Commercial Real Estate tic.............tic,,, Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Commercial Real Estate tic.............tic,,,

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Smiling Bob	7/9/2009 6:05:51 PM
	of 442

Iconic Waikiki hotel closes By JAYMES SONG – 1 hour ago HONOLULU (AP) — The Y-shaped Ilikai hotel that has graced the Waikiki skyline for nearly five decades and hosted everyone from U.S. presidents to Elvis Presley is closing. The new owner is ceasing hotel operations of the iconic property after Thursday's business day because of mounting operating losses. New York-based iStar Financial Inc., which acquired the hotel for $51 million at a foreclosure auction in May, hasn't indicated what it will do with the 203 hotel rooms in the 1,000-unit hotel-condo property. Guests are being relocated to other hotels. The 30-story Ilikai was considered Hawaii's first luxury high-rise hotel when it was completed in 1964. It gained prominence in the 1970s when it was featured in the opening sequence of the hit TV series "Hawaii Five-0." Copyright © 2009 The Associated Press. All rights reserved.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next