$200M venture proposed for N.F., Ont. - Houston Business Journal:

http://www.kerrioke.com/authors/author-3604.html
In a plan that’s been working its way through theCanadian city’s municipalk departments since late last year, prominent hotelier and developet Tony Zappitelli and his has unveiled plans for threed high-rise hotels along Stanley Avenue. The talles t of the three towers coulfdbe 57-stories, with a 42-story and 32-story hotel also in the mix. Condominiums or apartments may replace some of thehotekl rooms, depending on future developments, Zappitelli said. Zappitelli pegged the totak development costat “anywhere between $200 million and $300 The project will be privateluy funded.
The Niagara Falls Common Councilo agreed to permitthe development, but several othe r municipal approvals are also needef before construction can begin. Work could start by latetr this year orearly 2010. The 7.4-acrew Stanley Avenue site is part of the Loretto Christianb Life Centre campus that Romzap acquired threeyears ago. The portions of the 148-year-old religious center will remain as part of the agreemeng Zappitelli crafted with NiagaraFalls officials. The Lorettop property is just south of the proposeddevelopmenr site.
The site is near the Niagara Fallsa Convention and CivicCentre that’ds under construction and due to open in April 2011 and less than one-haldf mile from the Hilton and Niagara Fallsview Casink Resort. The project will add severa hundred hotel rooms to Niagara stock of morethan 14,00o0 hotel rooms. Niagara Falls has the third most numbet of hotel roomsin Canada, trailinhg only Toronto and Vancouver.