Business/In Brief • Aug. 13, 2014
Plans outlined to demolish Big Island hotelKAILUA-KONA - A major Hawaii landowner has proposed demolishing a shuttered Big Island hotel to create an educational center for cultural resources.Demolition plans are outlined in a draft environmental assessment for Kamehameha Schools' plans for the Keauhou Beach Hotel.Kamehameha officials say that restoring the hotel wouldn't be profitable. It would cost $50 million to restore a hotel that hadn't been profitable for at least six years before it closed."Outdated facilities on the property contributed to the resort's operational losses, and it ...