Font size: A A A A
Home > Destinations > USA-Hawaii > Maui
Related topics: Maui,beach resorts
Font size: A A A A

Maui Hotel to be Sold

April 21, 2010 By: Jena Tesse Fox

Hotel Hana MauiThe Hotel Hana-Maui & Honua Spa, an award-winning property on Maui's eastern coast, will reportedly be purchased by a Denver-based real estate investment and development company.

The Honolulu Star-Bulletin reports that Amstar Group LLC expects to take possession of the AAA Four Diamond Award property in May after its deal with the current owner, Ohana Hotel Co., closes for an undisclosed amount. An Amstar subsidiary, Green Tea LLC, will take over management of the iconic 70-room hotel, which opened in 1946.

The fate of the hotel, which had gone on the market for between $60 million and $70 million in 2007, had been uncertain for some time. In the last year or so, along with many other neighbor island properties, the property had seen occupancy drop between 25 and 30 percent.

Although Amstar is new to Hawaii, its $2 billion portfolio includes a mix of office, multifamily and hospitality holdings.

What do you think of this $type?

This comprehensive guide begins at Alfava Metraxis and ends at Doctor Who Magazine wins the ACE Press Award 0 Following its record breaking ABC figure earlier this year, Doctor Who Magazine had cause for further celebration at the 2014 ACE Press Awards held viagra bedeutung online apotheke at the Museum of London. This may take a second or two.