iCrowd Newswire
01 Jul 2022, 01:20 GMT+10
Lawsuit Seeks to Return Caneel Bay to the People of the Virgin Islands
(June 30, 2022, St. John, U.S. Virgin Islands) - EHI Acquisitions, LLC ("EHI") and CBI Acquisitions, LLC, the operators of Caneel Bay Resort on St. John, Virgin Islands, filed a lawsuit against the United States today to settle ownership of the Resort. Caneel Bay Resort was forced to close after the 2017 hurricanes, and ownership disputes since then have prevented its rebuilding. In its lawsuit, EHI announced plans to settle its ownership of the land, rebuild the resort, and transfer ownership of the Resort to a trust for the benefit of the people of St. John and the Virgin Islands community.
As the complaint describes, EHI's efforts to rebuild the resort since 2017 have been frustrated by failed negotiations with the United States. Meanwhile, "the resort's closure eliminated jobs, income for residents, and revenue for the entire Virgin Islands community." In 2019, the resort land reverted to EHI, but the United States has not recognized EHI's ownership, leaving Caneel Bay Resort in limbo. EHI's lawsuit seeks to eliminate the cloud over its ownership of the land. Resolving EHI's ownership is essential to its ability to raise the funds necessary to quickly rebuild the resort.
EHI also announced in the complaint that it is "creating a charitable trust for the benefit of the people of St. John and the Virgin Islands community," and plans to donate the Resort property to the trust. Once EHI gets the resort reopened, lease payments from the Resort operator will provide funds to the trust for local schools, affordable and work-force housing, and environmental preservation. At the end of the lease term, the Resort will be owned and controlled by the trust for the benefit of the people of St. John and the Virgin Islands community.
EHI made these further commitments in rebuilding Caneel Bay Resort:
"The people of St. John ultimately want to see the resort open again, and to know that its owner is committed to supporting the Virgin Islands," said EHI's spokesperson Patrick Kidd. "EHI goes a step further with its commitment to rebuild the resort and return the land to the Virgin Islands people."
The suit is filed in the District Court of the Virgin Islands, Division of St. Thomas and St. John.
Read the complaint | www.caneelbay.com
See Campaign: https://www.caneelbay.com/
Name: Patrick KiddEmail: [email protected] Title: Director of Sales & MarketingPhone: (212) 439-1562
Tags:IPS, CE, PR-Wirein, Go Media, Reportedtimes, Financial Content, Google News, Extended Distribution, iCN Internal Distribution, Legal Newswire, EnglishGet a daily dose of Business Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Business Sun.
More InformationCINCINNATI, Ohio: Facing global economic headwinds and mounting tariff pressures, Procter & Gamble announced plans this week to cut...
BERLIN/FRANKFURT: Some car parts factories in Europe have stopped production, and companies like Mercedes-Benz are making backup plans...
GOODLETTSVILLE, Tennessee: Dollar General reported record sales of US$10.44 billion for the latest quarter and raised its full-year...
SOUTH BURLINGTON, Vermont: Beta Technologies has become the first U.S. company to land an all-electric aircraft at an airport in the...
WASHINGTON, D.C. Forget bucket lists; this summer, it's all about budget lists. Amid economic uncertainty and a weaker dollar, Americans...
NEW YORK, New York - U.S. stocks rose appreciably Friday following the release of a strong jobs report which sent the U.S. dollar higher,...
BEIJING, China: A little-known office inside China's Ministry of Commerce has become a powerful chokepoint in the global auto and tech...
BEIJING, China: The public security bureau in Guangzhou, a city in China, has announced a secret reward for more than 20 people it...
MENLO PARK, California: As artificial intelligence demands explode, Big Tech is turning to an old source for new power: nuclear energy....
MOUNTAIN VIEW, California: To settle a major shareholder lawsuit, Google is writing a US$500 million check — not for damages, but to...
New Delhi [India], June 9 (ANI): The Garden Reach Shipbuilders & Engineers Ltd. (GRSE) last week signed two strategic Memorandums of...
Lucknow (Uttar Pradesh) [India], June 9 (ANI): Brimming with pride and emotion, the family and neighbours of Group Captain Shubhanshu...