Maui Business

Rumors Confirmed: Lanai Up for Sale

June 15, 2012, 5:49 PM HST
* Updated June 15, 5:50 PM
A
A
A

Lanai. Photo courtesy of HTA.

By Sonia Isotov

The Pacific Business News is reporting today that billionaire-owner David Murdock, who is said to own 98% of the island, has put Lanai up for sale.

According to the report, this information was confirmed by Harry Saunders, president of Castle & Cooke Hawaii Inc. Murdock purchased Castle & Cooke in 1985.

Maui County Councilmember Riki Hokama, who represents the island of Lanai said, “I’m aware of the rumors that Lanai is up for sale. The current owner has chosen not to communicate with me on this matter.”

The Honolulu business publication also reports that its sources say that the island could sell for as much as $500 million.

E-Mail Newsletters Receive daily or weekly updates via e-mail. Subscribe Now
News Alerts Breaking news alerts on your mobile device. Get the App

Comments

This comments section is a public community forum for the purpose of free expression. Although Maui Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments
Trending Now
1106 Additional COVID-19 Cases in Hawai‘i: Higher Case Count Partially Due to Lab Reporting Issue on Maui 250 mph Gusts Forecast for Maui and Hawai‘i Counties 3New P.2 Variant Found on O‘ahu; B.1.429 Variant Associated with Increased COVID-19 Cases on Maui 4Feb. 26, 2021 COVID-19 Update: 44 New Cases (25 O‘ahu, 15 Maui, 1 Hawai‘i, 1 Kaua‘i, 2 Out-of-State); 2 Deaths 5Public Feedback Sought Regarding Maui County’s 5,000-Unit Affordable Housing Plan 6Maui’s Puamana Remains Closed Indefinitely for Erosion Hazards, Protection of Hawaiian Burials