Oliver, BC: November 24, 2009 - Late last week members of the Osoyoos
Indian Band resoundingly voted in favour of moving ahead with the development
of Canyon Desert Golf Resort, a new resort community on Band lands in the
Oliver area. The Land Use Designation Vote had a strong turnout from Band
members eager to cast their vote in favour of economic development in South
Okanagan region.
Experienced developers Bellstar Hotels & Resorts, the Osoyoos Indian
Band Development Corporation and Watermark Asset Management Ltd.
came together in early 2009 to create an exceptional resort community in
this idyllic South Okanagan town of 4,500. They will jointly develop
Canyon Desert Golf Resort, a $150-million destination resort community
in Oliver, British Columbia. Located on NK'MIP Canyon Desert Golf Course
and the shores of Tuc el Nuit Lake, the destination will offer 450 golf
and lakefront condominiums, villas and resort lodge suites along with a
host of mixed amenities.
Chief Clarence Louie notes, �The Osoyoos Indian Band has aspired to
develop the lands adjacent to our golf course since we completed Nk�Mip
Canyon Desert Golf Course in 2000. This will be a very positive development
for the Band, our partners and the region.�
�Bellstar and Watermark worked with the Osoyoos Indian Band to achieve
informed consent among its members,� says Jon Zwickel, Bellstar�s Executive
Vice President. �There are considerable tasks ahead, but this project has
the unique ability to deliver a diverse, exceptionally well-planned, well-priced
offering of waterfront townhomes, golf-front condominiums and hotel suites
in an integrated resort environment.
�With signs of economic recovery on the horizon, real estate sales
could commence in the spring of 2010, with development starting soon after.
The first phase of the development should be completed by the fall of 2011.
For more information on Canyon Desert Golf Resort www.canyondesertresort.com
About Canyon Desert Golf Resort
Canyon Desert Golf Resort will be the first destination resort of its
kind to be built in the Oliver area. The resort community will be developed
on Osoyoos Indian Band lands on the shores of Tuc el Nuit Lake and nestled
between the fairways of Nk�Mip Canyon Desert Golf Club. It will be surrounded
by a 40-acre vineyard, 18-hole golf course, beach club and waterfront amenities,
and will include a full-service spa, a 250-seat conference facility and
other recreation facilities. Showcasing Okanagan wine and cuisine, the
resort will include a restaurant and bar, wine and culinary programs including
a wine cave to be used for private functions, and a vineyard celebration
green for private functions. The Bellstar-managed resort hotel will be
available for nightly-rentals, while condominium and villa owners will
have the option to participate in a vacation rental program. Canyon
Desert will offer attractive pricing in both fractional and whole ownership
opportunities.
About Oliver, British Columbia
Oliver is located in the Southern Okanagan Valley in south-central
British Columbia. Just 25 kilometres north of the USA border, the town
is situated in Canada�s only desert. The mild year-round weather makes
Oliver a popular tourist destination as well as a great place for its 4,500
residents to live. A renowned viniculture centre, Oliver is home to 10%
of Canada's wineries and 20% - 25% of the country�s vineyards, more than
any other town in the country. The town�s internationally trained winemakers
are consistently recognized with awards.
About Bellstar Hotels & Resorts
Bellstar Hotels & Resorts is the leading resort developer and operator
in Western Canada. www.bellstar.ca
About Osoyoos Indian Band Development Corporation (O.I.B.D.C.)
O.I.B.D.C. is a leading business corporation in the South Okanagan
with interests in construction, vineyards, wineries, retail, recreation
and resort tourism opportunities. www.oibdc.ca
About Watermark Asset Management
Watermark Asset Management was established to develop and build signature
resort projects in British Columbia to satisfy the growing demand for both
recreational and retirement properties.
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