British Columbia · Receivership (court-appointed)
Receiver's Second Report filed April 8, 2021
Court officer report · 8 April 2021
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- cash on handnote: Per the Interim Statement of Cash Receipts and Disbursements for the period April 20, 2020 to April 5, 2021 (Schedule D); the statement notes say the figure is before certain payables, taxes, wages, and receiver/legal fees. · as at: 2021-04-05 · amount: 68061.47 · currency: CAD · qualifier: Adjusted Cash Balance
- operational summaryThe Receiver continues to operate the 80-room George Dawson Inn (about 60 rooms per night, recovering from COVID impacts) while marketing it for sale through CBRE. The Receiver has accepted a $2,800,000 offer subject to court approval and a competitive bid process, with the sale approval hearing set for April 29, 2021.
- purchaserMario Laudisio; Max Explore Development Inc.
- report date7 April 2021
- report noSecond Report
- sale advisorCBRE Limited
- sale outcometext: The application to approve the sale of the Hotel is set to be heard in Court on Thursday, April 29, 2021 · scope: whole_business · status: pending_approval