Construction on the new hotel began in 1927, and was completed in 1929. Named the Royal York, the new hotel cost $16 million when built. The completed hotel featured over 1,000 guest rooms, each equipped with radios, private showers, and bathtubs, a library, a 12-bed hospital, and a telephone switchboard. The hotel also operated St. George's Golf and Country Club as the Royal York Golf Club from 1930 to 1946, when the hotel's parent company, Canadian Pacific Railway, divested themselves from the golf course property.