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Financial New hotel going after conventions Inn entices conventioneers to area Horseshoe Valley Ski Resort of- ficials say the resort will be a lot busier this year due to the opening of a $12 million hotel. It is hoped convention organizers looking for a location other than Toronto to book conventions, will cast an eye towards Horseshoe, and the new hotel. To entice conventioneers to the valley, the 100-room hotel is offer- ing four conference rooms, dining featuring international cuisine and entertainment. For relaxation, guests will have at their disposal an indoor pool, an exercise room, a billiard room and a sauna, says Brenda Webb, marketing assistant at the resort. "With our location and proximity close to Toronto, the convention business was something we wanted to attract," says Webb. She expects 50 per cent of the hotel's business will come from conventions. The remaining 50 per cent will be filled by skiers taking advantage of packages offered by the resort, says Webb. Guests of the Inn at Horseshoe Valley will be able to choose bet- ween three different types of rooms, says Webb. The standard room comes equiped with two queen-size beds. The parlor room has a fireplace and a sunken living area. The loft Management at Horseshoe Valley Ski Resort say the new $12 million hotel at the resort will bring convention trade northward from suite is a two-storey room with spiral staircase. Both loft and parlor are equiped with whirlpools, says Webb. Owned by seven Barrie area businessmen, the hotel was financ- ed by a $5 million mortgage, $3.5 million in equity and a loan of $1.9 Toronto. from the federal and provincial governments, says Webb. The hotel has been open for business since July 3, catering to the golf trade. The official opening is Nov. 5, when dignitaries and in- vited guests will be given the grand tour. With the hotel in operation this year, the resort will employ bet- ween 500 and 600 people, says Webb. "'It provides an excellent employment base for the area." The jobs are in the hospitality in- dustry, and those related to the operation of a ski resort. eet to RUBBER STAMPS CUSTOM MADE ON PREMISES Marlynn Specialties 71 Main St., Penetanguishene ee SS" ALL TvPewriTERs $4 QQ00 $200°° OFF 549-8881 = HAs. Plumbing, Heating, Electrical Contractors and Supplies SY Vs S. SONS Lia. Page 6, Financial Forum, 1987 Penetanguishene, Ont. 949-7227/2719 | ! SO iT etna ee ee tes eR