Lender takes Fairmont Orchid Sep 17, 2009
Other Hawai'i hotels that have faced mortgage trouble recently include the Ilikai in Waikiki, which was acquired by a lender through foreclosure in July, and the Maui Prince Hotel, which is under receivership after a consortium of lenders sued to foreclose on the property last month. Reach Andrew Gomes at. (Honolulu Advertiser)
More » Sep 17, 2009
Prince Resorts Hawaii ends 23 years as operator of Maui Prince Hotel ... Today, Prince Resorts Hawaii will end its 23-year relationship as the operator of the Maui Prince Hotel and Makena Golf Course on Maui ... Maui Circuit Judge Shackley Raffetto appointed a receiver for the property last week after a group of lenders foreclosed on the Maui Prince Hotel last month and asked the court to appoint a receiver to take over resort operations and keep the property open in the wake of reports of... (Honolulu Advertiser)
Benchmark to run Maui Prince Hotel Sep 10, 2009
Benchmark Hospitality International which manages the Turtle Bay Resort yesterday was chosen to take over management of the Maui Prince Hotel and golf course next week ... A group of lenders foreclosed on the Maui Prince Hotel last month and asked the court to appoint a receiver to take over resort operations and keep the property open in the wake of reports of mounting losses. (Honolulu Advertiser)
Maui Prince Hotel placed under receivership Sep 9, 2009
The Maui Prince Hotel Makena Resort was placed under receivership by 2nd Circuit Court Judge Shackley Raffetto who gave his preliminary approval today at the request of the property's mortgage lender trustee Wells Fargo Bank ... The Maui Prince Hotel Makena Resort was placed under receivership by 2nd Circuit Court Judge Shackley Raffetto who gave his preliminary approval today at the request of the property's mortgage lender trustee Wells Fargo Bank. (Honolulu Star-Bulletin)
Attorney: Maui Prince Hotel Not Closing Sep 4, 2009
Attorney: Makena Resort, Maui Prince Hotel not closing ... An attorney for Wells Fargo Bank says the threat of the Maui Prince Hotel and Makena Resort closing has disappeared. (ABC News -- Wire)
Attorney says Makena Resort not closing Sep 4, 2009
MAKENA, Hawaii An attorney for Wells Fargo Bank says the threat of the Maui Prince Hotel and Makena Resort closing has disappeared. Barry Sullivan is an attorney for the bank, which is the trustee for the mortgage lenders. (Honolulu Advertiser)
Mortgage lender trustee seeks to keep Maui Prince Hotel open Sep 2, 2009
Wells Fargo Bank, trustee of the mortgage lender for the Maui Prince Hotel Makena Resort, has had its request granted to hold an emergency hearing to appoint a receiver to take over operations of the resort ... Operations at the resort have been uncertain since foreclosure proceedings began setting in play a chain of events that could have resulted in the closure of the Maui Prince Hotel and Makena Golf Course and the layoff of as many as 380 employees ... The mortgage lender's trustee got... (Honolulu Star-Bulletin)
Operators plan to close Maui Prince Hotel Sep 1, 2009
The hotel operator, Maui Prince Hotel LLC, has been in discussions with the lenders to fund the hotel s payroll and accounts payable, which previously were the responsibility of the owners, he said. Maui Prince Hotel LLC cannot continue to operate the hotel without adequate assurance that funds will be made available to pay for payroll and operating expenses for the hotel and golf course, Takahashi said ... If approved, the receiver and its team will transition to a new management company to be... (Pacific Business News, HI)
Maui Prince Hotel Closing, 380 Lose Jobs Sep 1, 2009
Maui Prince Hotel closing, 380 employees to lose jobs after foreclosure filing ... The operators of the 310-room Maui Prince Hotel which is being foreclosed upon said the resort and neighboring golf courses will close in two weeks ... "The Maui Prince Hotel is a well-run operation with a great heritage, excellent potential, and wonderful employees that has fallen prey to the economic downturn.". (ABC News -- Wire)
Maui Prince Hotel workers get layoff notices; lenders seek new operator Sep 1, 2009
The company that manages the Maui Prince Hotel and neighboring golf course said it will terminate its contract with the hotel's owner on Sept. 16 in the wake of foreclosure proceedings against the resort, a move that could affect the jobs of the resort's 380 employees ... The lenders filed a foreclosure complaint last week against the owner of the resort, Makena Hotel LLC. The complaint alleged that Makena Hotel LLC, which owns the Maui Prince Hotel LLC, Makena Golf LLC and other affiliated... (Honolulu Advertiser)
