The Royal York Hotel sits at 100 Front Street West at the southern end of the Financial District, a business district in Downtown Toronto. The hotel property is bounded by Piper Street to the north, and York Street to the west, whereas its eastern portion is bounded by Royal Bank Plaza, an office complex that serves as the operational headquarters of the Royal Bank of Canada. Union Station, the city's main intermodal transportation hub, is located south of the hotel, across Front Street West. The Royal York was not the first hotel built on the site. The first hotel was built in 1843 and was originally known as the Ontario Terrace. It consisted of four brick houses, and was later occupied by Knox College, a seminary. The former hotel was later demolished to make way for the Royal York.