Boutique Versante Hotel In Richmond Put Up For Sale Over $80M Debt

​The Versante Hotel sits at 8499 Bridgeport Road in Richmond, near YVR, and has been made available for purchase via private sale., which describes itself as Richmond's "only luxury boutique hotel," has been made available for purchase via a court-ordered sales process, according to filings in the Supreme Court of British Columbia obtained by STOREYS.

On February 29, 2024, the Supreme Court granted an order nisi that confirmed the total amount owed by the debtors at $79,658,326.01, with interest accumulating at high rates. The redemption date — the date by which the debtors can pay the outstanding amount to halt the foreclosure proceedings — was also set at August 29, 2024.

It's unclear why there is such a big price gap, but hotel properties in Metro Vancouver are increasing in appeal due to the region's"We want to reassure our esteemed guests and clients that these occurrences do not affect or interrupt the hotel's very successful operations," a spokesperson said in a statement provided to STOREYS. "Versante Hotel remains fully operational and remains steadfast in delivering exceptional service.

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