Hilton Hotels Corp. has signed an agreement to develop a Waldorf-Astoria in Montreal.

The $200 million investment, which will include 250 hotel rooms and 76 Waldorf-Astoria Residences, will be the luxury brand’s first property in Canada.

The property is being developed by Monit Investments and is expected to open in 2011.

In addition to the hotel and residences, the Waldorf-Astoria Montreal will feature 15,000 square feet of ballroom and meeting space, signature restaurants, bars and a luxury spa and fitness center.

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