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Anguilla Tourism Director: Cap Juluca Will Be Just FineDecember 7, 2011 By: Joe Pike
As part of our ongoing coverage of the 13th annual Luxury Travel Expo at Mandalay Bay Resort and Casino, Travel Agent chatted with Marie Walker, Anguilla's director of tourism for North America, about the recent financial struggles of Cap Juluca.
"I think everything will work out just fine," she told Travel Agent. "The resort is still doing very well and we there won't be any disruption with the hotel or guest services."
Earlier this month, The Daily Herald reported that Cap Juluca was facing auction of some of its assets. According to that report, the owner of the property, Adam Aron, had reportedly failed on his payment to the previous owner Charles Hickox at the end of July and still owes some $67 million.
While a long running dispute among certain Cap Juluca stakeholders continues, financial restructuring at the luxury resort in Anguilla is currently being administered, a Cap Juluca spokesperson told Travel Agent last week.
In fact, The Anguillan reported that one of three investors, already having a stake, in Cap Juluca, is expected to emerge as the new owner of the resort under a new Memorandum of Understanding. The property is now in receivership.
"The persons of interest who are involved in this situation know that it is in their best interest to make sure the hotel has no disruptions whatsoever," Walker says.