Article on the auction of the Pelican Resort..

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...........The entire Pelican Resort, buildings and marina, is scheduled to be auctioned on Thursday, December 16........... The board of the Tenant Association of Pelican Resort Club (TAPRC) has to resubmit its petition to have the auction of the resort on December 16 blocked.
The court ruled Friday that the petition had been filed by the wrong entity (TAPRC) and should have been filed on behalf of two other companies owned by the TAPRC. The TAPRC immediately sent out a mailer to Pelican timeshare owners stating: "A petition doing so will be filed and our counsel expects the judge to hear the case again before any foreclosure sale can occur.............


The Daily Herald -Pelican tenants association has to re-submit petition

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Pelican’s lender is in control after auction ROYAL RESORTS

Pelican’s lender is in control after auction

Friday, 17 December 2010 00:04

PHILIPSBURG--Quantum Investment Trust (QIT), the million-dollar loan facilitator to the Pelican Resort Club, is now in control of the entire property after "winning" the auction of the property and its marina on Thursday. Details in terms of financial figures were not available by press time.

QIT is expected to continue working with Royal Resorts, the firm that manages Pelican, considering that both firms are very familiar with each other through various business partnerships.

Richard Corso of Royal Resorts could not be reached for comment regarding future plans of the resort, but has said repeatedly, "The most important issues here are the continuity of the resort, protection of the timeshare owners, employees and their families, and all the stakeholders, including the tenants and vendors of Pelican."
With the auction now complete and with QIT in control, owners have lamented via e-mail that the "huge personal investment of millions of dollars is lost to us forever."

"Going forward after this auction sale, we lose any control over the operations and the budget and how our monies will be used. We will have no voice, no vote on what direction Royal will choose to go with Pelican. By their actions here in their underhanded tactics to steal this resort from us (with misguided help from past boards), they will do whatever is in their financial interests foremost, and not what is in our interests," an owner said.

Owners explained that there might be conversion to a point-system resort, without locked-in deeded unit ownership. In addition, Royal may elect to knock down some of the older buildings and convert to more energy-efficient and money-making buildings modelled after their Mexican properties.

"I could see the Flamboyant building going first, so they could build a larger building, with more beachfront units in this prime location. Certainly the maintenance fees will likely rise. As in the past under (former owner/manager) Vlietman, we should now not expect to be consulted or know anything about the finances or plans of Royal from this point forward, beyond their self-serving lies and propaganda. It is truly a sad, sad day for this resort," an owner concluded.

With 35 years of resort management experience, primarily in Cancun and Riviera Maya, Royal Resorts Caribbean operates three properties in the Caribbean with more than 350 employees. The company manages more than 40,000 timeshare intervals for nearly 20,000 families and provides a variety of services for resorts, including full operations management, vacation ownership sales and vacation rentals.

Aside from Pelican Resort Club and its newest property in St. Maarten, the Pelican Marina Residences, Royal Resorts Caribbean manages Costa Linda Beach Resort in Aruba and Royal Sea Aquarium Resort in Curaçao, which is located on a private island right next to the Curaçao Sea Aquarium.