Waikoloa Marriott hotel likely to be sold

Published On: Mar 07 2013 12:07:45 PM HST
Updated On: Mar 07 2013 12:49:22 PM HST
KAILUA-KONA, Hawaii -

A resort hotel on the Big Island likely will be sold in a few weeks.

Marriott Vice President Darryl Franklin has informed state labor officials that the Waikoloa Marriott could be under new ownership as early as May 3.  The prospective buyer has not been revealed.

Officials say most of the 315 employees are covered by union membership, but 49 are not.  That leaves those employees at risk of losing their jobs if the new owner does not keep Marriott on as operator.  It is not known at this time if Marriott will continue to manage and operate the resort.

The four-star resort is owned by a Delaware limited liability company with a Boca Raton, Fla., address.  It had taxable value of $54.5 million in 2012.

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