A Wealth of Choices in High-End Luxury
The Hazelton Hotel is one of five new luxury hotel developments currently underway in Toronto’s downtown core. The others - the Shangri-La, the Four Seasons, the Ritz Carlton and the much publicized Trump Tower - will also transform the city’s profile and increase its ability to cater to the ultimate high-end tourist and business traveller.
The residences on the upper floors of these hotels will be marketed competitively with surrounding condominiums and luxury residences, making, for example, a Trump Tower development viable. Val Levitan, managing partner of Talon International Development Incorporated, the company set to manage the Trump Tower, said this kind of project is "trophy real estate."
"Everyone on the team recognizes that we are participating directly in shaping the future of one of the world’s most livable, vibrant cities,"Val Levitan,
managing partner of Talon International Development Incorporated
This business model - a luxury hotel as part of a larger real estate development plan - signals a sea change in the way Toronto positions itself in a global market.
The amenities, the architecture and design features and the five star restaurants are all components of this real estate experience, and the recent spate of investments indicates the world views Toronto as an investment opportunity well positioned on the value scale in terms of the global economy.
For more information on tourism investment opportunities throughout Ontario, please visit: www.investinontario.com/tourism/regionalinvest.asp.