British Columbia · Receivership (court-appointed)
Fourth and Final Report filed March 28, 2023
Court officer report · 28 March 2023
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What we verified from this filing9 verified · 1 withheld
- cash on handnote: Net cash balance per Interim Statement of Cash Receipts and Disbursements · as at: 2023-03-27 · amount: 144702.55 · currency: CAD
- closing confirmedscope: the Property · outcome: completed · effective: 2021-05-13 · purchaser: 1203765 B.C. LTD. · date basis: stated · approval order date: 2021-04-29
- operational summaryThe Receiver took possession of the George Dawson Inn hotel, marketed and sold it via a competitive bid process (completed May 13, 2021), paid out the secured creditor, and is now winding up remaining administrative matters including tax filings and a life insurance policy issue before seeking discharge.
- process resultsnote: Listing proposals solicited from seven commercial realtors; four LOIs described in narrative (0715980, Holloway Lodging, Max Explore, Laudisio). · solicited: 7
- professional feesnote: Includes fees $472,803.65, disbursements $12,517.44, GST $24,265.06; other professionals: Owen Bird $94,528.18 (June 20, 2020-Oct 31, 2022), Peterson Stark Scott $1,076.96 (Nov 20, 2020-Apr 24, 2022) · party: D. Manning & Associates Inc. (Receiver) · amount: 509586.15 · period: April 16, 2020 to March 27, 2023 · currency: CAD
- purchaser1203765 B.C. LTD.
- report date27 March 2023
- sale advisorCBRE Limited
- sale outcometext: The sale of the Property to 1203765 completed on May 13, 2021. · scope: whole_business · status: closed
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.