Vacation rentals company Deep Creek rentals has closed its doors and announced a “recovery plan”.
The company, which had been operating under the name Deep Creek Adventures, announced the shutdown on its website on Wednesday.
The company said it had suffered a catastrophic loss of revenue in 2017, with its rental business in deep water plunging from $25,000 to $5,000.
It said the company had lost over $3 million in 2017.
Deep Creek said it was working with its management team to determine its next steps.
“The Deep Creek team is working hard to rebuild the company to make sure we can regain our former glory,” Deep Creek Adventure owner and founder, Mike Furlong, said in a statement.
“Our hope is that Deep Creek’s legacy will continue to inspire others to make the most of their own vacation rentals, as we have.”
Deep Creek Adventure, a company which has operated in deep-water waters for more than a century, had been offering rentals in the deep-waters of Lake Texoma and the Blue Ridge Mountains.
The site, which is not registered to Deep Creek, was listed as a “virtual private island” on Airbnb.
In 2018, the company announced that it would shut down its website and that it was looking for a new owner.
The deep-sea adventure company is a joint venture between the Dutch company Deepwater Ventures and the Canadian company, Deep Creek.
Deep Creek Adventures operates several vessels and has a fleet of 30.
It also operates a yacht, the Deep Creek Voyager, which was sold in 2017 for $4.2 million.
Deep Lake, which rents out RV cabins in the San Juan Islands, is one of the largest rental operators in the world.