The Northwoods Inn in Fort St. John has been sold.
Haab Homes led a group of local investors who bought the hotel and property in a court-ordered sale on Nov. 26, said Mike Buburuz of Century 21, who represented the buyers.
Terms of the sale and purchase price weren't disclosed. The deal is tentatively set to close on Dec. 11.
Haab Homes plans to demolish the building in the new year before putting the 4.5-acre property back up for sale and redevelopment, Buburuz said. The land may be sold whole, or be subdivided into individual lots, depending on market interest, Buburuz said.
Haab Homes has recently built the new Century 21 offices on 100 Avenue, and was lead contractor on the Olio's Pizzeria renovation. The company hopes to see similiar redevelopment on the Northwoods property, Buburuz said.
"They're looking forward to hopefully doing the same thing and putting something nice there, and continuing their efforts," Buburuz said.
The hotel will be closed by the end of the year, and Cheers Pub has announced it will close Dec. 22. Pub officials weren't immediately available for comment Monday morning.
Demolition is slated for mid-January.
The Northwoods, built in the late 1970s, was listed for sale at $2.6 million.
Email Managing Editor Matt Preprost at email@example.com.