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Local investors shunned Timmins hotel opportunity.

Local investors shunned Timmmins hotel opportunity

Does Timmins need another hotel?

Apparently many residents of the city are doubtful, at least when in comes to putting their money into such a project.

As the new Travelway Inn was going up, newspaper advertisements and a large sign in front of the project offered people a chance to invest.

Manager Doug Liinamaa says local people didn't really show any desire in investing. Most of the interest came from Sudbury.

Liinamaa believes many residents incorrectly think Timmins is a small town which doesn't need another hotel.

"I guess the people of Timmins don't realize there's a shortage of hotel space," he says.

And he has the numbers to back up that statement.

The hotel occupancy rate last year was a solid 63.7 per cent, even though that represented a five-per-cent drop from the previous year.

Liinamaa believes that decrease was temporary, caused by last summer's closure of the gold mine tour, one of the city's most important tourist attractions. The tour is scheduled to resume this summer in a new location.

Even though Timmins residents were reluctant to become involved, Liinamaa believes attracting people for such limited partnership investments is probably the way of the `90s.

"Obviously the building is so expensive it's hard for one corporation to put up that sum of money."

The hotel, which opened for business Feb. 28, cost $10 million to construct.

Its 98 rooms make it the third largest hotel in the city.

The architect for the project was Ian S. Malcolm of Barrie.

"I think one of the things we really tried to get was to have a lot of light, a lot of bright things and not to make the hotel dark," says Liinamaa. "The whole front is glass. It's very bright. The rooms are the same thing - light carpets, light curtains, big windows."

Construction was completed on schedule in about five months by Adanac Developments of Sudbury.

PHOTO : Doug Liinamaa, manager of the Timmins' Travelway Inn, surveys the grounds of the new

PHOTO : $10-million facility.
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Title Annotation:Construction Report; Travelway Inn
Author:Bickford, Paul
Publication:Northern Ontario Business
Date:May 1, 1990
Words:342
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