Another institutional landlord is eyeing a redevelopment near the Carling Avenue and Highway 417 interchange, an area that is slated to see a dramatic rise in residents in the coming decades.
© Google Street View
The vacant building and car park on the eastern portion of the Travelodge Ottawa property on Carling Avenue will be demolished to make way for a mixed-use development.
Holloway Lodging says it’s preparing to construct a mixed-use residential project adjacent to the Travelodge Ottawa.
Demolition of a two-storey parkade and vacant nine-floor building on the eastern part of the property is scheduled to start in early December, says Holloway chairperson Michael Rapps. Decommissioning and demolition contractor Delsan-AIM will lead that stage of the project, he says.
The hotel structure will be unaffected and continue to operate, Mr. Rapps says.
Holloway is still preparing its specific plans for what will replace those structure, but envisions residential units and other uses, Mr. Rapps says, adding that he hopes to file a development application with the city in the new year.
Holloway’s plans are the latest redevelopment proposal for an area that’s already poised to see major changes in the coming years.
The hotel is less than a block away from RioCan-owned Westgate Shopping Centre. A year ago, the REIT released plans to construct five mixed-use towers on the site - reportedly home to Ottawa’s oldest shopping mall - over the next 20 years.
Holloway focuses on hospitality properties in secondary, tertiary and suburban markets. It acquired the 196-room Travelodge Ottawa as well as the 256-room former Chimo Hotel - now the Holiday Inn Ottawa East - near the St. Laurent Boulevard and Highway 417 interchange in 2014 through its purchase of Royal Host Inc.
The acquisition marked an expansion into Ontario for Holloway, which was previously focused on western Canada.
Mr. Rapps says Holloway is keen to add more Ottawa properties to its portfolio.
“Ottawa is a great market. It’s always going to have business, it’s always going to have people travelling to (the city) because it’s the nation’s capital,” he says. “If we can find other hotel assets that were priced appropriately, we’d certainly look at acquiring (them).”