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RESORTTRUST OF JAPAN CONTRACTS TO PURCHASE THE KAHALA HOTEL & RESORT

07/31/2014

RESORTTRUST OF JAPAN CONTRACTS TO PURCHASE THE KAHALA HOTEL & RESORT

Honolulu, July 31st 2014....Kahala Hotel Investors, LLC, owners of the iconic Kahala Hotel & Resort in Honolulu, has announced that it has concluded negotiation of the sale of the 338 room luxury resort to Resorttrust, Inc. of Japan. The sale is expected to close on September 30th, 2014 at which time ALL current employees of the resort are to be retained by Resorttrust, Inc., which will assume the collective bargaining agreement between The Kahala and UNITE HERE! Local 5.

“Our current contracts and agreements with our travel partners and with our reservations & marketing partners will continue in effect. We expect no change to our management and to our services,” explained Shawn F. Sweeney, President and Chief Operating Officer of Landmark Hotels Inc., the resort’s operator.

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About The Kahala Hotel & Resort, Honolulu
With 338 guestrooms and suites, The Kahala Hotel & Resort is an oceanfront destination resort known for its impeccable service and hospitality. Just minutes from Waikiki, yet offering the peace and serenity of a neighbor island experience, The Kahala has been Honolulu's social address for weddings and gatherings since its opening in 1964. It is the favorite hotel for visiting celebrities and heads of state.

Contacts

Glynis Esmail
Landmark Hotels Group
One Waters Park Drive San Mateo, CA 94403
gesmail@landmarkhotelsgroup.com
(650) 638.2000
(650) 638.2005
www.kahalaresort.com