WCAX.COM Local Vermont News, Weather and Sports-Ilikai closes but will reopen with new union deal
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Associated Press - July 10, 2009 8:43 PM ET
HONOLULU (AP) - A day after the iconic Ilikai hotel shut down, its new owner and a labor union say the Waikiki landmark will soon be back in business.
Employees were downcast on their last day at work on Thursday, when hotel operations creased on order from New York-based iStar Financial Inc. The company acquired the facility for $51 million at a foreclosure auction in May.
But on Friday, the labor union representing hotel workers, UNITE HERE Local 5, and iStar announced a new labor agreement.
iStar says the hotel will reopen "as soon as practically possible" after the pact is ratified by union members.
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