The Turtle Bay Resort’s creditors have assumed ownership of the property on Oahu’s North Shore.
The new owners are a consortium of investment-management firms that include Wells Fargo & Co. and Credit Suisse.
The out-of-court settlement resolves a foreclosure lawsuit filed in December 2007 by Credit Suisse against Oaktree Capital Management, Turtle Bay’s former owner.
According to reports, Benchmark Hospitality will continue to manage the 443-room resort.