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 women fatally injured in parking lot collision.

A truck reportedly stuck the woman while crossing the street

Kelowna Gospel Mission serves up Christmas dinner

Volunteers and staff helped serve over 700 guests Saturday

Road woes continue for Rockets, lose in Calgary

The Rockets were defeated 5-1 by the Calgary Hitmen

Yellow Vest movement rallied in Vernon Saturday

Protesters took to the steps of the Vernon courthouse Saturday.

Yellow Vest movement rallied in Vernon Saturday

Protesters took to the steps of the Vernon courthouse Saturday.

Boeser has 2 points as Canucks ground Flyers 5-1

WATCH: Vancouver has little trouble with slumping Philly side

Shuswap tennis club’s indoor facility construction moving at a smooth clip

Volunteer support has been crucial, opening expected in April 2019.

Yellow Vest movement rallied in Vernon Saturday

Protesters took to the steps of the Vernon courthouse Saturday.

Man dies after falling from B.C. bridge

Intoxicated man climbed railing, lost his balance and fell into the water below

B.C. animation team the ‘heart’ of new ‘Spider-Man: Into the Spider-Verse’

The animators, largely based in Vancouver, ultimately came up with a creative technique that is drawing praise

Light at the end of the tunnel for UN climate talks

Meeting in Katowice was meant to finalize how countries report their emissions of greenhouses gases

Janet Jackson, Def Leppard, Nicks join Rock Hall of Fame

Radiohead, the Cure, Roxy Music and the Zombies will also be ushered in at the 34th induction ceremony

Supreme Court affirms privacy rights for Canadians who share a computer

Section 8 of the Charter of Rights and Freedoms protects Canadians against unreasonable search and seizure

Most Read