Home Page
KPUA Program Schedule
Election Coverage

Today's KPUA Program Schedule:
Click here for showtimes
& complete program lineup.

National News
World News
Strange Reports
NCAA Tournament
San Francisco Giants
San Francisco 49ers
Oakland Raiders
University of Hawaii
1145 Kilauea Ave
Hilo, Hawaii 96720
PH: 808 935-5461
FAX: 808 935-7761

Hilo, Hawaii News, Sports, & Information Monday, April 21, 2014

Back to Hawaii News index

Posted: Friday, December 13th, 2013 11:43 AM HST

Hilo resort sale faces glitch over hotel assets

By Associated Press

HONOLULU (AP) The buyer of a troubled Hilo hotel says he wants part of the purchase price to be frozen until he's assured assets inside are accounted for.

Real estate developer Ed Bushor and marine artist Wyland are buying the Naniloa Volcanoes Hotel in U.S. Bankruptcy Court.

The Honolulu Star-Advertiser reports Bushor has asked that $2 million of the $5.2 million purchase price be placed in escrow until an accounting of hotel property can be completed.

Bushor says in court documents that towels, linens and cooking implements are missing.

Attorney David Farmer oversees the hotel operation in bankruptcy and says Bushor's claims are unfounded.

He says confusion may have started from remodeling work started but aborted at the hotel.

Farmer says he hopes the sale can be completed next week.

National News
World News


Strange Reports