A new hotel in Fairmont Hot Springs opened this month.
Mountain View Villas is a 104-suite hotel in three of the iconic red-roofed buildings visible from the highway that used to be the hillside portion of Sunchaser Vacation Villas.
Paul Stackhouse is the operations manager at Mountain View Villas. Speaking on behalf of the investors, Mr. Stackhouse says they saw a business opportunity and sealed the deal with the purchase this past spring.
The inverstors, who have opted to remain private, are from Calgary, Edmonton, and Novia Scotia, Mr. Stackhouse reports.
The hotel offers one or two-bedroom suites, each with living room, kitchen, large bathroom and a balcony with views of either the Rocky or Purcell Mountains. The hotel has a pool and splash park, something Mr. Stackhouse anticipates will be a huge draw for vacationing families.
“It is an all-suite hotel, because they have all the amenities, and the kitchens, and a separate bedroom,” describes Mr. Stackhouse. “There’s an opportunity and a need for a traditional type hotel offering.”
The purchase included eight buildings, with a total of 248 units plus the waterpark. While three buildings have been converted for hotel use, five will be turned into condominiums. With timeshares not “as attractive” as they used to be, the investors will be selling the condos off individually, Mr. Stackhouse explains.
Sunchaser Vacation Villas, a timeshare business in Fairmont, has been mired in controversy for years following ongoing grievances between timeshare owners and Sunchaser’s owner, Northwynd Resort Properties Ltd. Mr. Stackhouse says they have had people asking questions about how they are involved with Sunchaser and they are happy to clear up any misconceptions.
“I have spoken to owners who did get stung, and for the most part … they’re happy to see something’s happening,” said Mr. Stackhouse.
Mr. Stackhouse says there is no business relationship between the owners of Sunchaser and Mountain View Villas.
Kirk Wankel, Northwynd chief executive officer, confirms the hillside units were sold in March 2018, and that there is no connection between the two different companies. He says the sale does not affect timeshare owners in the Sunchaser units, because “the court process is concluded,” referring to the legal battles over fees and ownership rights. As for the timeshares, Mr. Wankel says, “We’re continuing renovations now. The smaller resort is financially stable and moving forward.”
Mountain View Villas opened this June. The company’s plan is to close for extensive renovations this October and reopen next spring. The condo renovations are scheduled to start this month, with a sales program and detailed information in the works now. For more information on the condos, email Condos@MountainViewVillas.ca. To learn more about Mountain View Villas, visit http://www.mountainviewvillas.ca/.