Ilikai’s new receiver will keep hotel open

Judge Blondin appointed a replacement receiver to oversee the foreclosure of the Ilikai.  The new receiver will thankfully keep the hotel open.

Honolulu Attorney George Van Buren, who was appointed by 1st Circuit Judge Karen N. Blondin on Monday to replace Joseph Toy as receiver and commissioner for the foreclosed property, said the hotel would not close down, as previously reported.

“As newly appointed receiver at the Ilikai, I am pleased to report that my plan is for the hotel to continue to remain open and earlier press reports that the hotel might close should be disregarded,” Van Buren said in a statement.

His appointment was at the request of New York lender iStar Financial, which foreclosed on the property owned by developer Brian Anderson.