South Korea's Mirae Asset investment company may purchase the Hyatt Regency Waikiki Beach Resort and Spa in Honolulu. If the deal goes through, it could reach as much as $800 million.
The company is one of Asia’s largest financial services firms, and previously acquired the Fairmont Orchid hotel on Hawaii Island for $200 million last May.
In 2013, New York's Blackstone Group bought the leasehold interest in the 1,230-room Waikiki hotel for $450 million. In 2008, Goldman Sachs’ Whitehall Street Real Estate Funds, partnered with Hyatt Hotels Corp., purchased the hotel from its bankrupt Japanese owners for $410 million.
According to the hotel workers' union, executives from Mirae Asset were in town to discuss the sale, but a final decision has not yet been made.
Sources: Hawaii News Now, Pacific Business News