For about $50 million, B.C.’s Fairmont Hot Springs Resort could be all yours | 24CA News

Fairmont Hot Springs Resort in British Columbia’s East Kootenay is up on the market, with an asking worth that can require a purchaser with some deep pockets.

The 1,200-acre web site within the Rocky Mountains — which options three out of doors swimming pools fed by the most important pure scorching springs in Canada — has been listed by Colliers International. In an interview with CBC, Mark Lester, the actual property firm’s senior vp, indicated a “price range” of $50 million.

Lester mentioned there was curiosity within the property.

In his view, there’s by no means an excellent time or a nasty time to place a property like Fairmont Hot Springs available on the market.

“I see this kind of property as sort of transcending market conditions because of its unique attributes,” he mentioned. “I think that if a property like this comes on the market, it’s going to generate interest and activity simply because of what it is.”

Fairmont features a resort-style lodge, a lodge, cabins and cottages, an RV park, three golf programs, and a ski hill with 14 runs. The web site additionally has near 668 acres of undeveloped land.

Located 108 kilometres north of Cranbrook, B.C., and 145 kilometres west of Calgary, Fairmont Hot Springs Resort was bought by Ken Fowler Enterprises in 2008. Fowler died in February 2017. His son, Doug Fowler, assumed duty for the resort.

Area residents ‘fairly pragmatic’ about sale

Fairmont Hot Springs is a serious employer and financial driver within the area. As a four-season resort, it attracts an estimated 500,000 guests yearly.

Susan Clovechok, an space director and vice chair with the Regional District of East Kootenay, mentioned she hopes the eventual purchaser will probably be “really vested in the community.”

Clovechok mentioned she’s not listening to a lot unfavorable discuss concerning the resort being up on the market.

“A lot of our community members are pretty pragmatic about it,” she mentioned. “It’s like, ‘Let’s worry about that which we can control.’ And who buys it, we can’t [control], but how we work with them, we can.”

CBC has reached out to William Woods, the interim CEO of Fairmont Hot Springs and board chair Steve Giblin.