POSTED: 11:35 a.m. HST, Jan 31, 2011
LAST UPDATED: 11:55 a.m. HST, Jan 31, 2011
The owner of the two Kapalua Resort golf courses on Maui won't retain Maui Land & Pineapple Co. to manage the facilities after March 31.
Maui Land notified employees last week that they may be terminated as part of the change, though Maui Land said in a statement today that it hasn't determined how many employees will lose their jobs.
Troon Golf of Scottsdale, Ariz., will assume management of the Kapalua Bay Golf Course and Plantation Course.
Maui Land, in an effort to raise cash and pay down debt, sold both courses over the last two years to an affiliate of Japan-based retailer Fast Retailing Co. Ltd. with agreements to lease back and manage the properties until March 31.