/24-7PressRelease/ - NOTTINGHAM, UK, 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 27,500, and there are pre-designed 0-5 bedroom chalets waiting to be built at approximately 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.
Find out more about Canada property.
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
DSR have just branched out into the _a href="http://www.overseaspropertyrentals.com"_Overseas Property Rentals_/a_ industry.
Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com
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