The five-star Freed Hotel is set to open in downtown Toronto in 2028

A rendering of the Freed Hotel and Residences coming to Toronto in 2028

Freed Hotel and Residences is expected to open in the fall of 2028.

“As the largest owner and operator of Ontario's portfolio of hotels and resorts, this project is a testament to my undying love for Toronto. Freed Hotel and Residences represents a groundbreaking moment for Freed Developments, bringing together art, culture and sophistication through hotel-style living,” said Peter Freed, Founder and CEO of Freed Developments.

Freed added: “Building on Freed's 30-year legacy of outstanding hotel and residence projects, Freed will proudly display Takashi Murakami's stunning artwork, adding a unique cultural dimension to the venture, as well as promoting a first-of-its-kind project. Katsuya Restaurant in Canada will further enhance the city's culinary landscape and provide a best-in-class hotel experience for residents and guests.

Freed Developments has transformed the face of Toronto over the past 30 years, completing more than $10 billion in developed projects, including the Thompson Hotel. In addition, Freed Hotel & Resorts is Canada's largest owner and operator of hotel and resort communities, including Muskoka Bay Resort, Deerhurst Resort, Horseshoe Resort and Blue Mountain Resort.