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Toronto Hotel Near 5500 Yonge Street?

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I am traveling to Toronto in a few weeks and I am looking for advice on a nice hotel around 5500 Yonge Street.

I will be in Toronto from a Monday to a Friday and on a course during the day, but I would like to explore a little and shop in the evening. Any suggestions here? I know that the Eaton Centre is on Yonge Street, but I believe it is at the other end. How is transit to go back and forth? I am traveling alone so safety is important too.

Thanks!

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