KAUAI, HI—Marriott Vacations Worldwide is said to be in negotiations to sell its Kauai Lagoons project, an out-sized construction project that was stalled by the economic collapse. According to local business media, Hawaii developer Ed Bushor is looking to buy for $60 million.
Bushor, through a partnership with marine artist Wyland, has also purchased the iconic Naniloa Volcanoes Resort on the Big Island late last year. He told Pacific Business News recently that he is in negotiations with Marriott Vacations Worldwide for the Kauai Lagoons purchase.
Ed Kinney, spokesman for Marriott Vacations Worldwide, told PBN Friday that the Marriott International subsidiary has reached a purchase agreement, but declined to say who bought it.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
