By James Sorensen, The Canadian PressRead moreA few weeks ago, the Ontario Liberal government announced a $100 million investment in a $250 million hotel development in Niagara Falls.
The project will bring 50 hotel rooms to the Niagara Peninsula, but only 40 of those will be occupied by Canadian guests.
It will also allow for a hotel at the Niagara River’s shoreline.
The government also announced that a private company will manage a new hotel tower on the Niagara Falls waterfront.
The tower, which is expected to be completed this summer, will be larger than any other hotel on the West Coast and is expected have more than 1,200 rooms.
The Niagara Falls development will be the first project in the province to use the private company, Tridel Development, to manage the hotel.
The development is part of the provincial government’s efforts to revitalize the Niagara region by bringing in international businesses to create jobs and attract tourists to the region.
The $1.9 billion project, which will be financed by a $5 billion provincial-owned bond, will add nearly 1,000 hotel rooms in the region by 2019.
Ontario Premier Kathleen Wynne and her government have been working to revitalise the Niagara area and attract more foreign tourists to Ontario.
The plan to build a hotel on Niagara Falls was a huge part of that effort.
The hotel will be operated by Tridel.
OntariiSolutions has built over 60 hotels in Niagara and the Niagara Valley in the past five years, and is working on a $2 billion hotel project in Thunder Bay.
Its newest hotel, the Waterfront Niagara, is due to open in 2019.
The company is also working on several other projects in the Niagara-area.
Its the only Canadian-owned hotel in the Canadian market.
Its one of the few in Canada that has built on a former Niagara Falls resort.
Tridel says its the largest hotel in Canada.
The Toronto-based company is building an entire new hotel on its site, the Sky Tower Niagara, in Toronto.
The new hotel is scheduled to open this summer.
The company has also been working with Canadian investors to bring jobs and revenue to the area, as it seeks to lure foreign companies to Ontario to create more jobs in a region already facing a jobless rate of 10 per cent.
Tridas plan to bring foreign companies and hoteliers to the Greater Niagara Area by creating a new business incubator and business development office.
The facility will be open to all types of businesses in Niagara, said Tridas CEO Michael Kocher.
It is also a hub for regional business incubation and entrepreneurship.
Kocher said the company is looking to attract up to 40 new hotels a year by 2019 to the Canadian side of the Niagara watershed.
That is a far cry from the 20 or so that have opened in the area in the last 10 years, he said.KOCHER said the idea for the new hotel was to attract foreign business owners to the project because the Niagara basin was the only place in Canada where it was possible to develop a hotel.
He said there was a lot of interest from Canadian companies wanting to come to Niagara.
He said it was the first time that a project like this had been undertaken in Niagara-on-the-Lake, with the exception of the proposed expansion of a hotel in Thunder Hill, Ont.
There is a lot that can be done, Kochers said.
It’s a new project, but it’s one that we hope will create jobs for our area.