International luxury chain Warwick Hotels and Resorts (WHR) has acquired its first property in Canada, the Hotel le Crystal in downtown Montréal which it plans to reopen in May after a two-year closure.
Despite the presence of several headwinds, out-of-province investors remain bullish on Quebec’s multi-residential properties market, citing its strong presence of renters. Executives from InterRent REIT and Hazelview Investments spoke at the Quebec Apartment Investment Conference about their reasons for optimism.
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