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MOUNTAIN PLAYGROUND FOR 2010 OLYMPICS. Here is a fantastic investment opportunity to acquire your own unit at the stunning Hilton Whistler Hotel just in time for the build up to the 2010 Winter Olympics! This investment offers both a steady income with the option for personal use as well as a huge potential for capital growth with the coming Winter Olympics. The Hilton Whistler is located in the heart of the picturesque Whistler Village, with its dramatic backdrop of the Rocky Mountains. Only steps away from Whistler and Blackcomb Gondolas linking you directly to all the exhilarating day time activites in the mountains, as well as being close to the vibrant night life within Whistler Village. This is a tourist resort with a variety of accommodation and many hotels but the Hilton name and the location of this hotel make it an extremely popular choice, which has attributed to the steadily increasing occupancy rates since its redevelopment. Located on the third (red floor) of the South Tower, this unit comprises of two adjoining rooms (known as Strata Lots) connected by an internal door. The first Strata Lot is a one bedroom with en-suite bathroom and lockable door to adjoining room. The second room or Strata Lot is a slightly larger studio which has a bedroom, en-suite bathroom and kitchen facilities. Both suites are luxuriously furnished, with high quality fixtures and fittings which are included in the sale. Suite Amenities include Granite countertops; Deep soak tubs; High quality appliances; Custom made cabinets; Polished Kohler sinks; Moen bath faucets; Hiltom Suite Dreams Bedding System. Luxuriously appointed with a very side range of on-site facilities, the whole complex offers you every comfort. From the moment you arrive you will be greeted by a warm welcome and receive the impeccable and courteous service for which the Hilton Group are renown. They will ensure that you or your guests will receive the maximum enjoyment from your stay. Hotel Amentites include Valet Parking: Concierge Service; Outdoor heated pool; Fitness Centre and Spa; Indoor and outdoor hot tubs; Signature Restaurant and Apres-Ski Lounge; State of the art business centre; Wireless internet in all rooms and lobbies. World renowned for skiing and winter sports, Whistler is every winter sports lover's dream. It's no wonder that Whistler was voted the number one Ski Resort in North America. But Whistler is a natural year round playground with its crisp mountain air, crystal clear lakes and lush emerald forests. There's something to do here everyday whether it's a thrilling adventure or just some quiet time listening to nature and adsorbing the magnificent scenery. In the winter you can expect to ski and snowboard all day, every day. Cross-country glide on forest trails. Ride a snowmobile to a frozen mountain lake. Snowshoe into the remote wilderness. In the summer you can enjoy the 5 professional golf courses, 5 pristine mountain lakes, hiking and horseback riding or simply enjoy the indulgent spas, superb range of dining, shopping and nightlife all year round. Benefits of the Olympic Games - Vancouver has been chosen as the host city for the XX1 Olympic and Paralympic Games in 2010.
- The Games will bring millions of dollars of investment into the area including a $600 million investment into widening the Sea to Sky highway connecting Whistler to Vancouver which will reduce the drive time between the 2 cities by almost 30 minutes.
- In recent Olympic Games it has been estimated that 50% of the overall benefit accrues to tourism. It is anticipated that the 2010 Olympic and Paralympic Winter Games will not only meet this target but exceed it, with a majority tourism strategy in place leading up to the Games.
- Estimated visitor numbers to Vancouver and Whistler during the Games are 250,000.
- The impact of the 2002 Winter Olympics in Salt Lake City was significant. A Senior Vice President of Jones Lang Las Salle stated "While the Winter Olympics may only last 17 days, the effects on the real estate markets of the host city are felt long after the final gold medals are awarded."
- International visitor growth to host cities has increased by an average of almost 25% in the second year after the Games.
- The hotel market is clearly affected by the Games
Investment Opportunity:This is a unique investment opportunity in that there is a steady rental income as well as the capital appreciation potential as 2010 Olympics nears. Rental Income: The Hilton manages the rooms and looks after all the day to day running of the hotel and the maintenance of your unit. There is a Management Agreement between the Room Owners (called Strata Owners) and the Hilton. A proportion of the revenue from the room is retained by the Hilton Whistler for this service. The hotel has been achieving approximately just over 70% occupancy and the rooms let out are rotated so that the usage is fairly distributed amongst Investors. It was projected that the occpancy rate would rise to 70% 2 years after the redevelopment but it has reached this figure after 1 year. Due to its configuration these units have an advantage with this rotation arrangement, as its 2 rooms are in the rotation 3 times, due to the fact that it can be occupied as a double or family unit thereby giving it a greater return then if it was 2 separate units. Room rates vary depending on seasonal flucutations between $300 CAD per night ($150 per room) to the projected rate of $600 CAD per night with the built up to the 2010 Olympics. Capital Appreciation: Over the last 5 years the average condo in Whistler has appreciated 70.5%. Current market conditions in Whistler are hot with the condo sales average price of $770,000 CAD or approx. 535,000 Euros. Unit sales for single detached homes were up 66% in the first quarter of 2007 over 2006 and a 29% increase for condominiums for the same time frame. The number of new developments is also up with new condos, hotels and townhouses being built in preparation for the upcoming 2010 Olympic Winter Games. The impact of the Olympic games cannot be overstated and prices are expected to continue a steady growth far beyond the 2010 Olympics. Whistler continues to be ranked as the #1 ski resort in North America and a Top 20 Golf destination. The average Whistler condo purchaser is over 40 looking for a second home and sound invesment. As the general population continues to age closer to retirement, Whistler's will continue to be the destination of choice for whose seeking a year round mountain playground. Investment Features: - Up to 10% Return on Investment from rental income
- 70.5% Capital Appreciation for condominiums in Whistler over the last 5 years
- Upcoming 2010 Olympic Games expected to bring 250,000 international visitors during the games and millions of tourism dollars to the area for years to come
- 70% Occupancy rate at the Hilton Whistler
- This unit contains 2 rooms that can be let separately or together thereby increasing it's occupancy potential and it's return
- The Hilton Whistler comprehensibly rents and manages the rooms for a completely carefree investment
Hilton Whistler Condo
Canada, British Columbia, Whistler
Two Bedrooms 69m2 to 69m2 - 487000 to 487000 euros
EXPECTED RENTAL INCOME UP TO 10.0%
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