Quote:
Originally Posted by Leroy321
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Good find!
This is a lot of coin. The listing is a little confusing, but, I assume the general category is "retail", with the business type being "hotel/restaurant."
I can think of several possibilities.
1) - I
still think there is another hotel destined for the Mapleton area (Northwood by the Hampton Inn). The signage may have been taken down for the Home 2 Suites, but, when they announced the Mapleton/TCH interchange improvements, I took note of the fact that part of the funding package was for "sidewalk improvements" being funded by a hotel out there. I could be wrong, But I can't imagine the existing Hampton Inn or Holiday Inn chucking in money for the project since they already exist out there. I assumed the sidewalk improvements were for an extension of the sidewalk for a
new hotel. The "restaurant" bit is interesting. Typically, Home 2 Suites does not have a restaurant, just your typical breakfast buffet. If there is a new hotel going in out there, and it will include a restaurant, maybe we are talking about a more upscale Hilton banner. They do after all have the Four Points by Sheraton out there to compete with. Hmmmm......
2) - Perhaps Westmount/Du Parc has found a replacement hotel for the Junction Urban Village.
3) - Now that the Gray Group and Tier Too Properties own the Terminal Plaza complex, and the vacant lot between the complex and the Avenir Centre, a redevelopment of this whole area is probable. Maybe something could be built here? I think there is room for one more hotel in the Avenir Centre entertainment precinct.
4) - there is a fourth possibility that I am not at liberty to discuss as it is privileged information.
They say construction next fall. We should know more in the near future.