Repeat Post as of 2014: Lake Okanagan Resort sold to buyer from China

Lake Okanagan Resort sold to buyer from China

By Blaine Gaffne

Updtaed Price: 14.5 Million

KELOWNA – The Okanagan could see an influx of Chinese Tourists now that a major lakefront resort has a new owner.

The Lake Okanagan Resort north of Kelowna has been sold to a buyer from mainland China.

The asking price was $10.1 million but the sale price was kept private.

The listing realtor says the new owner is connected to a large tourism organization in China and he understands the resort will cater to members of that club as well as the general public.

A resort spokesperson says there are plans for major improvements to the 250 acre facility over the next four years, turning it from a three star to five star operation.

Those improvements could include upgrades to the narrow and winding Westside Road.

The resort currently boasts 5000 feet of lakeshore and a marina, 217 accommodation units and a small golf course.

The previous owner was Calgary based Northwynd Resort Properties

 

Escape to Lake Okanagan Resort

... Kelowna's "True Destination" Resort ...

Welcome to Lake Okanagan Resort. Experience 300 acres of mountainside parkland along the west shore of Okanagan Lake, boasting a vacation destination for families, retreats, meetings, weddings, and romantic getaways. Lake Okanagan Resort, a four season vacation experience and is just 20 minutes away from downtown Kelowna, British Columbia, Canada.

Experience year-round outdoor adventure at Lake Okanagan Resort and the surrounding valley.  The Okanagan Valley is home to 17 premier golf courses, 100 wineries, hiking, biking, skiing and endless water sports.

Lake Okanagan Resort boasts outstanding views with 125 guest rooms - all with kitchen facilities, a 9 hole executive par 3 golf course, 2 lit tennis courts, hot-tubs, outdoor pools (seasonal), BBQ areas, Vantage Pointe Restaurant & Lounge, Beyond Wrapture Spa, a new marina, resort store, beach weddings, as well as meeting and banquet facilities.

Picture yourself on a wonderful lakeside holiday with your family, or cuddled up for a tranquil get-away with someone special. Unwind on the golf course or in a hot-tub after a business meeting. Celebrate the wedding of your dreams overlooking the beauty of the lake, mountains and valley in one of Canada's premier destinations.

*Lake Okanagan Resort is excited to announce the re-opening of the Vantage Pointe Restaurant & Lounge on Sunday May 11, 2014  for our Annual Mother's Day Brunch! Regular restaurant hours will then continue per Wednesday to Sunday for Lunch and Dinner. At this time, we would also like to welcome our new Food & Beverage Team including World Famous Chef Dean to the resort. To make a reservation for this almost sold out brunch please contact 250.769.3511. We look forward to welcoming you and your family to Lake Okanagan Resort!