"The Habitat Dive Hotel was taken over in 2008 and became a part of the Coral Estate Resort.
The shareholders of the resort have subsequently plans prepared for the development of Habitat to a village centre for the entire Coral Estate Resort. At the same time the operation was revived and the Habitat Dive Resort was renamed to Coral Estate Seaside Hotel.
Now we are 2 years later. The start of the renovation of the resort has been made. A new beach has constructed and the function of the resort as a meeting place and relaxation area for both guests and residents of Coral Estate has planned.
The operation of the hotel has struggled with highly disappointing operating results the past 2 years. Also the rental of the apartments does not meet the expectations. The resort has situated perfectly for diving and for tourists who enjoy nature and tranquility, but the organization is unfortunately not been able to attract sufficient guests for equal balance exploitation.
This is a situation where the shareholders lose suffering constantly and the apartment owners receive no rent for years. Continuation of this exploitation, without a realistic prospect of improvement in the operating result, has no meaning.
Therefore the owners of the apartments have finally decided not to make their apartments available for rental to the current operator and to take the management and exploitation in own hand. Efforts will be made to create another formula with a significantly lower cost level. It is to be expected that more will be known in March.
The shareholders will continue to focus on the implementation of their previous plans for the benefit of the entire Coral Estate Resort. Also about this subject, is to be expected more information in March.
Shareholders and apartment owners will coordinate their interests in good harmony as always."
This was the press release. Syntax is a little off due to Dutch-English translation. The people I know who worked at the dive shop were always kept in the dark and felt the dive operation was allowed to slip so it could be "re-bought" at the lowest price possible.
Other than the beach which received more damage with the recent storms (to most, building a sea wall and beach made no sense) very little has been done to Habitat. The new "dive" shop is under construction. Frankly, I feel fairly confident that the present owners/developer have no clue as to what it takes to run a true first class DIVE resort, but that's just my humble opinion.