The Niagara Parks Commission (NPC) has received the green light for an ambitious project – to redevelop the iconic Toronto Power Generating Station (TPGS). The TPGS, which has sat dormant for half a century, will be transformed into a luxurious five-star boutique hotel, positioned just steps away from the world-famous falls.
This redevelopment is expected to deliver a significant economic boost to the region, with the creation of sustainable jobs and an influx of tourism dollars. The project is funded through a $200 million investment made in partnership between Society Developments and an Ontario-based company, Pearle Hospitality. Pearle Hospitality is known for transforming historic properties, including the Ancaster Mill in the Niagara Escarpment, into premier hospitality venues. Once completed, the project will not only serve as Niagara Region’s first five-star hotel but also as a vibrant, multi-faceted visitor attraction.
In addition to world-class accommodations, the site will feature a theater, a range of dining options, and several public amenities designed to enhance the experience for tourists and locals alike. Among these will be free public viewing areas, a museum, and an art gallery, ensuring that visitors can enjoy the majesty of Niagara Falls without any cost barriers.
This transformative project underscores the ongoing evolution of Niagara Falls as a premier global destination. As the area continues to draw millions of visitors each year, the new hotel will provide a much-needed addition to the region’s hospitality offerings, while celebrating the site’s rich industrial heritage.
The Niagara Parks Commission, an agency under the Ministry of Tourism, Culture, and Gaming, will maintain ownership of the property. With the Ontario government’s approval and a lease agreement finalized, Pearle Hospitality is set to join NPC as its newest tenant.
The NPC received official approval from the Ontario government on November 7, 2024, through an Order-in-Council, to lease and redevelop the historic Toronto Power Generating Station. Designed by renowned architect E.J. Lennox in the Beaux-Arts style, TPGS operated from 1906 until its decommissioning in 1974 and was designated a national historic site of Canada in 1983. This fall, NPC completed all requirements of the due diligence phase, including public consultations and the creation of a strategic conservation plan.
