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Hilo Hawaiian Hotel purchased for $17 million

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Hilo Hawaiian Hotel purchased for $17 million

The Hilo Hawaiian Hotel on the Big Island has been purchased by a group of local investors for $17.3 million.

The purchase was announced by the hotel’s general manager, Daryle Kitamori.

He says the new ownership is composed of Castle Resort & Hotels, RAM Corp. and attorney Rick Fried.

Castle has managed the hotel for over 20 years and will continue to do so under a multiyear agreement.

The group bought the hotel from CarVal Investors.

 

Ronan Fearon, General Manager, JW Marriott Bengaluru Prestige Golfshire; Uzma Irfan, Director of Corporate Communications - Prestige Group; Anuradha Venkatachalam, Captain (Hotel Manager), Moxy Bengaluru Airport Prestige Tech Cloud; Rezwan Razack, Managing Director, Prestige Group; Irfan Razack, Chairman and Managing Director, Prestige Group; Zaid Sadiq, Executive Director - Liaison & Hospitality, Noaman Razack, Director Prestige Group; Ranju Alex, Area Vice President- South Asia, Marriott International; Suresh Singaravelu, Executive Director - Retail, Hospitality & Business Expansion
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