The condo is an unincorporated part of the Seadream Cruises cruise ship company, which owns a number of ocean cruises, including the one at the center of this story.
The company says the condos have “a long history of high occupancy rates.”
That’s partly because of the fact that the condo’s owners pay a monthly fee of about $600 to $1,200, and because the company’s charter company is paid a $100,000 annual bonus, according to its annual report.
The cruise ship’s charter also pays the company a bonus for every cruise ship it manages.
(Seadream does not respond to requests for comment.)
The Seadrop cruise ships have been plagued with complaints about high occupancy and safety standards since they started operating in 2009, when they were first leased to charter operators.
They’re still operated by Seadrac, which now operates four more Seadrippers, including this one, in Atlantic City.
It’s unclear why the company has changed management and the location of the condo.
Seadac says the change was “in response to increased customer demand.”
The company’s management has said the condo has “been a priority to us since the launch of our business in 2012,” and it “has been a valued part of our company for the past five years.”
But according to company records, the condo was built in 2009.
The Seidream company is still listed as the sole owner of the property, and the condo still has the same charter.
In its latest annual report, the company says it “currently has no additional occupancy or maintenance costs related to the new lease.”
But in March, it reported that it was “increasing maintenance, upgrades and improvements” of the condos.
In a July 20 letter to the state, the state’s inspector general said it was looking into whether Seadactro’s management had “improved and/or abandoned its maintenance, repair, or other operations in the past few years.”
The inspector general’s office also said it “appreciates the efforts you and your company have made to maintain and improve the condo” and “have been proactive in meeting maintenance, safety, and other requirements of the state.”
The state’s auditor’s office said it has also been “looking into the issue of a potential lack of inspection or enforcement of charter and/ or charter company management standards.”
A spokesperson for Seadack Cruises, which manages the Seidrippers and Seadraps, did not immediately respond to a request for comment.
In an email, a company spokesperson said it had been in talks with the state about the issue.
The spokesperson also said the company “is continuing to evaluate the situation.”
The Associated Press contributed to this report.