Financing for the Josie Hotel is now complete.

William Cole Company completes financing for Josie Hotel

Spencer Clements, president of the William Cole Company, confirmed Tuesday that his company has completed financing for the Josie Hotel.

Financing for the Josie Hotel at Red Mountain is now complete.

Spencer Clements, president of the William Cole Company, confirmed Tuesday that his company “has all the funding we need to complete the hotel.”

Construction is expected to resume in approximately three weeks. “We’re talking to Greyback [Construction] right now and the email I just got back from them is it’s probably in the next week three weeks or so we should be back underway, but it could be two, it could be four,” said Clements.

Visitors to Red may notice that the crane remains inactive. It’s not expected to be needed again until closer to March, but will remain on site. “The latest information we have is that crane is going to stay on site, but the work we’re going to be doing here in the immediate near future doesn’t require a crane,” said Clements. “They’re going to be working on the ground floor levels and things like that, underneath the concrete podium that we’ve already poured.”

Construction on the Josie Hotel is still expected to be complete in time for the opening of the 2017-18 ski season. The hotel will have 106 rooms, a restaurant, bar, conference and meeting rooms, a large deck and a spa that will include an outdoor pool. “I think the one thing that I would like your readers to know is that this is not just a ski hotel,” said Clements. “This is the region’s hotel. This is a product that we think that the region’s going to really find attractive and really fall in love with. There’s going to be good meeting spaces and a restaurant and things to do. We think it’s going to be a wonderful addition to an already wonderful community.”


Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Prominent Slocan Valley environmental activist dies

Marilyn Burgoon was ‘tough and determined’

UPDATED: Man dies in backcountry near Whitewater Ski Resort

The victim was found unresponsive in a tree well Friday

Ktunaxa, supporters celebrate protection of Qat’muk and the Jumbo valley

Speeches, acknowledgements and ceremonies mark an emotional gathering in Cranbrook

Jumbo Valley to be protected, ending decades-long dispute over proposed ski resort

Development rights permanently retired for site of proposed year-round ski resort west of Invermere

VIDEO: Soldiers trade rifles for snow shovels to help dig out St. John’s

A state of emergency is set to extend into a fifth day

Warm ‘blob’ could be behind mass starvation of North Pacific seabirds: study

Unprecedented death toll raises red flag for North American marine ecosystems

ICBC to bring in ranking system for collision, glass repair shops

Change comes after the much-maligned auto insurer has faced criticism for sky-high premiums

‘It was just so fast’: B.C. teen recalls 150-metre fall down Oregon mountain

Surrey’s Gurbaz Singh broke his leg on Mount Hood on Dec. 30

B.C. woman crowned the fastest female marathon runner in Canadian history

Malindi Elmore ran an incredible 2:24:50 at the Houston Marathon

Alberta bulldog breeder ordered to refund B.C. buyer over puppy’s behaviour

Tribunal ruled a verbal agreement to send a new dog superseded the written contract

Cariboo Memorial Hospital on the mend after cold weather wreaks havoc

Burst pipes and water leaks cause three different incidents

Dog reunited with Tofino owner, months after being taken from beach

Shannon Boothman ‘ecstatic’ at pet’s return after a tip leads to social media search

Most Read