Northampton Announced the Start of Construction at Vaughan Mills, Ontario
August 25, 2011 - Northampton's plans call for a $16 million, 130-room hotel competing in the premium mid-scale market, serving both leisure and commercial customers from its anticipated opening in early 2012.
Northampton Group Inc. (TSX VENTURE:NHG)(TSX VENTURE:NHG.DB), an integrated Canadian hotelier, announced that it has begun construction of its newest hotel, in the high-end retail and commercial development at Vaughan Mills, just north of Toronto.
"The past two years have seen gradual improvement in the hotel market," said Vinod Patel, President and CEO of the Northampton Group. "Management felt that the timing was right to take advantage of both this upward move and a perceptible easing in the credit market, which has enabled us to finance construction cost-effectively."
Northampton's plans call for a $16 million, 130-room hotel competing in the premium mid-scale market, serving both leisure and commercial customers from its anticipated opening in early 2012. The expectation is that the new hotel will be one of Starwood Hotels and Resorts Worldwide, Inc.'s Vision of W Hotels series, the aloft brand, which has been very successful for Northampton at its Dorval, Quebec, site - from which the brand was first launched globally.
With this branding, the new hotel will offer a hip, slick design with a bright and modern feel. It will provide intuitive technology access throughout, featuring atmospheric and appealing open spaces to give guests a sense of engagement and community. Guest rooms will boast nine-foot ceilings and huge windows, along with platform beds and stylish bathrooms with oversized, walk-in showers and spa amenities. The overall effect is clean and crisp, with a youthful flair.
The aloft Vaughan Mills is the second entry in Northampton's strategic development initiative, developed and built in conjunction with the Silver Hotel Group.
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