Aruban Resort and Casino Information

[cfacik]

we paid in 6-09 for week 8 at the arubian resort and are in daily e mail with john on their web and although we hope it will reopen by then, that is anyones quess if it will

[Andrea J.]

from john cole's web site www.thearubanforum.com
this post is not very optimistic
john cole's most recent post

Dear members, Today was our day in Court. The outcome was that the hearing would be postponed until Thursday at 3 P.M. The then judge would not rule on the case until Wednesday January 13. Intervention was allowed by Wells Fargo Bank who acts on behalf of the bondholders.

My opinion is although they understood the management company was willing to come in until a General Meeting was held, they did not see the wisdom in opening the resort. They felt that a minimum of security could be kept to maintain the resort.

In all honesty, I do not see an immediate solution unless the Government of Aruba steps in along with Aruba Investment Bank. There is a meeting tomorrow with the curators our lawyer and the lawyer of Wells Fargo. In the afternoon, there will be a meeting between this group the minister and AIB bank.

At 8:30 A.M. I have been requested to meet with Minister Oduber and his assistant. I feel that if no solution comes from these meetings tomorrow, it is reasonable to assume, that the resort most likely will be maintained only to the point to protect the grounds until it is sold.

We will see if there is a positive reaction tomorrow, but at best the resort would not open fo at least a couple of weeks. I will try to pursuade the Minister to pave the way for AIB to assist. The curators although are capable Attorneys, I sense they do not have the knowledge of a timeshare operation.

I wish I had better news, but my hopes are now diminished. I will fight until I feel it is of no longer beneficial to do so.

[purpleangel]

How sad!

[Hrapp30]

Fellow Timeshare Owners,

Can anyone out there provide any update info regarding the Aruban Resort & Casino situation. Resort Funding LLC has not been provided any information regarding the resort going into bankruptcy.

[Arubalisa]

latest Aruban resort update
http://www.aruba.com/forum/f7/latest-aruban-resort-update-42913/

Originally Posted by Hrapp30

Fellow Timeshare Owners,

Can anyone out there provide any update info regarding the Aruban Resort & Casino situation. Resort Funding LLC has not been provided any information regarding the resort going into bankruptcy.

[Andrea J.]

Post subject: News is optimistic from the www.thearubanforum.com

Hi everyone, I heard from John about an hour or so ago and posted something up under lastest news. I figured it was worth putting it up here also. After the meeting with the Minister of tourism, Minister Oduber, this morning John was much more optimistic. He said there still was a lot of work to do but felt they were making strides toward our goal of reopening the resort asap. He was especially encouraged by the way Minister Oduber has rolled up his sleeves and gone to work trying to find a way to help us owners at the Aruban. As most of you know Minister Oduber is barely in office and the new goernment is actually just getting their term started but Minister Oduber seems to have taken this personal and has agreed to do anything in his means to help with our quest. I know nothing is in granite but things certainly look more promising than John's last post. Keep an eye out, John is working hard to bring us all some good news. Rip

[ash]

Now that is great news! I like this new administration already.

[Hrapp30]

Any updates from the beautiful Aruba paradise????

[Kid]

We are going to Aruba in two weeks for 10 days--fees were paid and also extra for the 3 days--anybody know if our time shares will be lost if they find a new owner--I had to book with HI which we have stayed at before--hope they get this resolved--would not want to lose all that is invested.

[Andrea J.]

my condolences to you on the loss of your resort.
i certainly hope it is remediated soon.
hopefully it will be reborn and will be better!

andrea

Originally Posted by Kid

We are going to Aruba in two weeks for 10 days--fees were paid and also extra for the 3 days--anybody know if our time shares will be lost if they find a new owner--I had to book with HI which we have stayed at before--hope they get this resolved--would not want to lose all that is invested.