Dream crashes but Chapple’s not doing runner.
She may be down – but Tanya Chapple isn’t out.
Chapple’s Stormcat Lodge went bust this week but she’s not doing a runner.
“I’m not running away, I’m not doing anything like that,” Chapple, 40, tells Mountain Scene.
Her $9 million worker accommodation complex at Arthurs Point opened just a year ago this month.
“I guess it’s been her baby,” receiver Duncan Fea says.
He’ll keep the lodge open meantime. “Absolutely – it’s just business as usual.”
Tenants have nothing to fear, he says.
Fea won’t reveal who appointed him receiver but company records show a “secured party” is lender Dominion Finance – itself in receivership.
Fea also won’t say what made Stormcat go under: “I’ve got my thoughts but it’s probably too early to be making any comment like that.”
Nor can sole director Chapple comment – Fea’s instructed her to keep mum, she says.
Did she give Stormcat her best shot? “I can’t answer that because it’s not over,” Chapple says cryptically.
Is she referring to a stoush publicised last September with the lodge’s builder over a disputed $35,000 power and gas bill?
“All of that is tied up with this whole situation so I can’t [comment],” Chapple says.
Although thought to owe millions, Chapple won’t comment on possible bankruptcy.
The single mum was labelled “enterprising” in a Mountain Scene story launching Stormcat Lodge in April 2008.
She told how she negotiated a $2.5m deal on the land while in a New Plymouth spa bath giving birth to son Lukas, now 4.
She was also confident of high year-round occupancy in her 98 units of 28sq m each.
So confident, in fact, she planned a 24-unit extension, she said.
Chapple may have been over-confident – current Stormcat tenants number fewer than 20, Fea says.
And while Chapple originally rented single units at $260 a week, Mountain Scene has been separately told today’s going rate is only $160.