The Hyatt Regency Hotel chain clearly has confidence in Toronto and feels that Toronto needs more luxury accommodation. The Holiday Inn on King, located at 370 King Street West in the heart of the entertainment district, will be undergoing a massive renovation and emerging as the Hyatt Regency Toronto in January 2009. Hyatt Hotels & Resorts will operate and manage the new 394-room Hyatt Regency Toronto in downtown Toronto on behalf of King Street Enterprises. It will become the second Hyatt property in the city, joining the Park Hyatt Toronto, located at Avenue Road and Bloor Street in the heart of Yorkville.

The multi-million dollar renovation includes:
•    entirely new guestrooms and suites outfitted with signature Hyatt Grand Beds, state-of-the-art 42-inch LG flat screen televisions, modern furniture and fixtures, iHome clock radios, multi-media A/V connection access ports, and fully updated bathrooms.
•    guest check-in kiosks in the lobby.
•    dramatic new wine bar in the lobby.
•    a new contemporary restaurant concept.
•    more than 30,000 square feet of newly renovated meeting space which can be configured to accommodate both large and small meetings and events.
•    wireless high-speed Internet access throughout the hotel.
•    a StayFit@Hyatt gym
•    a large Regency Club including an updated and refurnished outdoor patio.

In light of the volatile markets and economic tensions, good news has been hard to come by lately. It’s great news for Toronto that luxury hotel properties are continuing to invest in our city.