room Alana Waikiki Hotel, the court-appointed foreclosure commissioner Joseph Toy said today.
At a court hearing yesterday, called to rule on a July 31 public auction in which a mainland hotel company was the highest bidder, three new potential bidders expressed interest, Toy said.
The original high bidder, Dallas-based real estate investment trust Patriot American Hospitality Inc., will be allowed to change its bid of $18.5 million. The other original bidder, Unity House, will also be able to bid again.
Toy said next Tuesday is the deadline for new bidders to meet qualifications, which include having a $5 million letter of credit. The three new bidders already have met that requirement.
That's a maxim at the core of the Pacific Century Fellows Program, which is designed to encourage and develop future business and community leaders in Hawaii.
The program last week announced the selection of 22 local men and women between the ages 30 and 42 to take part in its inaugural class. This year's fellows include three state legislators, Rep. Quentin Kawananakoa and Sen. David Ige and Rep. Marcus Oshiro; TV news anchor Lee Cataluna of KHNL; and Deborah Morikawa, executive director of the state Institute for Human Services.
Patterned after the White House Fellows program, Pacific Century Fellows has a nine-month schedule during which fellows will attend an all-day session monthly on topics such as education, local government or health care.
One seminar, for instance, might focus on criminal justice where fellows would ride along with police officers. Another could involve a tour of a state prison.
The program, which is co-chaired by City Councilman Mufi Hannemann and Tom Leppert, Castle & Cooke Hawaii's chief executive officer, is funded by corporate sponsors and by fellows' $1,000 tuition fee.