Four Seasons Resort Exuma Closing
The Four Seasons Resort Great Exuma is closing in two weeks, effective May 26. The Development company that owns the resort has been in receivership and a new owner could not be found. There are many lessons to be learned here about traveling in a weak economy: 1. Use a travel agent, preferably one who has a preferred relationship with the hotel company. 2. Don't assume that the hotel brand actually owns the property. Licensing agreements are the norm in the travel industry. 3. Buy travel insurance with financial default coverage (and check the list of suppliers included) 4. Use your credit card for all travel purchases (most cards offer some additional protection for travel purchases but check with your bank for details) Here's an excerpt from the Press Release: " PricewaterhouseCoopers (PWC), the receiver, has worked diligently to identify a new owner for the development, which includes the Hotel. PWC announced some important developments today regarding the status o...