A luxury boutique hotel in the Bridgeport neighbourhood has been put up for a court-ordered sale after its owners defaulted on an $80-million loan.
Last week, one of the hotel's restaurants, Acre Through the Seasons, announced its closure just one year after opening. "Our unwavering dedication to providing outstanding hospitality to both our hotel and restaurant patrons remains our foremost focus." Some loan repayments were made throughout 2023 and the parties entered into a forbearance agreement in 2023 following a default on the loan, but the debtors ultimately defaulted on the loan again after two extensions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boutique Versante Hotel In Richmond Put Up For Sale Over $80M DebtHoward is a Staff Writer based in Burnaby who covers real estate and commercial real estate, with a focus on housing policy and the development industry.
Source: storeyspub - 🏆 16. / 74 Read more »
Richmond man scores $58M in B.C.'s first Gold Ball jackpot lotto winWhen he told his parents about his win, they asked him if it was a scam, said B.C.’s newest multimillionaire Hao Ping Chung.
Source: timescolonist - 🏆 15. / 75 Read more »
Richmond man scores $58M in B.C.'s first Gold Ball jackpot lotto winExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Richmond man scores $58M in B.C.'s first Gold Ball jackpot lotto winExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Richardson scores 25 as Duke rallies in second half to beat RichmondReigan Richardson scored 25 points and had seven rebounds as Duke rallied in the second half to overtake Richmond 72-61 in a first-round women's NCAA Tournament game Friday.
Source: TSN_Sports - 🏆 80. / 51 Read more »
Richmond, B.C., councillor calls for federal support, says asylum seekers filling city’s shelter bedsCarol Day says the numbers indicate that refugees are now taking up a third of the limited number of spaces at the Vancouver suburb’s one shelter
Source: globebusiness - 🏆 31. / 66 Read more »