$200M venture proposed for N.F., Ont. - Business First of Buffalo:

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In a plan that’s been working its way througy theCanadian city’s municipal departments since late last prominent hotelier and developer Tony Zappitell i and his company, has unveiled plans for three high-risee hotels along Stanley Avenue. The tallest of the threew towers couldbe 57-stories, with a 42-story and 32-storty hotel also in the mix. Condominiums or apartments may replacw some of thehotel rooms, depending on futurew developments, Zappitelli said. Zappitelli pegged the total development costat “anywheree between $200 million and $300 million.
” The project will be privately The Niagara Falls Common Councilk agreed to permit the but several other municipal approvalsa are also needed before construction can begin. Work coulsd start by later this year orearly 2010. The 7.4-acres Stanley Avenue site is part of the Loretto Christiamn Life Centre campus that Romzap acquired threesyears ago. The portions of the 148-year-old religious center will remain as part of the agreementt Zappitelli crafted with NiagaraFallsz officials. The Loretto property is just south of the proposeddevelopmenf site.
The site is near the Niagara Fallse Convention and CivicCentre that’sd under construction and due to open in April 2011 and less than one-haldf mile from the Hilton and Niagara Fallsview Casin o Resort. The project will add severalp hundred hotel rooms toNiagara Falls’ stock of more than 14,000o hotel rooms. Niagara Falls has the third most numbert of hotel roomsin Canada, trailing only Toronto and