Travel Weekly's Hawaii E-letter: July 2, 2007

KING KAMEHAMEHA'S Kona Beach Hotel was purchased by Investwest Financial/Pacifica Hotel Co. and a group of Hawaiian investors. The new owners have committed $25 million to a renovation that will emphasize the hotels historical setting as one-time home to the warrior king, Kamehameha. The hotel will remain open during the renovation, which will begin next spring. The purchase is the first in Hawaii for InvestWest Financial/Pacifica, which owns and operates hotels in California and Florida.

MORGAN STANLEY REAL ESTATE and Trinity Investments have completed a $575 million purchase of Maui's 1,800-acre Makena Resort. The purchase includes 1,300 undeveloped acres, two golf courses and the 310-room Maui Prince Hotel.

STARWOOD HOTELS & RESORTS is negotiating to purchase or partner in the controversial expansion of the Turtle Bay Resort on Oahu's North Shore. Newspaper reports, unconfirmed by Starwood, identify the company as a potential joint-venture partner with the current owner, Oaktree Capital Management. The master plan for the resort, approved in the early 1980s, includes five hotels with a total of 2,500 rooms, although it is likely that timeshare projects may replace the currently planned hotels.

HAWAIIAN AIRLINES, Aloha Airlines and Mesa Air Group all reported first-quarter losses due to high fuel costs and an on-going fare war initiated in June 2006, when Mesa Air launched Go, a low-cost, interisland carrier. Aloha lost $24.3 million, Hawaiian lost $11.9 million and Mesa lost $24 million.

HAWAII'S PLANTATION VILLAGE, located in central Oahu, is now offering tours that emphasize Hawaii's historical and cultural diversity. Tours depart Waikiki and include Honolulu's historic landmarks, Hawaii's Plantation Village (an outdoor history museum showcasing restored buildings and replicas of plantation structures), a 45-minute narrated ride on a vintage locomotive and a finale at the Paradise Cove Luau. Tours ($109 for adults, $90 children 12 and under) are offered every Wednesday, with pickups at various Waikiki locations starting at 12:45 p.m., returning to Waikiki is at about 10 p.m. Call (808) 677-0110.

Hawaii Editor: Allan Seiden

Phone: (808) 734-4677

[email protected]

For promotional opportunities in the Hawaii E-letter, contact Debbie Joseph at [email protected].


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