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City company buys two Ontario hotels

Temple Hotels Inc. has added two more Ontario hotels to its property portfolio.

The Winnipeg-based real estate investment company said Wednesday it has acquired the 152-room Hilton Garden Inn Toronto Airport West in Mississauga for $25.07 million.

It also purchased the 105-suite TownePlace Suites by Marriott extended-stay hotel in Sudbury for $18 million.

The acquisitions give Temple seven hotels in Ontario, including two properties in which it has a 50 per cent ownership stake.

 

H&M Winnipeg set to open Sept. 10

Manitobans who have been waiting years for fashion retail giant H&M to arrive in Winnipeg now have a date to circle on their calender.

Sept. 10 -- at noon, to be exact -- is when the province's first Hennes & Mauritz Inc. (H&M) store is slated to open in Winnipeg's Polo Park Mall.

The 25,000-square-foot outlet will feature clothing and accessories for men, women, teens and children.

It had been rumoured for more than five years that H&M was coming to Winnipeg, and the Swedish-based firm finally made it official last October when it announced it would be opening a store at Polo Park. It didn't give a specific date, saying only it would be sometime in the fall.

H&M entered the Canadian market in 2004 and now has 67 stores across the country.

Republished from the Winnipeg Free Press print edition July 31, 2014 B8

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