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Sold sign on Lake Ok resort

After over a year on the market, the Lake Okanagan Resort has finally been sold.

The new owner will take over the 74-acre property that has 217 accommodation units and a 30-slip marina.

The resort had fallen into a semi state of disrepair, with reviews on TripAdvisor giving the resort only a 40 per cent rating, based on 177 reviews.

Development at the Lake Okanagan Resort originally began in the late 70’s and was one of the first of its kind in the region.

There have been many infrastructure upgrades over the past five years, including two new condo units and the marina, which has been approved for expansion to 158 slips.

A 9-hole golf course, restaurant, 200 acres of ALR land, and staff housing facilities are also on site.

Specialized Assets, a Vancouver based marking group of real estate services, had a listed price of  $10,150,000.

An employee at the resort would not give information on who bought the resort or any other information about the sale, under directions from the new owner.

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