GIC to Sell Maui Grand Wailea Resort to Blackstone for $1.1 Billion

Posted on 01/11/2018


Private equity giant Blackstone Group L.P. is going big in Hawaiian resort properties. Singapore’s GIC Private Limited has reportedly reached an agreement with the Blackstone Group to sell its Waldorf Astoria-branded Grand Wailea resort on the Hawaiian island of Maui for US$ 1.1 billion. If true, it would represent the second-largest transaction for a hotel […]