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Read the memo Villa Vie Residences CEO sent to residents as the ship's finances reached a 'critical point'

All Content from Business Insider·Joshua Nelken-Zitser·about 18 hours ago
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Kathy Villalba sent an "urgent" memo asking residents for financial support. Suy SE / AFP via Getty Images

Almost three months before Villa Vie Residences suspended operations on Tuesday, leaving residents of the "never-ending" cruise stranded in Cambodia, the company had already warned the Odyssey's residents that it was running out of money for fuel.

In an August 1 memo to residents labeled "urgent," Villa Vie CEO and founding partner Kathy Villalba asked residents for financial contributions to buy fuel.

The memo, which Business Insider reviewed, said the company needed to make "immediate and creative operational decisions to preserve the voyage."

Read more about Villa Vie Residences:

The company behind the 509-cabin ship had promised a permanent life at sea and a voyage around the world every three-and-a-half years for its residents.…

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