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GORGEOUS MOUNTAIN VIEWS AND FANTASTIC ROI. Situated a mere 60km north of Montreal and 60km south of Tremblant, on the 'rue Principal' in the Valley of Saint-Sauveur, within walking distance to downtown yet surrounded by the celestial Laurentian mountains, this remarkably affordable yet luxurious condohotel project boasts unspoiled views of Mont Saint-Sauveur and Cap Molson, with the resort's 100" of average snowfall per year and annual tradition of being the first Laurentian resort to open and the last resort to close, last year boasting 174 days of pristine skiing on the mountain. The Valley of Saint-Sauveur is considered the capital of the Laurentians with its over 90 bustling restaurants, bistros and wine bars, fabulous boutiques, famous outlet shopping, and numerous activities. In the heart of the Laurentians and nestled in a superb valley, the village of Saint-Sauveur shows steady economic growth in a thriving tourist area, and offers an excellent quality of life. With 38 runs and only 74 years young, the Saint-Sauveur resort is THE place for night skiing, staying open until 10pm, and offers a plethora of activities including downhill skiing, cross-country skiing, tubing, and the famous 200km long P'tit Train du Nord bicycle path, not to mention the Olympic-size half pipe, a snowboarder's dream! In the summer, the ski hills are converted into a waterpark, where visitors can take the chairlifts up and slide down, and the area has its popular Festival des Arts which attracts visitors from all over Quebec. In the Spring, locals and tourists alike venture out seeking the best 'cabane a sucre', and of course, in the fall, the forests of the Laurentides take over with their characteristic flamboyant hues, reviving the festive spirit of the entire region! A unique and trendy concept, the hotel welcomes you with richly decorated rooms consisting of opulent materials such as stone and woodwork with a rhythm of conical lamps, numerous woodburning fireplaces, mirrored accents, wood and stone floors, and beamed ceilings providing ambiance. Common interior areas include an Internet area, fantastic 52 person capacity restaurant and bar with numerous windows on the warm side of the Laurentians, elevator, relaxing pool area with fireplace and stone walls, gym, an autonomous spa relaxation center, two conference rooms accomodating up to 60 people, golf simulator, and vending/ice machines. Each room is contemporary in style with numerous windows offering mountain views, large comfortable living rooms, stone trim gas fireplaces, thick wooden bookshelves, french doors, bay windows, and LCD tvs. Specially-selected bedspreads and accessories complete the decor. Each suite offers satellite kitchens equipped with microwaves, mini refrigerators, coffee machines, storage cupboards, dining table and chairs for 4, and high speed internet access. The condohotel Le Versailles Saint-Sauveur project is an innovative and exciting real estate project designed to meet the needs of today's investors seeking opportunities to combine high pleasure and high profitability. Fully managed by Condotel Le Versailles, information pertaining to expenses and hotel revenues will be available at any time to investors. As a bonus, you can personally benefit from your investment for up to 36 days per year. You, your family, your friends or your customers will be able to stay in an elegant comfortable hotel located in the heart of a great business and tourist destination. Key Investment Points: - Expected occupancy rates averaging 44% for 2008, increasing to an average of 62% by 2010
- Shared rental revenues with 60/40 split
- Average rental prices of $150-$185 CDN per night
- Attractive financing available for residents and non-resident investors
- Fully fitted and equipped with top of the line furnishings and appliances
- Rental management program allowing for 36 days of owner occupancy
- Easy reservation with a mere $1000 CDN!
- No taxes on the purchase - investors are exempt from the 12.5% GST/QST tax!
- Expected 56% ROI with 25% downpayment, increasing to 69% in 2010
- Established and thriving touristic area plus many local commuters from Montreal and Tremblant year-round
- Fantastic location directly between Montreal and Tremblant
- Solid capital appreciation trends in this increasingly popular resort area
- Pool, spa, gym, restaurant and bar on site
Hotel Le Versailles
Canada, Quebec, Saint-Sauveur
Studio 25m2 to 43m2 - 68000 to 115000 euros,
One Bedroom 39m2 to 57m2 - 108000 to 157000 euros
EXPECTED NET RENTAL INCOME UP TO 9.0%
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