TROUBLE IN PARADISE: The Paradise Bay Eco Escape on the southwest coast of Long Island went into receivership late last year.
TROUBLE IN PARADISE: The Paradise Bay Eco Escape on the southwest coast of Long Island went into receivership late last year.

Resort in receivership

PARADISE Bay Eco Resort on Long Island is continuing to operate in January and February, despite going into receivership.

On Decemebr 17, the resort went into administration. Four days later on December 21, Guy Edwards and Darryl Kirk of PricewaterhouseCoopers were appointed as receivers and managers of the company.

In a statement on the Paradise Bay website, guests with bookings from March onwards have been advised to contact their booking agent.

Whitsunday MP and Tourism Minister Jan Jarratt said this was a niche product with appeal mainly to interstate and international visitors.

"I hope that a buyer will see the value in the product and have it up and running again soon," Ms Jarratt said.

Ms Jarratt was keen to point out that this latest example of a resort in receivership was by no means indicative of the overall state of the Whitsundays tourism industry at this point in time.

"We've just had one of the best Christmas and New Year periods for a very long time. Hamilton Island, Daydream Island and Hayman Island are all doing much better than they were this time last year," she said.

Tourism Whitsundays chief executive officer Peter O'Reilly said if the resort closed, it would be a big loss to the industry.

"Paradise Bay is boldy green, offering a unique and rare holiday experience for the Whitsundays, and the loss of this option would be a real shame for the industry," Mr O'Reilly said.

 

"For a property with experiences so highly rated obviously [it] has high quality staff who may be without a job. Hopefully staff of this quality will be snapped up very quickly."


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