Living Beachside Development Limited Partnership, Sunny Beach Motel Inc., Port Capital Farms (Beach) Inc., PortLiving Farms (3624 Parkview) Investments Inc., PortLiving Farms (3688 Parkview) Investments Inc. and PortLiving Farms (3648 Parkview) Investments Inc. Beachside Motel, Sunny Beach Motel and Waterfront Inn
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- S229506
Living Beachside Development Limited Partnership, together with Sunny Beach Motel Inc., Port Capital Farms (Beach) Inc. and three PortLiving Farms Parkview investment companies, has been under court-appointed receivership since January 30, 2023, when the Supreme Court of British Columbia appointed MNP Ltd. as receiver and manager on the application of 1351486 B.C. Ltd. under BIA s. 243 and provincial Judicature Act authority, court file S229506. The receivership covers the Beachside Motel, Sunny Beach Motel and Waterfront Inn. As at March 1, 2023, secured debt of Portliving Farms (3648 Parkview) Investments Inc. and Sunny Beach Motel Inc. totalled $10,827,000, comprising $6,500,000 owed to 1341550 B.C. Ltd. and $4,300,000 to 1351486 B.C. Ltd., each on mortgage and general security, plus $27,000 in City of Penticton property taxes. Assets of those two companies were described as a 22-unit motel, with estimated realization unknown. The companies did not provide a list of unsecured creditors; the receiver compiled an estimate from limited information as at March 6, 2023.
A claims procedure has been established — see the order for deadlines.
The court granted a reverse vesting order in favour of 1351486 B.C. LTD.
Source: Order made After Application (Approval and Reverse Vesting Order)
The court granted an approval and vesting order for the sale to 1351486 B.C. LTD. Closing terms, as extracted: Vacant possession delivered at noon on Closing Date; Receiver may extend Closing Date with Purchaser's consent.
Source: Order made After Application (Approval and Vesting Order)
The officer filed report no. Receiver's First Report to Court. The Receiver has continued operating the three Penticton motels since taking possession in March 2023, retaining staff and managing day-to-day operations, while running a sales process that culminated in an accepted offer to sell the properties via a reverse vesting order.
Receivership order made, commencing court-appointed receivership proceedings over the six named debtor entities and the Beachside Motel, Sunny Beach Motel and Waterfront Inn.
Source: Receivership Order
Response to Petition to the Court filed December 15, 2022 — Application / notice of application
Debtor
Living Beachside Development Limited Partnership, Sunny Beach Motel Inc., Port Capital Farms (Beach) Inc., PortLiving Farms (3624 Parkview) Investments Inc., PortLiving Farms (3688 Parkview) Investments Inc. and PortLiving Farms (3648 Parkview) Investments Inc. Beachside Motel, Sunny Beach Motel and Waterfront Inn
Receiver
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | 1341550 B.C. Ltd.Mortgage and GSA — Amount stated in $000's; scaled accordingly — debtor: Portliving Farms (3648 Parkview) Investments Inc. / Sunny Beach Motel Inc. · as of 1 Mar 2023 | $6.5M | Form 87 for 3648 Parkview |
| Secured | |||
| Secured |
2 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansApproval pending — Receiver accepted highest offer from 486 BC Ltd. for the Properties, subject to Court approvalFirst Report of Receiver to Court · 29 Sep 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1351486 B.C. LTD.the Purchased Assets · asset sale · ResidualCo: Sunny Beach Motel Inc. · agreement 1 Sep 2023 | Subscribers | Approved26 Oct 2023 | Order made After Application (Approval and… |
As at ·
Cumulative receipts
$1.68M
As at 15 Sep 2023First Report of Receiver to Court
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Memorandum of Argument of the Applicant | PDF · Subscribers | |
| Notice of Application - Court of Appeal | PDF · Subscribers | |
Order made After Application (Approval and Reverse Vesting Order)
| PDF · Subscribers | |
Order made After Application (Approval and Vesting Order)
| PDF · Subscribers | |
| Application Response of 1351486 BC Ltd | PDF · Subscribers | |
| Application Response of the Province of British Columbia | PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
First Report of Receiver to Court
| PDF · Subscribers | |
| Form 87 for 3624 Parkview | PDF · Subscribers | |
Form 87 for 3648 Parkview
| PDF · Subscribers | |
| Form 87 for 3688 Parkview | PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Affidavit #1 of R. Cheung | PDF · Subscribers | |
| Affidavit #1 of R. Nguinambaye | PDF · Subscribers | |
| Response to Petition to the Court filed December 15, 2022 | PDF · Subscribers | |
| Affidavit #2 of L. Pretty | PDF · Subscribers | |
Petition to the Court - 1351486 B.C. Ltd.
| PDF · Subscribers | |
| Book of Authorities | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Living Beachside Development Limited Partnership, Sunny Beach Motel Inc., Port Capital Farms (Beach) Inc., PortLiving Farms (3624 Parkview) Investments Inc., PortLiving Farms (3688 Parkview) Investments Inc. and PortLiving Farms (3648 Parkview) Investments Inc. Beachside Motel, Sunny Beach Motel and Waterfront Inn” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/portliving-farms-penticton-motels