2233422 ONTARIO INC.

August 19, 2011 17:02 ET

RE: Former Royal Connaught Hotel Property, City of Hamilton

HAMILTON, ONTARIO--(Marketwire - Aug. 19, 2011) - 2233422 ONTARIO INC., a mortgage holder of the former Royal Connaught hotel in the City of Hamilton, wishes to address certain comments which have been made recently regarding the proposed redevelopment of the property.

2233422 Ontario Inc. confirms that the intention is to redevelop the property. As a part of the planning process, individuals have met with Mayor Brattina and other representatives of the City of Hamilton to discuss issues vital to the redevelopment.

As an interested party in the property, we are most gratified at the positive comments of Mayor Brattina regarding the proposed redevelopment as well as those of the press and other members of the community. However, it is important to note that the redevelopment is in the planning stages only and that there are many variables and issues still to be addressed.

Contact Information

  • Scarfone Hawkins LLP
    Joseph G. Speranzini
    Partner
    905.523.1333