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Old Posted Apr 17, 2024, 8:46 PM
whatnext whatnext is offline
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Join Date: Feb 2009
Location: Vancouver
Posts: 27,541
Quote:
Originally Posted by officedweller View Post
No longer an Opus Hotel...now Versante Hotel

Maybe they should have stuck with Opus rather than the faux Italian pseudo-luxury sounding name.


Court ordered sale of luxury Richmond hotel asks nearly $1M per room
Megan Devlin|

Apr 17 2024

A boutique Richmond hotel that opened three years ago has been listed for sale at the order of a BC court with an asking price of $98 million.

Real estate firm Avison Young has listed the 8499 Bridgeport Road property, publishing a brochure this month featuring pictures of the eclectic bedrooms, chic bathrooms, and outdoor pool area.

“Rare opportunity to acquire a well-appointed, luxury boutique hotel just minutes from Vancouver International Airport,” Avison Young says in the listing.

Court documents reveal that Fox Island Development Ltd. and Advanced Venture Holding Co. Ltd. petitioned the BC Supreme Court in January to declare the mortgage on the Versante Hotel and several other properties in default.

The court documents identify Sunwins Enterprise Ltd. and Mo Yeung (Michael) Ching as operators of the hotel.

Fox Island and Advanced Venture Holding told the court they were owed nearly $79 million in connection with a loan for the hotel....


https://dailyhive.com/vancouver/versante-hotel-for-sale
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