On November 29, 2021, The Bowra Group Inc. was appointed Receiver and Manager of the assets, undertakings and property of Portliving Farms (3624 Parkview) Investments Inc., Living Beachside Development Limited Partnership, Portliving Farms (3648 Parkview) Investments Inc., Sunny Beach Motel Inc. and Portliving Farms (3688 Parkview) Investments Inc. (collectively the “Companies”) pursuant to an Order of the Supreme Court of British Columbia.
The Companies own and operate 3 motels in Penticton, B.C., known as:
Sunny Beach Motel; and,
On February 8, 2022 the Court granted an Order expanding the Receiver’s powers to market and sell the property of the Companies effective February 18, 2022.
On March 16, 2022 the Companies refinanced their mortgages. A term of the refinancing is that the Receiver be discharged. The Bowra Group Inc. was discharged as Receiver of the Companies on March 23, 2022.
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