I picked the below statement from a blurb on labor strife at the Claremont in Oakland, CA. However, as you will read, there is a silver lining to everything.
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The Claremont was built in 1915 and passed through four ownerships before KSL acquired it in 1998. Last year, the total assessed values of KSL's Claremont holdings were $132.2 million, according to county records.
Kohlberg Kravis & Roberts, a New York City-based partnership, says on its Web site that it invested $536 million in KSL in 1993. KSL's other properties include the Arizona Biltmore in Phoenix, the Doral Golf Resort in Miami, the Hotel del Coronado in San Diego and the La Quinta and La Costa resorts in Southern California. In 2002, it posted sales of $565 million and had 8,000 employees.
KSL wants to sell the Claremont as part of a five-resort package that would also include the Arizona Biltmore, the Doral, La Quinta and the Grand Wailea Resort on the Hawaiian island of Maui, Appel said. </font>
So, how about it?? Take back the Grand Wailea, and get some other signature properties, to boot!
What do you others have to say about this suggestion?