Maui Prince Hotel shutting Sept. 16, laying off 380 workers Sep 1, 2009
The 310-room Maui Prince Hotel is going out of business in two weeks ... The 310-room Maui Prince Hotel is going out of business in two weeks. (Honolulu Star-Bulletin)
Lenders foreclose on Makena Hotel Aug 27, 2009
A foreclosure complaint was filed this week against Makena Hotel LLC, the owner of the Maui Prince Hotel, but resort operators yesterday told employees and guests they plan to continue normal operations. "We were informed by the lenders this afternoon that a foreclosure complaint was filed against Makena Hotel LLC, the owner of the Maui Prince Hotel, yesterday morning," said Donn Takahashi, president, Prince Resorts Hawaii ... Prince Resorts operates the Maui Prince Hotel and the Makena North... (Honolulu Advertiser)
Lender puts Makena Resort in foreclosure Aug 27, 2009
which operates the Maui Prince Hotel and the Makena North Golf Course, was notified Tuesday that the foreclosure had been filed in 2nd Circuit Court on Maui on Monday. We understand that this is the beginning of a lengthy process to restructure and reorganize the ownership of Makena Resort, Donn Takahashi, president of Prince Resorts Hawaii, said in a prepared statement. (Pacific Business News, HI)
Maui tour operator agrees to pay state $130,000 over coral damage Jul 23, 2009
The state alleges Makena Boat Partners killed, damaged or dislodged 538 individual coral colonies when its Kai Kanani catamaran dropped anchor near the Maui Prince Hotel. Makena Boat Partners is not admitting guilt, but is agreeing to pay the state to settle the case. (Honolulu Advertiser)
Hawaii Medical Center wins honor May 27, 2009
Maui Prince Hotel's green is gold. The Maui Prince Hotel was honored by the state's 2009 Green Business Awards Program. (Honolulu Advertiser)
Managing director named for Trump Tower in Waikiki Apr 30, 2009
Prior to his position at Kea Lani, Ingwers was general manager for the Maui Prince Hotel and Makena golf courses. He has also held leadership positions at Hyatt and Renaissance hotels, as well as Atlantis Paradise Island in the Bahamas. (Honolulu Advertiser)
Trump Waikiki names managing director Apr 30, 2009
Prior to working at The Fairmont Kea Lani, Ingwers was general manager at the Maui Prince Hotel and Makena Golf Courses. Reader Comments. (Pacific Business News, HI)
State honors 10 businesses for environmental practices Apr 29, 2009
Maui Prince Hotel Makena Resort Course. Hyatt Regency Maui Resort p> Hyatt Regency Waikiki Resort and Spa. (Honolulu Advertiser)
February visitors fall 12.7% Apr 2, 2009
Donn Takahashi is president of Prince Resorts Hawaii Inc., which includes hotels on three islands: Mauna Kea Beach Hotel and Hapuna Beach Prince Hotel on the Big Island; the Maui Prince Hotel; and the Hawaii Prince Hotel Waikiki and Golf Club. While he's happy about the spring break bump, he said it's not going to be enough for a complete turnaround for March or April. (Honolulu Advertiser)
Lawsuit on tipping goes to higher court Mar 28, 2009
Liss-Riordan's firm has filed seven similar suits, against the Fairmont Kea Lani Hotel t, Grand Wailea Resort Hotel The Ritz-Carlton Kapalua, Wailea Marriott Resort, Westin Maui, Maui Prince Hotel and the now-closed Renaissance Wailea Beach Resort. All the suits seek class-action status to represent all employees affected by service charge practices at the hotels. (Honolulu Advertiser)
New restaurant open at Maui Prince Hotel Mar 25, 2009
for free extra services. Subscribe to Pacific Business News. (Pacific Business News, HI)
Panel to discuss ACL injury risks tomorrow Mar 14, 2009
The competition took place at the Maui Prince Hotel, Makena Resort on Oct. 26 last year. The show tracked nearly 600 professional and amateur athletes (ages 15 to 70) representing 25 countries and 35 states) who competed in a 1-mile swim, a 20-mile mountain bike and 7-mile trail run. (Honolulu Advertiser)
Hawaii real estate transactions reflect stagnant economy Feb 24, 2009
Dowling recently won zoning approval from the Maui County Council for up to 800 luxury homes to be built on the South Maui land, which includes the Maui Prince Hotel and two golf courses. The three other hotels that were sold in 2007 the Park Shore Waikiki Hotel, the Royal Garden Hotel & Spa and King Kamehameha s Kona Beach Hotel all sold for prices above the top sale of 2008. (Pacific Business News, HI)
A free water world: Snorkeling on Maui Feb 7, 2009
This beach lies almost directly in front of the Maui Prince Hotel, and it's a real beauty. The snorkeling on the north side is exceptional, and this is one of the beaches where we visited several times and had more than our share of adventures. (International Herald Tribune)
