Niagara Falls Toronto Power Generating Station to be transformed into five‑star boutique hotel

The development promises to create jobs and boost local economies in the region. The new attraction will include amenities such as indoor and outdoor public viewing areas and a free museum and art gallery.

Funded entirely through a $200 million investment by Society Developments in collaboration with Pearle Hospitality, the redevelopment of the historic hydroelectric power generating station will see the site repurposed—after sitting vacant for 50 years—into Niagara Region’s first and only five-star hotel. The new and multi-faceted visitor attraction will include a theatre and various restaurants, as well as cost-free activities such as a free museum, art gallery and public viewing areas overlooking the Falls.

The Niagara Parks Commission (NPC), an agency of the Ministry of Tourism, Culture and Gaming, will retain ownership of the property. With the Ontario government’s approval and a lease agreement in place, Pearle Hospitality will become NPC’s newest tenant.

“Our firm was founded with a vision to create landmark, state-of-the-art developments. As we work to redevelop the Toronto Power site, we’re looking forward to applying the best practices we’ve learned through our history of building, redeveloping and operating distinctive and world-class destination properties across Ontario,” says a spokesperson for Society Developments/Pearle Hospitality.

QUICK FACTS

• The Niagara Parks Commission received official approval from the province to enter into a lease to redevelop the Toronto Power Generating Station through an Order-in-Council, signed November 7, 2024.
• Designed by E.J. Lennox in the Beaux-Arts architectural style, TPGS operated from 1906 until it was decommissioned in 1974. It received designation as a national historic site of Canada in 1983.
• Pearle Hospitality, an Ontario-based company, is behind some of the province’s top historic properties-turned-hospitality venues, including Ancaster Mill in the Niagara Escarpment.
• All requirements of the due diligence phase were completed this fall, including public consultation and the development of a strategic conservation plan.