bankruptcy

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Original Message:

Re: bankruptcy (by Doug P.):

We recieved a letter today indicating that French Quarter Resort has been purchased from the banruptcy trustee by Spinnaker Resorts. The management arm of Spinnaker Resorts, Southwind Management, who has managed FQ since 2006 will continue to manage the resort.

While this is good news for the majority of owners, it does not address the issues facing the 800 and 900 building owners. The 800 building was foreclosed on before the bankruptcy was finalized and removed from the proceedings and the 900 building was sold pre-construction with the construction never taking place. I have no idea if Spinnaker Resorts can/will assist those owners recover any of their value.

I would assume that with FQ officially being a Spinnaker owned resort, it may now be possible for most owners to "upgrade" their ownership by "trading in" their week for a new week at Palace View Heights. Since we will be at FQ next month, we might take the owners update tour to see what/if they're offering. We're personally happy with our current ownership and the resorts location but I'm always curious to see what the latest offer might be. I do not trust the sales staff to actually know what is going on with the resort itself. Their job is to sell, not inform.