Manning Park ski resort sold for undisclosed amount

The Manning Park ski resort has been sold after the company that owned it went into receivership four years ago and was forced to close.

The new owners Kevin and Donna Demers announced Friday their company Sunshine Valley RV Resorts and Cabins Inc. has purchased the popular park and ski resort, located east of Hope in the Cascade Mountains.

The facility was to close on April 1, after a heavy debt load and a poor ski season a few years ago forced the resort, owned by Gibson Pass Resort, into receivership in 2009.

The resorts and facility will continue to operate as Manning Park Resort and the new owners plan to reopen soon, the Demers said, in a news release.

“We are confident and committed to rebuilding the customer service that compliments and respects the values of BC Parks” said Kevin Demers, in the release.

”Our management team is looking forward to bringing the resort back to a higher standard of service and facilities that has fostered wonderful memories for generations.”

Leading the team will be Mike Barker, who has a 28 year history of being involved with Manning Park and the resort, he said.

Several years ago, the resort lost some of the campgrounds it managed as a result of a dispute with the provincial government, and that had a significant negative impact on revenues.

David Bowra, president of the Bowra Group, the receiver-manager, told The Vancouver Sun last month that the report makes money and that he felt the revenues could support a hands-on family run ownership.

The resort, which operates on a provincial lease, generates $5 million to $5.5 million in revenues annually and is profitable during summer and winter, but not the shoulder seasons, he said.

The maintenance of 10 campgrounds, both in Manning and the Similkameen area, generates about $850,000 in seasonal revenue and is important to the viability of the resort operation. Operating costs are $600,000 to $650,000.

The resort’s campground agreement with the province expires in October and the province is putting the contract out to public bid.

The resort had been operated for several years by Gibson Pass Resort, a company owned by the Bowen family. Bowra said the family made the mistake of spending “close to $2 million” on the heated pool, an excessive expenditure based on revenues.