Sector(s)
Green Infrastructure
Location(s)
Toronto, Ontario
Participation
$46.5 million (financial close)
Partner(s)
Fairmont Royal York Hotel & KingSett Capital
Decarbonizing the Fairmont Royal York Hotel through deep energy retrofits
Sustainable, energy efficient retrofits to lower building carbon emissions.
Fast facts
Greater energy efficiency by electrifying the hotel’s energy sources and eliminating its reliance on the current steam-based systems
Significant reduction in carbon emissions, with the aim of reducing the hotel’s emissions by more than 80 per cent
To date, the CIB has committed more than $800 million toward building energy retrofits
We are investing $46.5 million toward deep energy retrofits at the Fairmont Royal York Hotel. The CIB’s financing will transform the hotel into a leader in sustainable accommodations.
The partnership will help decarbonize the hotel, paving the way forward for future green retrofits within the hospitality sector.
Benefits of CIB Involvement
Inefficient energy consumption of buildings is a major source of greenhouse gas emissions. The CIB’s works with private sector real estate owners to modernize their infrastructure assets. The CIB’s upfront financing of the capital costs of building retrofits creates jobs, long-term energy savings and a low-carbon future.
The CIB’s financing will move the decarbonization work forward.
Learn more
Disclaimer: Canada Infrastructure Bank, in its sole and absolute discretion, may choose to make available amendments, revisions, modifications or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by Canada Infrastructure Bank at any time and in no event shall Canada Infrastructure Bank be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Pictures courtesy of Fairmont Royal York and KingSett Capital.
