The 338-room Kahala Hotel & Resort has been sold to the Japanese investment firm Resorttrust for $300 million in a deal slated to close Sept. 30.

Kahala Hotels Inc., the former ownership group, said Resorttrust will retain all of the current employees at the Oahu resort while Landmark Hotels will continue to manage the property.

“Our current contracts and agreements with our travel partners and with our reservations and marketing partners will continue in effect,” Shawn Sweeney, president and COO of Landmark Hotels, said in a statement. “We expect no change to our management and to our services.”

First opened as a Hilton in 1964, the Kahala Hotel & Resort is located on Oahu’s southern coast, about a 10-minute drive from Waikiki, and has hosted a range of celebrities and world leaders, including Prince Charles and Princess Diana, Hillary Clinton, George Clooney, Elton John and the emperor of Japan.

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