OLIVER, BC, December 17, 2009 — In late November members of the Osoyoos Indian Band resoundingly voted in favour of moving ahead with the development of Canyon Desert Golf Resort, a new fractional and whole-ownership resort community on Band lands in the Oliver area of British Columbia, CA. 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 Ltd.
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.
Jessica Harcombe Fleming
Bellstar Hotels & Resorts