TORONTO, ON-Two 500-plus room hotels here are being renovated and re-flagged. A 586-room hotel adjacent to the Toronto Convention Centre has just reopened as an InterContinental hotel following a $24-million renovation and the largest hotel at the Toronto Pearson International Airport is now a Park Plaza Hotel and undergoing a $4.5-million renovation.

The 586-room InterContinental Toronto Centre is located on Front Street, in the heart of the city’s theater district. It is owned by Pension Fund Realty Limited. The renovation project included refurbishments to all guest rooms and public areas, as well as the creation of a Club Floor with 90 exclusive rooms and suites.

Tony Pollard, president of the Hotel Association of Canada, says this is good news for the city. “The Toronto hotel industry is regaining momentum, and it is encouraging to see the arrival of such a well respected brand to the country’s most popular entertainment district,” says Pollard. “Investment of this magnitude in the luxury hotel sector shows a long-term belief in this city.”

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