Wednesday, November 25, 2009
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Maui Prince Hotel placed under receivership
Benchmark Hospitality is expected to manage the resort
By Star-Bulletin news services
POSTED: 01:54 p.m. HST, Sep 08, 2009
The Maui Prince Hotel Makena Resort was placed under receivership by 2nd Circuit Court Judge Shackley Raffetto who gave his preliminary approval today at the request of the property's mortgage lender trustee Wells Fargo Bank.
Raffetto selected Hawaii attorney Miles B. Furutani. The appointment also includes Honolulu attorney Steven Mau, as receivership general counsel; Honolulu attorney Anna Elento-Sneed, as receivership labor counsel, and industry executive Peter Herndon, as the hotel management and transition advisor. The mortgage lender has agreed to continue to provide funding at the direction of the court.
Furutani chose Benchmark Hospitality Management as the new management company and will file a motion to confirm the appointment with the court. Benchmark is scheduled to begin on Sept. 17 when Maui Prince LLC stops operating the hotel and resort. Benchmark will then change the name and branding of the destination resort.
The Maui Prince Hotel Makena Resort was placed under receivership by 2nd Circuit Court Judge Shackley Raffetto who gave his preliminary approval today at the request of the property's mortgage lender trustee Wells Fargo Bank.
Raffetto selected Hawaii attorney Miles B. Furutani. The appointment also includes Honolulu attorney Steven Mau, as receivership general counsel; Honolulu attorney Anna Elento-Sneed, as receivership labor counsel, and industry executive Peter Herndon, as the hotel management and transition advisor. The mortgage lender has agreed to continue to provide funding at the direction of the court.
Furutani chose Benchmark Hospitality Management as the new management company and will file a motion to confirm the appointment with the court. Benchmark is scheduled to begin on Sept. 17 when Maui Prince LLC stops operating the hotel and resort. Benchmark will then change the name and branding of the destination resort.
Today’s Edition
- Friends and associates join search for missing kayaker
- Legislators cancel party plans
- Teachers willing to return for restored furlough days
- Harbor officials eye fee increase
- Mammograms: Do I really need this?
- Thanksgiving Day events serve food to those in need
- Kokua Line: Insurance verification uses Social Security info
- Newswatch
- Police and Fire
- Australia's move on credit card fees may have lessons for U.S.
- At Iraqi museum, Google chief announces plan to put artifacts online
- Kona holiday fundraiser helps culinary students
- By Request: Help others and collect the year's best recipes
- The Electric Kitchen: Desserts offer options to usual pumpkin pie
- Pet Ohana
- Da Kine
- Got nutrients?
- Wahine advance to WAC final
- Medeiros catches on at slot
- Prep World: Jamora ready for Govs
- Prep World: Athletes of the Week
- Prep briefs
- Say and Look have Aiea and 'Iolani talking, watching wins
- Cincinnati rolls through Maryland at Maui Invitational
- Couples will play in Hawaii
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