Categorized | Hotels

ILLIKAI SHUTTING DOWN WAIKIKI HOTEL…

Posted on 09 July 2009

The new owners of the Illikai Hotel in Waikiki said they plan to shut down hotel operations today, resulting in the loss of at least 65 full-time jobs. New York-based iStar Financial confirmed that the 203-unit hotel portion of the property will be closed for an indefinite period due to operating losses of several hundred thousands of dollars a month. The closure will not directly affect the remaining 806 condo and time-share units and the property’s common areas, which include the hotel’s pool. IStar will take over the Illikai on Friday. IStar said guests have been notified and will be accommodated at nearby hotels. The hotel’s popularity dates back to the late 1960s, when the long-running TV series “Hawaii Five-O” featured the hotel in its opening credits.

 

Source: Honolulu Advertiser

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