CFO Capital arranges $320M financing for Fairmont Royal York’s sustainable transformation

The Fairmont Royal York, a landmark in Toronto’s downtown core, recently underwent a significant transformation and now offers 1,339 redesigned guest rooms, 123,000 square feet of meeting and event space, and several updated food and beverage venues, including REIGN Restaurant + Bar + Bakery, the Lobby Bar, and CLOCKWORK Champagne & Cocktails.

The property has also achieved Zero Carbon Building – Performance Standard certification from the Canada Green Building Council, marking a milestone in its sustainability efforts.  This achievement was the result of a $65 million retrofit project that included converting heating systems from steam to electric heat pumps, utilizing deep lake water cooling, and implementing advanced energy management systems.  These upgrades are expected to reduce the hotel's carbon emissions by over 7,000 tonnes annually, equivalent to removing 1,558 cars from the road.

The financing reflects continued institutional confidence in Canadian hospitality assets, particularly those with strong heritage and modernized operational frameworks.