Historic Niagara Falls power station to become C$350 million luxury hotel

For more than half a century, an imposing industrial landmark overlooking the Canadian Horseshoe Falls stood as a reminder of Niagara's remarkable electricity-generating past. Once responsible for harnessing the power of one of the world's most famous waterfalls, the historic Toronto Power Generating Station is now preparing for an entirely different purpose. After decades of inactivity, the century-old structure is being given a new lease on life through a C$350 million redevelopment that will transform it into Niagara Falls' first five-star hotel.Hydroelectric pioneer to historic siteE.J. Lennox designed the 1906 Toronto Power Generating Station on the upper Niagara River in Beaux-Arts style. According to The Spaces, applying this elaborate architectural style to an industrial facility was unusual at the time, making the building an architectural achievement as well as an engineering milestone.The facility supplied electricity to Toronto before ending its generating operations in February 1974. Its historical and technological importance subsequently earned it National Historic Site designation in 1983. Niagara Parks assumed ownership of the property in 2007, preserving the landmark for future generations.C$350 million investment brings new lifeThe redevelopment has now officially entered its construction phase. According to Niagara Parks, a groundbreaking ceremony was held on November 12, 2026, with project partners and Ontario's Minister of Tourism, Culture and Gaming, Zee Hamid, attending the event.Toronto Power Hotel Inc.