The Beach House remains open for the time being, following a meeting this morning between the Barbuda Council and Charles Walwyn of PriceWaterhouseCoopers. The High Court has placed the hotel in receivership with the accounting partnership to manage the accounts. Randolph Beazer, the chairman of the Barbuda Council, said that the hotel owes more than EC$700,000 (US$280,000) to the Council. PriceWaterhouseCoopers will verify the amounts owed and determine whether they can be paid.
Dorothy Symister, secretary to the Barbuda Council, explained that The Beach House is operating under the guidance of PriceWaterhouseCoopers to accumulate money to pay its creditors. Mrs Symister considered that The Beach House needed a new investor otherwise the hotel would be closed eventually.