Unforeseen circumstances have caused the new owner to incur significant unbudgeted expenses and judicial liabilities that require a massive financial injection in order to be able to responsibly operate the resort. Diligence, responsibility, long term viability of the resort, consideration of the interest of stakeholders and in particular the protection of the timeshare rights of all members for the long term, compels management to close the resort as of Sunday, February 20, 2011, until solutions are found. The general public is hereby informed that as of Saturday, February 19, 2011, no check-ins will be allowed.
The closure of the resort does not entail the closure of the independent businesses operating on the Property. They remain open to the public, at their discretion.
The Villas at Simpson Bay Resort & Marina and Simpson Bay Resort & Marina apologize for all inconvenience caused by the closure of the resort and commit to continue exercise their utmost efforts to be able to operate the resort in a financially responsible manner.
