Restaurateur serving up $30m downtown hotel
March 04, 2009
Eric McGuinness
Despite the current economic gloom, the owner of Hamilton’s Modern India Buffet is planning a $30-million, 160-room high-rise hotel with underground parking at the restaurant’s former location on Main Street East at Walnut Street.
Owner-manager Mark Johal, who recently moved the restaurant to Main and Caroline streets, says he and partners own a Hampton Inn in Kitchener and a new Four Points by Sheraton in Cambridge and will soon start construction on an Element by Westin hotel in Cambridge.
He says he will meet city officials next week to review a site plan for the downtown Hamilton property. Plans aren’t final, but currently show a 14-to-16-storey structure with 165 parking spaces on one level underground and two above.
Meanwhile, Ron Marini, director of downtown and community renewal, says city staff met yesterday to review the site plan for a Hilton Homewood Suites at Main and Bay streets planned by hotelier Darko Vranich, who bought the Sheraton Hamilton last year. The city has also approved a loan for a new hotel on Main between Caroline and Bay to replace the Staybridge Suites on Market Street, which is to become a retirement home.
Asked if he expected to go ahead despite the recession hitting Hamilton hard, Johal said, “So far it’s a go.”
He’s aiming to start construction this summer. He said he had hoped to move more quickly, but has to get the Element project under way first.
Johal, with 28 years experience in the hospitality industry in England and Canada, opened Modern India Buffet three years ago after buying and renovating the building that formerly housed a series of watering holes, including L.A. Batts and Don Cherry’s Grapevine.
He then bought and renovated the current site, the one-time El-Mar hotel occupied more recently by a string of nightclubs before being left vacant for several years.
Johal described the proposed hotel as a long-stay facility with kitchenettes, which would qualify for the city’s residential loan program.
Unfazed by the prospect of competing with other existing and planned downtown hotels, Johal said, “You have to create business — or steal business.”
emcguinness@thespec.com
905-526-4650