Mountainside Lodge in Whistler is for sale.
The 42-unit property at 4417 Sundial Place features shared amenities including an outdoor swimming pool and hot tub, underground parking, storage facilities, a gym and laundry. The , with a mix of studios, one- and two-bedroom units. The site can have up to eight storeys and is zoned for tourist accommodation.
According to Avison Young, a commercial real estate advisor responsible for managing the sales process for BDO Canada Limited, the last time a hotel went up for sale in Whistler was 2016.
“This is truly a rare opportunity to own in the heart of the Whistler Village, steps away from Whistler Blackcomb, North America’s largest ski resort,” said Avison Young VP and Canadian Hospitality Lead Curtis Gallagher, in a press release. “A potential owner will recognize the immediate investment opportunities, with significant revenue potential in such a vibrant, thriving setting that attracts tourists from around the world year-round.”
The transaction is being managed through a court-ordered sale and investment solicitation process, which occurs in two phases.
In Phase 1, applicants must meet certain requirements prior to submitting a non-binding bid by March 25. The minimum bid is $12,180,000.
If bidders make it past the first round, they will receive an invitation to partake in Phase 2, with binding bids due on April 25. If there are multiple bids considered, sale through auction is required by May 7, and closing is scheduled for May 29.
“We are honoured to manage this sales process for BDO Canada Limited to secure the best buyer possible for this rare opportunity in one of the most incredible hospitality markets Canada has to offer,” said Bijan Lalji, senior associate with Avison Young. “We encourage investors to bring strong offers forward by March 25, 2025 if they’d like to be a part of this highly desirable tourism landscape in Whistler.”
