As renovations on Sooke Harbour House near completion, the owners have put the waterfront property on the market.IAG Enterprises, a North Vancouver-based real estate investment and holding company, bought the two-storey hotel for $5.6 million in a court-ordered sale in 2020.
Watson said he expects the work, both internal and external, to be complete by year’s end. “I think we have done an amazing job of bringing it back to its former glory,” he said.Watson, who had originally hoped to reopen the hotel in 2021, would not disclose how much has been spent on renovations. A B.C. Supreme Court order approved the sale of the 2.5-acre waterfront site for $5.632 million in 2020 after foreclosure actions were launched.
In the fall of 2020, the Philips were awarded about $4 million in damages by a B.C. Supreme Court judge over a failed share-purchase agreement.