Omni to manage King Edward

TORONTO—Omni Hotels & Resorts announced today that it would
operate and manage the The King Edward Hotel as of Aug. 1. The iconic hotel will also wear the Omni name. 

The company will join the ownership group King Edward Realty Inc. Skyline International Development will retain its ownership position
and continue its existing role as asset manager of the Canadian-owned King
Edward Realty Inc., along with partners Alex Shnaider, Serruya Realty Group,
Dundee KE Limited Partnership and now Omni Hotels Corporation. 

The venture continues
Omni’s strategic expansion to own, operate and manage distinctive luxury hotels
and resorts in North America.

“The King Edward Hotel is a very unique property with a rich
history from more than a century of hosting guests, as well as being a great
source of pride for the city of Toronto,” said Mike Deitemeyer, president of
Omni Hotels and Resorts, in a release.

Built in 1903, The King Edward is a Toronto landmark located
within the city’s Financial District, and has hosted a number of dignitaries in
its 110 years, including namesake King Edward VIII, former president Theodore
Roosevelt, Ernest Hemmingway and Mark Twain.

As part of the partnership, the King Eddie is undergoing a
$40 million renovation that will include the hotel’s rooftop Crystal Ballroom being
restored as a party hall. The ballroom, with its 20-foot ceilings, has been
closed since the 1970s and overlooks the city from the 17th floor. As
well, the hotels 301 rooms and suites will be modernized with new bathrooms.
The first 50 guest room renovations are set to be complete this fall. The renovation will maintain the hotel’s old-world charm and elegance while
updating the rooms, lobby and adding a new fitness centre. 

“Omni is committed to making this incredible hotel the place
to stay in Toronto, whether travelling for business or leisure. As an extension
of our city centre portfolio, The King Edward Hotel is a marquee property that
allows us to offer our award-winning personalized service to our guest who
visit Toronto,” said Deitemeyer.

“We’ve
worked closely with The King Edward’s operations team since the hotel was
purchased in March 2010 and that relationship will certainly continue with
Omni,” said Kevin Toth, President & COO of Skyline Hotels & Resorts.

The Omni King Edward Hotel will be the brand’s second property in Canada
along with the Hotel Omni Mont-Royal in Montreal’s downtown.