By NEIL HARTNELL
Tribune Business Editor
and NATARIO MCKENZIE
Tribune Business Reporter
THE Paradise Island-based Club Land'Or resort is facing a winding-up petition in the Supreme Court, as a former employee bids to secure compensation she claims is due to her from the property.
The law firm of C F Butler and Associates, headed by independent general election candidate, Craig Butler, have obtained a May 1, 2012, hearing for the winding-up petition filed on behalf of its client, Camille Bain, against the Paradise Island property on May 26 last year.
She is understood by Tribune Business to be a former employee of the property that sits at the heart of the Atlantis marina, and is the first sight for motorists entering Paradise Island via the 'on- bridge'.
The winding-up petition is likely to be a strategy to pressurise Club Land'Or into paying the money Ms Bain claims she is owed. Such actions are usually taken after every other effort to obtain monies due from a creditor have been exhausted, and it is probable that Ms Bain has some kind of default judgment or other order against the hotel.
While it is almost-certain that Club Land'Or will defeat any winding-up petition, either by paying the alleged sums owed or getting its attorneys to oppose it, the case is another bout of unwelcome publicity for the Paradise Island-based vacation club and hotel, and represents another headache for owners and management.
Calls placed to Club Land'or's general manager, Winston Williamson, were not returned. Calls placed to Mr Butler were also not returned. Meanwhile, John Ruch, senior vice-president of Land'Or International, was said to be out of office when contacted on Friday, and did not return an e-mail seeking comment.
Meanwhile, Tribune Business confirmed that Club Land'Or was not being "actively marketed" to potential buyers currently, having been listed for sale with H G Christie for two years.
The latter's John Christie told Tribune Business: "We're not actively marketing it.
"As far as I understand, it's mostly off the market. The price they were willing to sell at is not the price the market was willing to buy it at." He indicated, though, that the owners would likely listen to offers that met their asking price.
During the two years that Club Land'Or was being actively marketed, its price was dropped from $43-$42 million to $39 million, something confirmed by Mr Christie.
In a statement sent to Tribune Business in September 2011, Club Land'Or said it was "not sold, and further, will not be closing. Currently the resort, like other properties in Nassau, is experiencing very low occupancy due to the world economic conditions and hurricane season".
A statement in Mr s name said: "The high season looks promising, and many reservations are in the pipeline for the months ahead." Management was focusing on renovations and preparation for the winter season.
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