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First phase of MaraHills Resort auction sells fast, raises millions - Salmon Arm News
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MaraHills development to auction off first 100 RV lots in Sicamous - Salmon Arm News
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PintoWest Properties Inc. Completes Purchase of Development Property
Kelowna, British Columbia (Newsfile Corp. - June 23, 2021) - PintoWest Properties Inc. PintoWest announces that it has closed the transaction referred to in the news release of April 23, 2021.
PintoWest closed the acquisition of a premier 264-acre property that includes a marina, 18-hole golf course and development property of up to 1,000 lots, presently known as Hyde Mountain Golf Resort, located on Mara Lake in Sicamous, BC. The closing and possession was June 15, 2021. Debt of $5.3m was arranged with directors of PintoWest directly lending or facilitating the money to the Company. There is no debt on the property. Several million additional dollars will be required soon for the initial construction and marketing. These financial requirements will be discussed by the board at the next board meeting.