Rumors Confirmed: Lanai Up for Sale

June 15, 2012, 5:49 PM HST · Updated June 15, 5:50 PM
0 Comments
×

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.

SPONSORED VIDEO

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.

ADVERTISEMENT

Print

Share this Article

BREAKING NEWS 
TEXT ALERTS
Sign up to receive important news alerts like tsunami warnings,
floods, traffic accidents, road closures and more.
Phone # (xxx-xxx-xxxx):
E-Mail:
 

    View Categories
    Promote Your Maui Business for Free Add Your Listing

    Weekly Newsletter

    ARTICLE COMMENTS ( 0 )
    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.

    I Understand, Show Comments