Rideout Bay Developments is a real estate development company focused on the Northwestern Ontario markets of Kenora, Sioux Lookout, Hornepayne, Fort Frances and elsewhere.
The Hornepayne opportunity is a unique situation as the town currently lacks a hotel of any kind. The previous hotel was located in the Hallmark Centre, a facility that was closed in 2010 despite the fact that the hotel was doing well. The demand In Hornepayne has again been surging due to the success of area mining, forestry, and a strong railway component.
The Sioux Lookout opportunity is a unique situation as the market is short 200 nights per day according to the local economic development office. This demand has been growing not only due to economic factors, but also as Sioux Lookout continues to thrive as a service centre for 30 First Nations communities surrounding it.
Sign up for hotel development news.