Marriott hotel on Kauai to change hands
Filings with the state indicate the sale will take place in late June
The owner of the 311-room Courtyard by Marriott Kauai at Waipouli Beach expects to sell the property by the middle of next month to an undisclosed buyer for an undisclosed price.
An executive with Presidio Hotel Group, the hotel's owner, declined to comment on the sale. But in filings with the state Department of Labor and Industrial Relations, Presidio's subsidiary Presidio Kauai LLC said the sale of its interest in the 10.4-acre resort will take place some time between June 16 and June 21.
Guneet Bajwa, an executive vice president with Presidio, referred inquiries to McNeill Wilson Communications Inc., a Honolulu public relations firm. An executive with McNeill Wilson in turn referred queries to ResortQuest Hawaii LLC, a hotel operator that manages 27 properties with 5,000 hotel rooms on Oahu, the Big Island, Maui and Kauai.
But ResortQuest executives were mum about possible plans to raise its flag over yet another Hawaiian hotel.
"Our policy is not to discuss any possible ongoing transactions or to confirm or deny any possible transactions," said Kelvin Bloom, president of ResortQuest Hawaii. "Should there be anything to announce, we will do so at the appropriate time."
The imminent sale of the property comes approximately one year after Fairfield, Calif.-based Presidio completed a $30 million renovation of the beachfront hotel and announced that it was going on the market. The renovation refashioned the former Holiday Inn with Polynesian furniture and decor from Bali and upgraded the property's beachfront wings.
At that time, the property's listing agent estimated the resort would fetch offers in the $70 million range.