OSHAWA—The construction of a downtown Oshawa Holiday Inn Express is expected to get underway this fall after a land deal between the city and a developer closed March 28.
A one-acre piece of land at the corner of Simcoe and Richmond streets was sold to Abdul Rehman, president of Chayell Hospitality Group, with a price tag of $375,400, according to Clarington-Oshawa-Whitby This Week.
Rehman said once brown field remediation is complete, the plan is to build a six-storey, 125-room hotel, with a leased restaurant, 300-person conference centre and underground parking – a $21 million project.
He told This Week he thinks there is demand for a downtown hotel.
“From our perspective, when we go into a city we don’t jump into it,” said Rehman, adding the feasibility report has gone to the InterContinental Hotel Group.
According to the city’s website, construction is expected to be complete December 2014, which would see the hotel ready for the 2015 Pan Am Games. Oshawa will host boxing at the General Motors Centre, which is walking distance from the hotel.