https://www.reuters.com/article/us-trop ... SKBN1HN1D4

Hard to tell by the story if it will be sold to Eldorado or he has to sell it as a condition of the closing.

Why did I all of a sudden start to feel nervous about my reservation at the Trop this Oct? "Sold separately"....It would not be the first time this resort was in bankruptcy territory. I better buy my trip insurance soon.

According to this article they will close the one in Aruba.

http://www.nj.com/atlantic/index.ssf/20 ... _185b.html

_________________
~Amy~®

Mexico: March 2018
Sedona, AZ: April/May 2018
Ireland: June/July 2018
36th trip to Aruba: Sept. 2018

Casino will close but I wonder about fate of the resort itself.

_________________
tom & karen

I would buy the ins. right now or look for another place to stay.

oh no!! say it ain't so

_________________
Judi

From CarlIchan.com


"The transaction does not include Tropicana’s Aruba assets, which will be disposed of as a condition to closing. The aggregate consideration of approximately $1.85 billion will be increased by the amount of the net proceeds received in connection with the Aruba disposition and will be further adjusted to pay corporate level taxes."

I think the author of this article made a mistake. He misread the part about the Aruba Tropicana. It will be disposed at closing does not mean it is will be closing. LOL More fake news....

IMO, Ichan will keep this property. It is almost to the point where all the money that has been invested in it will start to pay off and timeshare weeks are selling well. Time will tell but I think that the ownership will be transferred to another one of his holdings. Either way, the resort is not going anywhere. Even if someone buys it, they would not pay $$$ to close it.

I think you're right. The more I'm reading it looks like it will be divested prior to the closing on the other properties. Will be interesting to see who buys it.

_________________
~Amy~®

Mexico: March 2018
Sedona, AZ: April/May 2018
Ireland: June/July 2018
36th trip to Aruba: Sept. 2018

The resort will be sold. Word is there are several (4-5) pretty big players very interested and something will get done in the next few months. Renovations are ongoing and business as usual right now. I also heard plans for a new larger casino have been approved, but with the sale eminent, it will be up to the new owners to move forward with it.

Hmmmm, so what happens to all those happy folks who were sold on buying a "Tropicana" timeshare. I clearly remember Vincent (pretty sure that was his name) giving the spiel about going to any of their Trop resorts when we made the mistake of spending a morning listening to the timeshare sales speech. It was worse than an old fashioned car sales pitch.....In the past people who bought in Aruba could only drive by and look at the place they bought when the resort was closed. Once again?