FlyerTalk Forums - View Single Post - Four Seasons Wailea may default on $234 million loan
Old Apr 21, 2024 | 11:39 am
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frappant
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Four Seasons Wailea may default on $234 million loan


This is the White Lotus hotel from season 1 of the HBO series.

I thought Wailea hotels were able to command very high prices and get enough occupancy at those sky-high prices?


There were some articles coming out of the pandemic that many hotels were raising prices, a trend from before the pandemic, knowing that they'd have lower occupancy but they didn't want to reduce prices to entice visitors.

Another practice was not re-hiring all of the housekeeping and other staff. Some hotels, maybe not the real high-end resorts, were using the pandemic as an excuse not to provide daily housekeeping, so a lot of those workers didn't get their jobs back right away. Maybe some of them never got their jobs back?

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