The long-distance transaction, negotiated by CB Richard Ellis Inc.'s Bill Murney in Phoenix, resulted in the sale of the Canadian resort and spa to Delaware North, which operates hotels at resort and park locations in the US and Canada. Murney tells GlobeSt.com he learned seller Oak Tree Capital, headquartered in Los Angeles, was considering putting the 323-room Harrison Hot Springs Resort on the market while working on another deal for Buffalo, NY-based Delaware North and immediately moved on the information.

"We were fortunate to go in and make an unsolicited offer and reach a settlement," Murney says of the $36-million deal that closed just 75 days after the company signed a letter of intent.

Delaware North paid cash for the four-building resort, located on the shores of Harrison Lake in British Columbia's Fraser Valley. The property, built in 1926, is about two hours by car from Seattle and about 90 minutes from Vancouver. "It's a very cool destination," he says. "It has hot springs, a spa, meeting space and a beach" along with hiking, boating and other outdoor activities.