2a. West Bay Hotel, Port Alberni

i) Purchased in 2009 - distressed market conditions

Benevolent Reasons not BUSINESS REASONS - Limited downside (???) 

DUBIOUS COMMERCIAL REAL ESTATE ADVICE 

DISTRESSED OPERATION - GLORY DAYS TWO DECADES AGO

100% monies from MYSELF and MY EX-WIFE (BOTH SILENT in the BUSINESS) 

HUGE CHALLENGES due to DOMAIN INEXPERIENCE - (one partner OUT)

EXPENSIVE REBUILD and OVERRUNS

REBRANDING and EXORCISING THE WEST BAY

FIRE in MAR 2011.  

 

2b. Sproat Lake Landing

ii) Fresh Canvas - insurance proceeds had to be spent on 'similar' operation

REOPENED LIQUOR STORE and CONVENIENCE IN TRAILER (exist?)

ENGAGED TOP RESORT CONSULTANT - JacKSON HOLE, WY 

BUD DESCRIBED SPROAT LAKE - "ONE OF THE MOSt BEAUTIFUL AND BEST PRISTINE OPPORTUNITIES HE HAS EVER SEEN"

BUILD A 4 STAR FACILity aS A WORLD CLASS DESTINATION WITH HOSPITALITY SERVICES FOR THE ALBERNI VALLEY, create a hamlet at our INTERSECTION 

$4M and 4 years later we opened DRINKWATERS, RESORT HOTEL, DELLAS CAFE in SuMMER 2015

VERY SUCCESSFUL LAUNCH AT CHAMBER AWARDS and OPENING

RAPID DECAY DUE to NEpotism, Ethical ISSUES and DIFFERENCE IN BUSINESS STRATEGY

DecEMBER 2015- SINGLE OWNER (TWO PARTNERS OUT)

HIRED DOMAIN EXPERIENCE TO REMEDY OPERATIONAL DEFICIENCIES - INVESTMENT

EXCELLENT JOB - VERY GOOD SUMMER, STRONG FALL SEASON,

CONSISTENT QUALITY IN PRODUCTS AND SERVICES,

EMERGING BRAND - SPROAT LAKE LANDING, DRINKWATERS and DELLAS