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End outsiders’ tax breaks, firms urge


    More REITs have taken hold of the local market since 2014, such as Park Hotels & Resorts, which Hilton Worldwide Holdings Inc. formed in January to take ownership of hotels including Hilton Hawaiian Village and Hilton Waikoloa Village. The two-sided Rainbow Mosaic was shown at the Hilton Hawaiian Village Waikiki Beach Resort on a sunny day in June 2014.

It is the fourth year in a row that local critics of REITs are trying to persuade lawmakers to abolish a more than 50-year-old tax exemption in Hawaii. Read more

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