IHG Breaks Ground on First avid Hotel in Canada



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InterContinental Hotels Group has broken ground on
the first avid hotel in Canada.

Located in Vaughan, a suburb of Toronto,
the property, owned by PI Cap, is just minutes from Toronto Pearson
International Airport, close to shopping centers, restaurants and with easy access to
neighboring Brampton, Etobicoke, and Bolton.

Vaughan has long been
recognized as one of the fastest-growing municipalities in Canada
and is home to Canada’s Wonderland theme park, which draws millions
of visitors to the area each year.

 

The hotel, which is expected to open by spring 2022, will offer 119 rooms across six floors.

Sandeep Ahuja, co-owner PI Cap, said, “While
we have deep roots throughout Canada and are known and trusted for
our expertise in personal and business insurance, this property
marks our first venture into the hospitality industry, and we are
excited to partner with IHG to introduce the avid brand to
Canadian consumers. We look forward to welcoming our first guests
at this new property soon.”

Launched in 2017, avid hotels are one of IHG’s
newest brands in the midscale, mainstream category and has grown
rapidly with more than 200 new hotel properties signed since
launch.

There are more than a dozen avid hotels now open
and welcoming guests, including the first property in Mexico, and
90 properties under construction or with plans approved for
construction across Canada, the United States, and Mexico.

Karen Gilbride, Vice President, avid hotels and
Atwell Suites, IHG, said, “On behalf of IHG and our
thousands of colleagues, I congratulate PI Cap on this milestone
for the avid hotel brand in Canada. There are great things on the
horizon as travelers continue to visit newly opened hotels and
discover the avid hotels’ experience, which is all about the
basics have been done exceptionally well and delivered at a fair price. We
believe this mainstream brand will continue to resonate strongly
with hotel owners due to the lower cost to build, efficient
staffing model and overall operating economics in the current
environment and for years to come.”

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