Modern Honolulu hotel pays Marriott to settle

The property’s former operator will drop its lawsuit over being replaced as manager

By Andrew Gomes

POSTED: 01:30 a.m. HST, Jul 06, 2012

~~<p>The owner of The Modern Honolulu hotel in Waikiki has settled a bitter and costly dispute with the luxury hotel’s former operator, Marriott International, in a move that clears the way for the property to exit bankruptcy.</p>
<p>Modern owner M Waikiki LLC will pay Marriott an undisclosed sum in return for the hotel management firm dropping a lawsuit and withdrawing its opposition to a Chapter 11 reorganization plan for the 353-room hotel that Marriott helped design and open two years ago.</p>
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The owner of The Modern Honolulu hotel in Waikiki has settled a bitter and costly dispute with the luxury hotel’s former operator, Marriott International, in a move that clears the way for the property to exit bankruptcy.

Modern owner M Waikiki LLC will pay Marriott an undisclosed sum in return for the hotel management firm dropping a lawsuit and withdrawing its opposition to a Chapter 11 reorganization plan for the 353-room hotel that Marriott helped design and open two years ago. Login for more...