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Hornblower Group to revive ShoreTrips with support from the Karps: Travel Weekly
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The acquisition of ShoreTrips was the third of a shore excursion company by the Hornblower Group. Photo Credit: VGstockstudio/Shutterstock.com
Hornblower Group has finalized its purchase of the failed cruise excursion seller ShoreTrips and will revive the company under the same name with support from its founders, Barry and Julie Karp, the company announced on Wednesday.
Hornblower last month won a court-monitored bid to buy ShoreTrips assets for $1.8 million, free and clear of all responsibility for debts that included nearly $5 million in customer payments for canceled trips.
The Milwaukee-based company was put up for sale after the Karps last year filed for receivership under the Wisconsin state alternative to federal bankruptcy protection.
Milwaukee, WI 53233
It was also unclear if travel advisors claims for commissions owed on booked excursions would be approved; commissions generally aren t paid until a trip is completed.
Asked about whether commission claims would be considered, receiver Seth Dizard said the figures and creditors cited in court documents are based upon the company s books and records. As these cases go, receivers and trustees don t begin the claims review process until all assets have been recovered, so I haven t delved into them yet, he said.
During the Feb. 23 Zoom hearing on the sale, travel advisor Jason Webb of Mosaic Travel Design in Valencia, Calif., told the court he was disappointed that all the big fish will get their money . and all the consumers will not.