The Mauna Lani Bay Hotel & Bungalows will close in October for renovations. Since the new owner, ProspectHill Group purchase in August of last year, it has been rumored they would close and pursue “$100m” in renovations at some time in the future. Now it’s a certainty and the 400 current employees will be laid off albeit into a tight labor market which is some assurance of a new job elsewhere. Many of the employees have been with the hotel for 20-30 years so this will be a big change for them. I can only hope that the core group finds their way back to their old jobs after a long layoff! The golf course, spa and racquet club will remain open for the general public with rumors of reduced hours at the spa and racquet club. At least us full timers can still play golf and exercise as usual :) Here is a link to the official announcement to the Mauna Lani owners (PDF) Here is a link to my blog post when the sale was announced in May 2016 Here is a link to my blog post when the sale closed in September 2016 Here i...

Filed under: Real Estate by Rick Oliver
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DiamondHead Land a joint venture between an affiliate of California-based real estate company ProspectHill Group and Hawaii hotelier Pat Fitzgerald has closed on its acquisition of the Mauna Lani Bay Hotel & Bungalows. The group’s purchase is from the original resort developer and hotel owner-Tokyo Corporation. Pat Fitzgerald is also president of the Hualalai Resort. The sale includes the hotel, Francis H. Ii Brown golf courses and an additional 1500 acres adjacent to the resort boundaries. It is reported that DiamondHead Land also owns Queen Kapiolani Hotel in Waikiki, Oahu. Search Mauna Lani Resort Properties Blog Sign Up

Filed under: Significant Sales by Rick Oliver
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