A Merritt-area First Nation paid more than $4.5 million to purchase a lakeside resort southwest of Kamloops.
According to a recent post on Western Investor by Landquest Realty Corp., a New Westminster-based brokerage involved in the sale, Tunkwa Lake Resort sold for $4.6 million.
The 18-acre lakefront property, which includes a main lodge, 19 rustic cabins, two luxury cabins, 79 RV sites and a caretaker cabin, had been listed for $4.89 million.
The Lower Nicola Indian Band announced in October that it had purchased the resort, which is located along Tunkwa Lake Road between Logan Lake and Savona.
At the time, the band said the resort’s staff and management was retained as part of the deal.
All Biz Releases Stories