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Humber Valley Resort Sold Out of Receivership

It didn’t get much notice outside of Newfoundland, but one of the best courses to be built in recent memory has come out of receivership.

Doug Carrick’s Humber Valley Resort, which only stayed open for three seasons before running into financial woes, has been sold to a group from the province (from the Western Star):

Chalet owner Phil Cleary is encouraged by his initial assessment of the new possessors of Humber Valley Resort.

Friday, it was revealed that a consortium of local companies purchased the assets which have remained dormant since the December 2008 bankruptcy.

Cleary, who returned to his home province in 2003 to live at the resort, sees the announcement as a positive one.

I am very, very excited about it, he said. This is positive. This dark cloud is finally gone.
Noton Enterprises Limited, 61839 Newfoundland and Labrador Limited (a numbered company), and Oke Consultants Limited are the identified members of the partnership, which intends to operate and manage the resort under a new corporate entity ” Humber Valley Resort Corporation (2010).

At a press announcement at the resort Friday, Katie Watton said she is the public relations director, Gary Oke is the managing director of operations, and her husband Graham Watton is the general counsel.

It was said there are other partners involved, but nobody else was identified, and Watton said he was only involved in looking after all corporate and legal affairs.

Our goal is to get the resort and golf course back into operation and further develop and promote the resort as a four-season destination and an upscale residential community, Katie said.

To do so, she said, they will be focusing on making what already exists work properly. While not abandoning the resort concept, they will be seeking a balance of permanent and seasonal residents to avoid down periods.

The assets available at the resort, which filed for bankruptcy in December 2008, include the golf course, clubhouse, administrative buildings, the bridge crossing the Humber River, roads and underground infrastructure. Neither Graham or Oke would comment on the specifics of the dollar amount of investment they made and Katie didnt refer to it in her statement.

Thats our personal business, Oke said. Its been on the market for 18 months and we negotiated what we thought was a reasonable deal, and the receiver was obviously happy too.

When Oke took over management of the golf course at the resort last summer, he said he fell in love with it.

This is really good news for Newfoundland, as this was their highest profile course by a wide margin. Also good news for Carrick, considering this was one of his best — some might even argue it is his best — and for those golfers with the smarts to go and seek this one out.

My review of the course is here.

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Robert Thompson

A bestselling author and award-winning columnist, Robert Thompson has been writing about business and sports, and particularly golf, for almost two decades. His reporting and commentary on golf has appeared in Golf Magazine, the Globe and Mail, T&L Golf and many other media outlets. Currently Robert is a columnist with Global Golf Post, golf analyst for Global News and Shaw Communications, and Senior Writer to ScoreGolf. The Going for the Green blog was launched in 2004.

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