The Westin Bear Mountain Golf Resort and Spa could be on the market soon.
Owner Ecoasis Developments announced today that it has hired an advisor, JLL, to complete a strategic review of Bear Mountain that could result in a sale or business combination of some or all assets.
B次元官网网址淲e started discussing this strategic review a couple of months ago,B次元官网网址� said David Clarke, EcoasisB次元官网网址� chief financial officer. B次元官网网址淎ny review like this can have any number of different outcomes B次元官网网址� What weB次元官网网址檙e focusing on right now is doing whatB次元官网网址檚 best for the community.B次元官网网址�
While the review is underway there is no estimated timeline for when it may be completed. Clarke noted that as information becomes available through this process it will be made available to residents and the community.
Clarke noted the aim of the review is to outline any potential partnerships or insights that could take the Bear Mountain community from where it is today to the next level. B次元官网网址淭hereB次元官网网址檚 a lot of community to build out and we want to see who the best fit for that would be.B次元官网网址�
The resort and surrounding development spans more than 770 acres on Skirt Mountain in Langford. The community has an existing population of 3,000 residents and that is predicted to grow to roughly 10,000 in the coming years.
B次元官网网址淏ear Mountain represents a rare opportunity to acquire a world class development project of significant scale,B次元官网网址� said Jon Ramscar, JLL senior vice president, in a statement. B次元官网网址淚t represents one of the largest active development opportunities in Canada, with existing zoning and infrastructure in place for immediate development.B次元官网网址�
New clay tennis courts are set to open in the coming weeks, two of the developmentB次元官网网址檚 real estate projects have just sold out their first phases and the second phases for those projects will be available soon. Ecoasis is also preparing to host the PGA Tour Pacific Links Bear Mountain Championship event again in September.
B次元官网网址淎ll of those things weB次元官网网址檝e been doing will continue B次元官网网址� This will just take place in the background,B次元官网网址� Clarke said. B次元官网网址淚tB次元官网网址檚 business as usual.B次元官网网址�
