Excerpt from: Ski Communities and New Developments
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| December 05, 2008 | | Condo Hotels at Tremblant in Quebec Canada | One of the little known ski resorts in North America is located at Mont Tremblant. Tremblant ski resort is located about an hour and a half north of Montreal in the province of Quebec, Canada.
The whole area still has a rustic charm, but that its being enhanced by the changes and developments to the area. Home sites are available for building, and Tremblant ski resort is also the location for one of the newest innovations in real estate buying: the condo hotel.
Condo hotels and Tremblant real estate
There are a number of interesting ideas regarding real estate investing. One of those gaining in popularity is the practice of buying a suite in a condo hotel. The Real Estate Blog explains how a hotel condo works:
Condo hotels have condos that are sold to individual investors who may
use their unit as a vacation home whenever they like. When they’re not
using their unit, owners have the option of placing it into an
organized rental program. Rental revenue, which is shared with the
operator, helps defray the owner’s expenses.
Condo hotels make great vacation homes, and Tremblant real estate has a few of these that can be found for as little as $175,000.
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