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A foreclosure action has been launched against the celebrated Sooke Harbour House by the Business Development Bank of Canada.
The bank states in court documents that it is owed $2.9 million on a 1997 mortgage for the two properties making up Frederique and Sinclair Philip’s picturesque waterfront hotel and restaurant at 1528 Whiffen Spit Rd.
No hearing date has been set.
The property’s total value is $3 million, the bank said in documents filed this week in the Supreme Court of B.C.
Sooke Harbour House is continuing to operate. A hotel spokesman could not be reached on Thursday.
Frank Bourree, tourism consultant and principal at Victoria’s Chemistry Consulting, said: “Frederique and Sinclair are wonderful people and great operators. It is a world-class facility.” The Philips are “major contributors to the social fabric of Sooke and the tourism industry,” Bourree said.
Both the recession and tougher enforcement on drinking-and- driving rules have affected the hospitality sector, said Bourree, who has done work for the Philips in the past.
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