The Bear Mountain sale process is officially underway. A court-ordered bidding process for the resort’s key lands and operations will begin Tuesday, opening the door to new investors. This comes after ongoing financial problems led to receivership for the parent company.
Bear Mountain, located in Langford, has been at the center of a legal and financial dispute for months. The B.C. Supreme Court approved a sale and investment solicitation process on July 15. This allows potential buyers to place bids on the resort’s properties and business units. These include its popular golf courses, tennis facilities, and other development lands. However, the Westin Bear Mountain Resort & Spa is not part of the sale. It continues to operate as usual and is unaffected by the legal case.
The court has appointed Alvarez & Marsal Canada Inc. as the official receiver to manage the process. The company hired real estate firm Colliers to handle the marketing and sales work. The sale will be carried out in multiple steps. Initial non-binding letters of interest must be submitted by September 16. Final offers are due by November 3. Any sale or restructuring plan will need to be reviewed and approved by the court by early December. The target date to close the deal is December 31, 2025.
The receivership dates back to September 2024. It began after a court petition was filed by Sanovest Holdings Ltd., a major creditor. Sanovest claims it is owed more than $62 million by Bear Mountain’s parent company, Ecoasis Developments LLP. According to court records, Sanovest has not received any loan payments since July 2023. In May 2024, the company requested court action, asking for a receiver to take control of the resort’s business and assets.
Court documents also show that Ecoasis was already facing several other financial and legal issues. One of the most pressing matters is a lawsuit from the City of Langford. The city claims Ecoasis owes more than $3 million for upgrades made to Bear Mountain Parkway, a key road leading to the resort.
Despite the ongoing legal proceedings, the core facilities that attract visitors to Bear Mountain—such as the golf and tennis centers—are expected to continue operations throughout the sale process. The intention is to maintain stability for both staff and guests, while potential buyers carry out their evaluations.
The bidding window gives investors the option to bid on individual parts of the development or make a full offer for the entire property portfolio. Analysts say this flexibility may attract a wider range of buyers. Industry watchers believe the location and existing infrastructure make Bear Mountain an attractive investment, even with its recent financial history.
Langford city officials have not commented on the sale process but have expressed hope that a new owner will support long-term development in the area. Bear Mountain has long been seen as a key part of the city’s tourism and real estate growth.
This court-approved process gives Ecoasis a final chance to recover value from its once-ambitious resort project. For potential buyers, it offers a rare opportunity to acquire prime real estate and facilities in one of Vancouver Island’s most scenic locations.
As the deadline approaches, all eyes will be on how the Bear Mountain sale process unfolds—and what it means for the future of the resort and the wider Langford community.
