Aruba Beach
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  1. #1
    Senior Member
    Join Date
    May 2007
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    1,931

    Situation at the Aruban

    I have a question...

    For the owners, if the company goes bankrupt what happens to the units that you own? Do you not own them? Do you have to rebuy them? What happened before this company took over from the bankrupted company with the original owners?

    I guess that is more than one question!
    happiness is going to Aruba with your adult kids because they still want to come with their parents

  2. #2
    Aruba since 1979
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    Andrea J.'s Avatar
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    May 2007
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    maybe marlene/mercedeslady or liz - arubalover can give their thoughts.

    the staff has not been paid there are issues with day to day operations not a good situation indeed is it "game over?".......gosh i hope not.

  3. #3
    Senior Member Bill's Avatar
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    Aug 2007
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    Any beach, party, bar or Casino!!!!!!
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    1,093
    Glad I bought last year

  4. #4
    Member
    Join Date
    Nov 2007
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    58
    Folks: I can answer some but not sure on all....The Govt had overseen the operation prior to KL buying the resort and believe it or not the resort ran like a fine tuned engine. Of course Humphrey was the GM there for quite some time until he became very ill and passed away, and he was certainly an asset to the resort as well as a friend to many. The Aruban is a CO-OP and it is my understanding that if the Aruban was sold, went bankrupt, or ???? and whoever buys/takes it over,.... we would still own our weeks....... Of course this is what was explained to me quite some time ago....... I own some weeks of a 3 bedroom condo and also a 2 bedroom so like anyone I am concerned. It is a shame as the economy is so horrible all over the world and it has had it's effect on the Aruban and business in general on the island. I hope for all that the resort succeeds and becomes the resort it once was......
    Take Care & Happy Holidays to all.....

  5. #5
    Aruba since 1979
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    Andrea J.'s Avatar
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    May 2007
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    29,921
    thanks marlene!!

    andrea

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