Nottingham, (PressExposure) July 14, 2008 -- Montreal is to be the site of the next massive Waldorf-Astoria Hotel Complex. A partnership between Hilton, and Monit Investments, the 32 storey tower is scheduled for completion in the summer of 2011. The entrance of such a major player is a massive testament to the continued strength of the Montreal tourism market, which is expected to remain strong long into the future.
This is great news for owners of property on David Stanley Redfern's Rouge River development, a 20 minute drive from Montreal. 1 acre land plots on Rouge River are priced from just Â£27,500, and there are pre-designed 0-5 bedroom chalets waiting to be built at approximately Â£80 per square foot building costs. At such low prices, owners can charge a fraction of the price to holiday makers, and still make extremely healthy rental yields. The same goes for Mt Tremblant, that's alpine ski slopes make it another popular tourist attraction, and is just a 5 minute drive from Rouge River. But to market these properties on the rental potential they get from being close to two popular tourist destinations is to sell them extremely short.
The Rouge River development sits within the Rouge River resort, and surrounds the 100 miles of trout filled river that both are named after. A 100 mile bicycle track weaves along the banks of the Rouge River, and combined with the majesty of the spring and summer wildlife gives Rouge River a strong summer attraction all of its own. In winter tourists flock to the Rouge River resort because the bicycle track has become a skidoo trail, the forest is a cross-country ski trail down the Laurentian mountainside through the trees, and they can still ice-fish in the river.
All in all the Rouge River resort has an all-year-round rental market all of its own, the fact that it is close to Montreal and Mt Tremblant is nothing more than a bonus.
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