Kelowna’s Manteo Resort sold

Manteo Resort has been sold and will now join the Kelowna based hotel group that currently owns and operates the Four Points

  • Mar. 1, 2016 4:00 p.m.

Manteo Resort has been sold and will now join the Kelowna based hotel group that currently owns and operates the Four Points by Sheraton Kelowna Airport and the Hotel Eldorado.

Adrian Block, CEO and president of The Rykon Group, and Ted Callahan, president and CEO of Argus Properties Ltd,  announced the change in ownership for Manteo Resort, which came into effecy Tuesday March 1.

In a press release from Argus, they say Manteo Resort has held proud local ownership since 1996 and both parties are committed to ensuring this important legacy lives on.  The natural congruence of Manteo Resort and the historic Hotel Eldorado will offer guests a broader range of amenities that their shared 1,000 ft. lakefront boardwalk and beach provides while maintaining their individual identities.

“The prospect of selling Manteo Resort was not an easy process,” said Adrian Block, in the release.  “I am thrilled, however, to pass it on to a group that I know will ensure its continued success for our guests, long-term colleagues and the hotel itself.”

The sale includes the hotel operation and assets but does not include the Villas or the Manteo Beach Club which will be run jointly between the two organizations.

“We feel very fortunate to have this opportunity that may only come along once in a generation,” said Ted Callahan.  “Manteo Resort is a great asset to Kelowna and, in harmony with the Hotel Eldorado, we are honoured to be able to showcase these lakeside destinations both within our community and to international visitors.”

The agreement provides for the continued employment of all employees and recognizes their tenure.  The employees will benefit from broader growth opportunities in joining the Argus Hospitality Group with a current portfolio of hotels that locally includes Manteo Resort, Hotel Eldorado, and Four Points by Sheraton Kelowna Airport.

 

Just Posted

West Kelowna fire under control

A fire broke out just above Bear Creek Provincial Park Monday

Kelowna Boat Show highlights abandoned boat program

The 24th annual Kelowna Boat Show hits shores April 27 and 28.

Kelowna’s Korczak, Canada en route to U18 quarter-finals

Kaedan Korczak and Team Canada play Latvia Thursday

‘Cutthroat’ sport of wine tasting happening now in the Okanagan

BC Tasting Games are underway with competitions in three Okanagan communities.

Kelowna pimp faces 4 year sentence

In court the details of how Simon Rypiak lured 4 women into prostitution revealed

VIDEO: Okanagan fire victim Amy Hansen speaks out on the loss of her four pets

A gofundme page has been started for Hansen, with $1,140 raised of a $5000 goal to help her rebuild

SPCA investigating hen cull at Shuswap egg farm

Egg farm regulator says they are confident cull at was done properly

Okanagan Rail Trail a popular place

Thousands pack North Okanagan section over long weekend

B.C. men challenge constitutionality of Canada’s secret no-fly list

Parvkar Singh Dulai says he received a “denial of boarding” notification under the no-fly program last May 17

Murder on B.C. property didn’t need to be disclosed before sale, court rules

Buyer had tried to break contract after learning a man with ties to crime had been murdered there

B.C.’s largest Vaisakhi festival target of threatening Facebook post: Surrey RCMP

Police say they are investigating the posts on Facebook, after local MLA forwarded screenshots

Pug life: B.C. town boasts waggish list of dog names

Freedom-of-information request lists most ‘pupular’ dog names registered in White Rock

Organ donation push on as Okanagan officer fights for life

Those interested in becoming an donor should visit taketwominutes.ca to sign up

VIDEO: Fish farming company launches $30-million vessel to treat salmon for sea lice in B.C. waters

Freshwater treatment an improvement but fish farms should be removed from sea, says conservationist

Most Read