Marc Resorts will sell to Heller-White Hotel

Hotel management firm Marc Resorts Hawaii has received bankruptcy court approval to be sold to Phoenix-based Heller-White Hotel Management LLC, former owner of the Ilikai Hotel.

The U.S. Bankruptcy Court in Maryland approved the sale by Sunterra Corp., an Orlando, Fla.-based time-share operator that filed for Chapter 11 reorganization bankruptcy in May 2000. Sunterra bought Marc Resorts in 1997 for $6.5 million from Michael V. Paulin, who founded the company in 1987, Paulin said.

Marc manages 14 resorts on several islands in Hawaii, after having lost a few contracts over the past couple years. A Marc Resorts spokesman had no comment.

Sunterra's bankruptcy followed two quarters of losses, missed debt payments and violations of agreements with lenders, according to Bloomberg News.

Tollefson's Chamber leadership permanent

Retired banking executive Jim Tollefson, acting president and chief executive of the Chamber of Commerce of Hawaii, has been named the permanent head of the 1,100-member organization.

Tollefson replaced outgoing CEO Stanley Hong in September. Tollefson served as chairman of the chamber in 1999 and had been a member of its board of directors for seven years.

Tollefson retired last year as an executive vice president with Bank of Hawaii's parent company. He also serves on the boards of the YMCA and the Hawaiian Humane Society.

Crazy Shirt plant open for business

Island retailer Crazy Shirts Inc. officially opened its $650,000 production plant in Halawa yesterday, with a party that included a display of Crazy Shirts memorabilia dating back to the company's start in 1964.

The printing and finishing operations had been moved to Tustin, Calif., in 1998 but were brought back by new owner Waikiki Trader Corp., which bought the company and its Halawa offices for $8.3 million in a bankruptcy auction in October.

Crazy Shirts -- which installed five new printing presses, three embroidery machines and two dryers -- said the new plant at 99-969 Iwaena St. employs 55.

ML Macadamia posts quarterly dividend

ML Macadamia Orchards LP will pay a 5-cent dividend Aug. 15 to shareholders of record June 28. The payment, technically a cash distribution to holders of its partnership units, is unchanged from a year ago and will be the 65th consecutive quarterly payout since the company's founding in 1986.