Waikiki hotel to be sold to Vegas-based resort company - Hawaii News Now - KGMB and KHNL

Waikiki hotel to be sold to Vegas-based resort company

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HONOLULU (HawaiiNewsNow) -

The Modern Honolulu in Waikiki will be under new management soon after entering a purchase agreement with Diamond Resorts.

The managing director of The Modern Honolulu says the deal was signed in the first week of February. The deal will close in about three months.

No other details of the sale have been released.

Diamond Resorts, based in Las Vegas, Nevada, owns hundreds of resorts around the world, including two dozen in Hawaii.

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