The Marlo Island Hotel, a historic, 18th-century hotel built on the island of Maui, has sold for nearly $400 million to a Chinese hotel operator.
The hotel, which sits on a site the government is leasing to a hotel company, has been at the center of a dispute between the island and its government, which wants to use it to house more than 1,000 tourists.
The deal is part of a $3 billion development plan to bring an expanded convention center to the island, a plan that has been stalled for years because of concerns about the impact of a massive new hotel on the economy and tourism.
The Marlos, which have been home to some of Hawaii’s most famous residents, are also known for their annual Hawaiian Maui Festival.
This was a very good day for Maui.
It was an excellent day for the city, said Mayor Tom Tait.
I’m very proud of our people, who I know will be able to come back.
The deal will allow the company, which is led by the Chinese-owned hotel company China Vacation Holdings, to build a hotel in the Marlos.
The company has also agreed to buy a plot of land to build an expanded hotel that will include restaurants, shops and a retail center, according to the company’s website.
Maui Mayor Mufi Kainui said the hotel will be open to all tourists, but that some visitors are asked to stay at hotels in Maui and other cities.
I’m glad we are finally getting this deal done, he said.
The city and state of Hawaii are working with the company on the expansion plan, and they will work with us to make sure this is a successful development.
“I’m very pleased that we are moving forward with this deal,” said Kainiu.
“It is a win-win for all parties, for the tourism and the hotel, and for the community.”
It’s a win for the tourists, said John Poh, president of Mauia Tourism, a tourism agency that has advocated for the hotel development.
I think that’s why the deal was done, because I think they know this is going to be a successful project and that it will have a positive impact on the tourism industry, he told the Maui News Journal.
“There’s going to really be a boost to the economy.
And, by extension, it’s going a good thing for the Mauis and the tourism.”
The sale comes amid heightened tensions over the future of the island as part of the Trump administration’s plan to develop the site for a new casino, hotels and theme parks.
Hawaii’s tourism industry has been hurt by the construction of the hotel and other developments.
Critics have argued that the hotel is not fit for the island’s unique climate and needs to be moved to the mainland, where the climate is more temperate and there are fewer tourists.
In a report published in February, the Hawaii Tourism Research Institute found that a new hotel in Maua would only bring about $12 million in annual revenue to the tourism economy and create $20 million in additional greenhouse gas emissions.
President Donald Trump has pledged to “rebuild Hawaii.”
Last year, the U.S. Supreme Court upheld Hawaii’s ban on Trump’s executive order on the construction and expansion of a new international hotel on Maui Island, which the government had sued to block.
The case has been on appeal since last fall.
A deal with China Vacate Holdings is a “huge win for Hawaii,” said Hawaii Attorney General Doug Chin, who is helping lead the state’s legal defense.
We have a very strong, very experienced team and they know that they have a tremendous opportunity to grow tourism in Hawaii,” Chin said in a statement.
It will be a great deal for Maua, he added.
In April, the Trump Administration announced a $400-million plan to build hotels, restaurants, retail centers and other facilities on Mauai, which will be used for government-owned purposes.
That plan has been held up for months by concerns about impacts on the climate and the economy, but in March the Trump’s Office of Management and Budget (OMB) announced a new round of funding for construction of a hotel and convention center on Maua.
The OMB report said that the new hotel would be the largest private-sector development project in the world and would be built in the next 10 years.
But critics have been quick to point out that the OMB’s plan is also designed to allow hotels to stay open during peak tourist periods.
The Maui Convention and Visitors Bureau (MCVB), which manages the hotel on behalf of the state, said in January that construction of its planned hotel on Maolai Island would be delayed by several months because of the construction schedule for the proposed hotel.
The government has argued that there is no need for construction to begin because it