According to Michael Trevino, a spokesman for United Airlines, the company has come to an agreement to sell the Seaside Hotel in Waikiki. The 14-story building is located at 342 Seaside Avenue and has a total of 125 units within it. Originally built in 1970, it had a 2011 tax assessed value of $9.4 million. Trevino stated, “I believe that there is an agreement, but we haven’t closed on the deal.”
The potential sale has generated protests from United Airlines workers and retirees who have been staying at the hotel for decades. They argue that United’s decision to sell the hotel means that there is another perk lost now that United Airlines has merged with Continental Airlines. President and CEO of United Airlines, Jeff Smisek, wrote back to one angry retired flight attendant and stated, “”We are not in the hotel business, we are in the airline business, which is why we have sold this unrelated piece of real estate. We will be accommodating our flight attendants at other hotels. I do know that our flight attendants liked the staff at the Seaside Hotel, but I’m confident that the new hotels we use will provide good service.”
Source: Honolulu Star Advertiser, 2-14-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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