175 LONGWOOD ROAD SOUTH, HAMILTON, ONTARIO, CANADA L8P 0A1
- Leasing Information
- Leasing Information
- Plans and Designs
- Plans and Designs
- Site Fly Through
- Site Fly Through
Introduction
Hotel on horizon for Innovation Park
01/09/08January 09, 2008
Wade Hemsworth
The Hamilton Spectator
(Jan 9, 2008)
Hamilton hotelier Oscar Kichi is planning to build a hotel -- possibly even two -- at McMaster Innovation Park.
Kichi plans to spend about $20 million after reaching an agreement in principle with the university to buy 1.6 hectares on Longwood Road South, overlooking Highway 403 -- immediately north of the red brick building that last served as appliance manufacturer Camco's Hamilton headquarters. The deal is still subject to due diligence by both sides. The sale is expected to close in the next few months, with construction starting late this year or early in 2009.
As he did with his Courtyard Marriott project on Upper James, Kichi is working on the Innovation Park project with Concord Hospitality Enterprises, a U.S. hotel development company that owns and manages 49 properties.
Kichi said the hotel would likely come under the Marriott or Hilton banner.
The project could be built as a traditional hotel, a long-stay suites hotel, a combination of the two, or two separate projects on the same site, depending on the results of a feasibility study.
The arrangement would see Kichi and Concord develop and run the hotel and operate meeting and conference facilities either on the hotel site or in the old Camco office building on a partnership basis with the university.
While the hotel facilities would be open to the public, guests primarily would be researchers and business people visiting the Innovation Park.
At minimum, Kichi said there would be 140 rooms, which would likely open in late 2009 or early 2010, roughly coinciding with the opening of the federal government's CANMET materials technology laboratory.
Zach Douglas, president of the McMaster Innovation park, said Kichi's commitment lends momentum to the broader project, whereas as many as 14 public, private and combined buildings could be built.
whemsworth@thespec.com
905-526-3254
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CANMET-MTL is the 165,000 square foot facility currently under construction and nearing completion that will house the Canadian Government’s Materials Technology Laboratory and is part of the $60M commitment to the Park from the federal government. 
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