Financial difficulties deepened yesterday for the owner of the Turtle Bay Resort, which is planning to build five new hotels on O'ahu's North Shore.
More at Honolulu Advertiser
More reporting at Pacific Business News
Comments have ranged, but the majority sees this as the next step in Oaktree's departure from the North Shore resort. With financial woes hitting them as early as June of this year, it looks that the expansion plans are far more less likely to happen unless parent company Oaktree infuses some of their reported $55 billion in this struggling resort.
The vulture fund company may be trying tactics to reduce the underestimated resistance, but the PR battle has little chance of being repaired.
Friday, December 21, 2007
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