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Old Sep 11, 2004 | 6:37 pm
  #14  
DENPremEx
 
Join Date: Jun 2004
Location: DEN and a barrier island near RSW
Programs: 1K (I know, my screen name is outdated), Marriott Plat, *Wood Plat, Five Star, Amex Plat
Posts: 1,360
Originally Posted by DJ_Iceman
...Given the fact that they let the Renaissance Wailea slip into such disrepair and employee indifference, I'm not at all confident they will invest what it takes to turn the Kapalua Bay back into a stellar resort...

Add to that a rebound in the economy (leisure travel) and they don't have to invest in the property to attract visitors. The owners (if its franchised) or Uncle Bill get to line their pockets, ride the wave until things slow down and only reinvest when tourism slows down and they have to grab market share in order to stay full.
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