Hopewell long planned a hotel project, Mega Tower Hotel at the east of the street but received opposition from the surrounding residents and environmental groups.

Mr. Wu is now planning to construct the Tower Hotel, which would take back the title.

A three story auto hotel was built adjacent to the Tower Hotel.

In 1997, the Tower Hotel was listed on the National Register of Historic Places.

In late 2011, the owners of the Tower Hotel (then known as Tower Place) were forced to close when maintenance and operation costs became too much to bear.

On February 20, 2013, The Tower Hotel was purchased by Russian-born business owner, Youri Frankine for $100,000.

The Tower Hotel was built in 1873 for the gentleman farmers to attend the livestock market, which still exists.

The Tower Hotel is locally known as the "Toor" has a bar, restaurant and 3 rooms for accommodation.

Twelve staff members of the Taj Mahal Palace & Tower Hotel were killed and seven were injured.

He also runs an investment real estate business focused on redevelopment properties, including the low income facility in Port Hope, Ontario known as the Tower Hotel.