Toronto's Sheraton Centre Hotel to begin $90M renovation in November

The Sheraton Centre hotel is preparing for a $90-million renovation, which will bring new wall-mounted 50-inch flat panel televisions, new bathrooms and upgraded Wi-Fi to each of its nearly 1,400 guestrooms. The update will begin in November and will take about one year to complete.

The hotel will be open during the renovation, and floors will be closed off in stages as workers overhaul 180 to 250 rooms at a time. Public corridors and hallways will also get new floor and wall finishes, and the hotel will add two new guestrooms, bringing the total up to 1,373.

Earlier this month, the Sheraton completed a $13-million retrofit of all its guestroom windows to help make the property more energy efficient. Starwood pledged to reduce its energy consumption by 30 percent and water consumption by 20 percent by the year 2020.

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Lodging owners who have the appropriate resources and capital have an opportunity to renovate at an accelerated rate and at more competitive prices.

The £18.4 million fine stems from a data breach discovered after the company purchased Starwood Hotels & Resorts Worldwide.

The company's revenues declined from $560 million in the third quarter of 2019 to $337 million in the third quarter of 2020.