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Arubadan
PostPosted: Mon Apr 16, 2018 3:21 pm 
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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.
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happyt1
PostPosted: Mon Apr 16, 2018 8:10 pm 
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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.
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ArubaAmy
PostPosted: Mon Apr 16, 2018 8:45 pm 
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According to this article they will close the one in Aruba.

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

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Mexico: March 2018
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confused1
PostPosted: Tue Apr 17, 2018 12:35 am 
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Casino will close but I wonder about fate of the resort itself.

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froggy
PostPosted: Tue Apr 17, 2018 6:29 am 
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happyt1 wrote:
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.


I would buy the ins. right now or look for another place to stay.
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germa3
PostPosted: Tue Apr 17, 2018 6:32 am 
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oh no!! say it ain't so :evil: :evil: :( :(

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Arubadan
PostPosted: Tue Apr 17, 2018 6:53 am 
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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."
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Arubadan
PostPosted: Tue Apr 17, 2018 7:42 am 
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ArubaAmy wrote:
According to this article they will close the one in Aruba.

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



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.... :lol: :lol:

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.
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ArubaAmy
PostPosted: Tue Apr 17, 2018 1:04 pm 
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Arubadan wrote:
ArubaAmy wrote:
According to this article they will close the one in Aruba.

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



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.... :lol: :lol:

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.

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