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Twin Towers - Five Star Hotel
A modern five star hotel, Grand Hyatt Markham offers the best of both
world - a subtle blend of western and oriental traditions encompassing
contemporary hotel design and world-class standards of service.
This luxury hotel will punctuate the full development and act as an anchor
to support the array of sporting, trade show and other events anticipated.
It will have 600 - 800 rooms and include executive and elite suites.
It will further be supported by a 3,000 seat ballroom, business centre,
conference centre and home to award winning restaurants, including
club Oasis Spa and a resort-style indoor pool. A soaring sky garden
will look back to the skyline of Toronto and out over Lake Ontario on the
South and pastoral Markham beyond Town Centre to the North.
Convention Centre/Hotel
Hard Construction Costs GFA (sq. ft.) Costs
Hotel 1,190,498 $239,290,000
Lobby (one storey) 79,406 $ 24,298,000
Conference Centre 99,696 $ 25,821,000
Restaurant / Retail 50,472 $ 14,485,000
Parking (1,500) 784,688 $ 56,498,000
Sub-Total: 2,204,760 $378,256,000
Escalation All (12 mos - 4%) $ 15,130,000
Construction Contingency $ 18,913,000
Project Soft Costs (fees, permits, misc 25%) $ 94,564,000
FF&E / Equipment budget (allowance) $ 27,000,000
Total Project Cost excluding TBD
Land / Financing / Legals TBD
GST /PST / Contaminated Soils TBD
Retail & Corporate Fit-Out TBD
Construction Escalation (4-5%) TBD
Total $533,863,000
Programs and costing details information will be done in the Markham
Live master plan design planning process