CO­CONUT BAY REFUTES RECEIVERSHIP CLAIM

A state­ment is­sued by Co­conut Bay Beach Re­sort & Spa reads:

The Star (St. Lucia) - - LOCAL -

It has been brought to our at­ten­tion that the mem­ber for Cas­tries South, Hon. Ernest Hi­laire, dur­ing his con­tri­bu­tion to the 2017–2018 bud­get de­bate in­cor­rectly in­cluded Co­conut Bay Beach Re­sort & Spa in a list of prop­er­ties he stated were in receivership as of 2011.

Owner Gary “Butch” Hen­drick­son, CEO Mark Adams and the man­age­ment of Co­conut Bay Beach Re­sort & Spa state cat­e­gor­i­cally that this state­ment is in­cor­rect and runs counter to the his­tor­i­cal suc­cess of the ho­tel. Co­conut Bay Beach Re­sort & Spa, since its es­tab­lish­ment in June 2005, has never been in receivership and, quite the con­trary, has con­trib­uted sig­nif­i­cantly to the econ­omy be­ing by far the largest em­ployer in the south.

Co­conut Bay is proud of its legacy as a ma­jor player in the lo­cal tourism sec­tor. It is the be­lief of the owner, CEO and man­age­ment that the hon­ourable Mem­ber of Par­lia­ment erred in his as­ser­tion that Co­conut Bay Beach Re­sort & Spa was in receivership dur­ing the year 2011. We there­fore call on the Hon. Ernest Hi­laire to cor­rect his state­ment and look for­ward to the nec­es­sary clar­i­fi­ca­tion.

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