The Freehouse Collective (formerly Donnelly Group), which owns or has a controlling interest in 11 hospitality establishments in Vancouver, is seeking creditor protection. realestatenews commercialrealestate Vancouver
, formerly known as the Donnelly Group, which owns various pubs and restaurants around Vancouver and Toronto, has filed for creditor protection under the, according to Supreme Court of British Columbia documents obtained by STOREYS.
According to the petition, all of the hospitality establishments owned and operated by Donnelly Group in Vancouver were shut down in March 2020 as a result of the COVID-19 pandemic. The establishments gradually re-opened throughout 2020, 2021, and 2022, with operations improving in Spring 2022. Donnelly Group’s primary secured lender is the Bank of Montreal , who “has been supportive” of the company amidst its struggles, including agreeing to multiple forbearances — temporary postponements of loan payments — and interest-only payments on their obligations.
Additionally, Donnelly Group is “currently in default of their obligations to BMO pursuant to the 2023 Forbearance or will soon be in default of the obligations to the 2023 Forebearance and will be vulnerable to demand by BMO should BMO choose to do so.” Donnelly Group currently employes approximately 750 full-time and part-time employees across its hospitality establishments, 40 full-time and part-time employees at Bomber Brewing, and 25 employees across its barber-related businesses.
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