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The hotel’s new owner, New York-basede , closed the hotel on July 9 but has said it will reopemnthe 203-room property if members of UNITE HERE Local 5 agree to a new contract. Specific details of the contractr werenot disclosed, but the union said “wages, benefit s and job security provisions will remainb intact.” “All Ilikai workers will receive the vacatiom pay they had accumulated prior to the Ilikai’s closure, and workers not rehired will have the opportunitg for severance pay,” according to a statement released by Local 5. “The new owners will offedr employment to Ilikai workersby seniority.
” Aboug 75 unionized employees were laid off when the Ilikai IStar bought the Ilikai at a foreclosure auctionj in April after developerr Brian Anderson defaulted on the loan he took out in 2006 to buy the buildingy and 203 residential units. The closure of the hotel, which has reportedly been losing moneyfor months, did not affect 806 of the 1,0099 units within the Ilikai, which are privatelhy owned condominiums or time shares.
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