$602,381,000,000

he project developer owns 136 acres of oceanfront land in one of British Columbia's West Coast inlets. A luxury mountain and oceanfront resort destination will be developed on the parcel. The resort hotel will include restaurants, lounges, boutique retail, spas, and fitness centres, as well as other commercial facilities. They plan to build luxury residences around the resort and their marina slips, which will be sold and then rented by the hotel resort on behalf of its owners to generate a split revenue income.All necessary entitlements and zoning permits have been obtained and approved by both the local and federal governments, awaiting the detailed design of the project. The projected revenue from the sale of villas and marina slips, managed by an experienced international brand operator, is expected to offset the $181 million total cost of the project, leaving a net profit of $25 million annually. Additionally, the project developer has the opportunity to acquire government-owned mountain oceanfront land adjacent to the current project for future commercial ventures. Click at the link below to explore this project further, by accessing the executive summary.