Oxford acquired the legendary Park Hyatt Toronto in 2014 as part of our strategic plan to own highly visible, upscale assets with locations in key markets with high barriers to entry. The hotel needed a significant restoration, and in 2019, construction began to modernize the property while maintaining and restoring its historical charm. The decision to revitalize this asset was aligned with our philosophy of connecting people to exceptional places. The redesign of the property respects and embraces Park Hyatt Toronto's storied history while also reflecting Toronto's emergence as a truly global city.
The vision for the property included converting the historic south tower into 65 luxurious rental residences, revitalizing the legendary rooftop lounge with a newly expanded patio, and renovating the north tower's 219 distinguished luxury hotel suites. A monumental podium with sophisticated food and beverage offerings and the city's most prestigious ballroom and event space connects the two towers. Combining sophistication and glamour with a distinctive nod to Canadian heritage, art deco, and literature, the hotel and rental residences collaborated with world-renowned interior designer Alessandro Munge of Studio Munge. Drawing inspiration from Canada's striking seasons and natural landscapes to bring this experience to life, the hotel offers an elevated home-away-from-home feel with purpose and style through modern materials and soothing colour schemes. In contrast, luxury rentals offer elegant living with access to hotel amenities and lifestyle. The project's architecture was designed by KPMB Architects, known for their work on the Royal Conservatory of Music and the revitalization of Toronto's Massey Hall.
In 2021, after a lengthy and complex redevelopment, Oxford proudly welcomed Park Hyatt Toronto back to the city and introduced Two Avenue Road Luxury Residences. Long considered one of Toronto's most iconic addresses, the new hotel and residences offer guests and residents an experience with timeless sophistication rooted in Canadian heritage with deeply personalized and engaged service, the cornerstone of the property's revival.