Hilo Hawaiian Hotel purchased by local investors group for $17.3M

The Hilo Hawaiian Hotel, a Hilo Bay landmark, was sold this week for $17.3 million to a group of local investors led by Castle Resorts & Hotels. Along with Castle, new owners are RAM Corp and Honolulu attorney Rick Fried.

Fried hopes to continue to make upgrades to the hotel, while providing good service and reasonable prices.

Castle has managed the Hilo Hawaiian Hotel for over 20 years under foreign and off-island ownership, and will continue to manage the hotel under the new local ownership with no impact to the current operation of the hotel.

hilo hawaiian

The Hilo Hawaiian is a favorite for visitors and locals when staying in Hilo and serves as a meeting place for many Hilo events.

About the Author

Dodie MacArthur ,

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Dodie MacArthur began her real estate career in Honolulu in 1972. She quickly rose from top sales agent and project manager of major Honolulu developments to representing prominent estate and development properties on Oahu and the Big Island. With her honed real estate skills and experience, Dodie founded MacArthur and Company in 1989 with the objective of creating a unique boutique firm, where the clients needs came first. In the first year of operation, the company gained immediate recognition as a leading Big Island firm and continues to thrive as a market leader today. With her abundant energy, creative marketing and dynamic leadership skills, Dodie is responsible for business development and overall company management at MacArthur and Company/Sotheby’s International Realty. She works closely with clients and agents in the marketing and sales of their properties. Her many years cultivating client and broker relationships ensures the firms clients unrivaled exposure. Along with her management staff and team of Successful sales agents and brokers, Dodie is able to provide local, national and international clients with unparalleled customized service, fulfilling her promise that the client’s needs come first.

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