Villa Vie residents made a 'Hail Mary' effort to buy the Odyssey. Read the letter confirming the plan is dead.

The Odyssey's final months were marked by signs of Villa Vie Residences' financial distress, culminating in the ship's abrupt halt last week in Cambodia. Residents — who bought cabins for between $119,999 and $439,999 in the hope of living permanently at sea — were given just eight hours to disembark on Tuesday.

Paul Montoya, a member of the ship's seven-person Resident Council which was involved in securing resident pledges for the buyout, described the bid on Thursday as a "Hail Mary."

Two days later on Saturday, a resident-backed group calling itself Sagar Capital told residents that the…