It's just the latest in a series of hotel projects launched by the Rimap group of companies in a bid to add new inventory to what it feels is an underserved market.
Rimap Hospitality said this week it has signed a deal with Marriott International to open a 222-room Moxy hotel in the Major Building at 126 York St.
Going all inn: Montreal firm proposes 35-storey hotel and apartment complex at Slater and Bay streets
Rimap Development's proposal calls for about 270 rental units and 230 hotel rooms on prime piece of downtown real estate just south of the Lyon LRT station.
Marc Varadi's firm, Rimap Development, has a growing portfolio of projects in the capital that also includes another downtown hotel and an apartment highrise in Centretown.
Montreal's Rimap Development says it wants to convert the heritage building at 126 York St. into a 214-suite hotel and build a highrise with 280 apartment units beside it.