FlyerTalk Forums - View Single Post - Four Seasons Wailea may default on $234 million loan
Old Apr 29, 2024 | 11:11 am
  #8  
Eastbay1K
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Originally Posted by mtofell
Definitely agree with #1.... less on #2. Or, at least the service worker labor supply has improved on Maui since the crazy lack of workers immediately after Covid. The fires resulted in A LOT of hospitality jobs in Lahaina going away. Many of those people relocated (or at least sought out work) to other parts of the island. The restaurant down in Wailea that I part-time at is generally having no problem staffing.
All about #1, for any hotel that played the "we'll just restructure the debt at a lovely low interest rate" game and lost.
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