Hawaii
Blackstone Is Exploring the Sale of the 5-Star Grand Wailea Resort in Hawaii
One of Hawaii’s luxury hotels may soon have a new owner.
Blackstone is looking to potentially offload the five-star Grand Wailea resort in Maui, Bloomberg reported on Monday. The alternative asset manager is working with a broker to reach out to prospective buyers, people with knowledge of the proceedings told the outlet. However, only preliminary talks are taking place, and Blackstone could decide to retain the property. (A spokesperson for the investment company declined to comment to Bloomberg.)
The Grand Wailea is an 845-key, 40-acre hotel branded as a Waldorf Astoria property. It can host events for up to 3,200 guests, and it served as the filming location for scenes in the 2011 movie Just Go With It, starring Jennifer Aniston and Adam Sandler. Blackstone wasn’t the owner then, though: The company acquired the Grand Wailea for some $1.1 billion in 2018, Bloomberg reported at the time.
While the sale is still up in the air at the moment, it has been a rather bountiful time for the buying and selling of luxury hotels. Earlier this year, for example, billionaire Larry Ellison bought the Eau Palm Beach Resort in Florida for an unspecified amount. Just a few months later, the owner of the Ben hotel in West Palm Beach sought to sell that property for a whopping $1 million per room. Proving that Florida is a hot commodity, the Reuben Brothers also bought the W South Beach for more than $400 million, Bloomberg noted.
Blackstone hasn’t been immune to the trend either: Earlier this year, the company decided to sell the Turtle Bay resort in Hawaii for some $680 million, the outlet wrote. Nadeem Meghji, the global co-head of Blackstone Real Estate, addressed that sale on Tuesday, saying that the market has been trending upward.
“The environment is improving,” Meghji told Bloomberg Television. “When you think about sale activity and you think about values, when there are more folks who want to buy real estate, that’s usually a better time to start selling, and so we expect to see even more of that next year.”
Looks like we could see Grand Wailea changing hands in 2025.
Hawaii
Minneapolis CEO accused of embezzling $200K for personal expenses — including first-class trip to Hawaii
A Minnesota CEO accused of embezzling hundreds of thousands of dollars is expected to plead guilty to the scheme that “could make a TV movie,” according to reports and prosecutors.
Jonathan Weinhagen, the CEO of the Minneapolis Regional Chamber of Commerce, has been accused of embezzling over $200,000 from the organization and using the funds to splurge on an oceanfront stay in Hawaii, among other things, according to the Star Tribune and court records obtained by The Post.
Weinhagen, 42, who was hit with federal charges in October, is expected to plead guilty to five counts of fraud for the embezzlement case — where the rising star allegedly created a fictional company, a phony obituary and stole from a $30,000 chamber donation to a Crime Stoppers reward fund, according to the outlet and court records.
“When I first heard about it, it was like ‘Good God, what?’” Scott Burns, who worked with Weinhagen when he was on the St. Paul Chamber’s board, told the outlet.
“I can’t piece it together,” Burns said. “You could make a TV movie out of it.”
The married father of four abruptly resigned from his position in June 2024. The rising star worked at his family’s St. Paul auto repair shop before landing the top position at the Minneapolis Chamber at the age of 33. He made $275,000 in 2023.
The chamber revealed Weinhagen’s departure came after an internal investigation discovered a large deficit, leading to the axing of five staffers, the outlet said.
Roughly $290,000 in chamber money vanished during his tenure, financially hobbling the organization and forcing it into merger talks earlier this year, according to the outlet.
The elaborate scheme lasted from 2019 until the month he resigned, and involved him stealing over $200,000 from the chamber under the alias “James Sullivan,” of the fake consulting company “Synergy Partners,” his indictment said.
After the chamber began to catch on to the fraud, Weinhagen allegedly tried to “cover his tracks” by saying Synergy disbanded and Sullivan had died from pancreatic cancer, prosecutors said.
He announced Sullivan’s death in a faux obituary posted to Legacy.com in 2024.
Weinhagen also allegedly used a Minneapolis chamber credit card for personal expenses, including taking him and his family on a first-class trip to Hawaii for a two-bedroom oceanfront hotel stay, the indictment detailed.
He also allegedly tried in 2025, after he left the chamber, to obtain a $54,000 loan from SoFi bank, court records said.
The alleged corrupt CEO even stole money from a $30,000 reward fund for tips on solving three 2021 shootings involving children, prosecutors alleged.
The chamber donated the money to Crime Stoppers, but in 2022, when the money was still unclaimed, Weinhagen allegedly asked for the $30,000 back and asked for a refund check to be sent to his home address, the indictment said.
He then allegedly used the cash for his personal expenses.
Weinhagen is expected to have his plea hearing on Monday in the US District Court in St. Paul. His attorney did not immediately respond to The Post’s request for comment.
The allegations come as Minnesota is under fire after millions of dollars in taxpayer money were stolen in a massive series of welfare fraud schemes — some of which may have been funneled to Somalia-based terror group al-Shabab, City Journal reported earlier this month, citing federal counterterrorism sources.
Hawaii
Strong cruise recovery collides with Hawaii’s climate rules – The Garden Island
Hawaii
Ways you can protect your family and home during and after hurricane season
HONOLULU (HawaiiNewsNow) – Hawaii’s hurricane season technically ends this weekend, advocates say now is the time to ramp up emergency preparedness efforts for next season.
Honolulu Neighborhood commission chair Larry Veray joined us with what community leaders are doing.
The commission made a it a priority for Year 2026 to educate all neighborhood residents and provide them advice on how to fortify their homes and high rises to minimize the loss of life and property in a severe disaster like extreme hurricanes and wildfires.
“There are over 80,000 wooden homes on Oahu,” said Veray. “With a Category 3-5 hurricane, many houses will lose their roofs and begin to disintegrate with windows and walls followinging.”
Veray also facilitates guest presenters for the Pearl City Neighborhood Board next year and ask Hawaii legislators to facilitate a town hall meeting next year.
Click here for more information on the neighborhood board.
Copyright 2025 Hawaii News Now. All rights reserved.
-
Science1 week agoWashington state resident dies of new H5N5 form of bird flu
-
Business6 days agoStruggling Six Flags names new CEO. What does that mean for Knott’s and Magic Mountain?
-
Politics4 days agoRep. Swalwell’s suit alleges abuse of power, adds to scrutiny of Trump official’s mortgage probes
-
Ohio5 days agoSnow set to surge across Northeast Ohio, threatening Thanksgiving travel
-
Southeast1 week agoAlabama teacher arrested, fired after alleged beating of son captured on camera
-
Technology4 days agoNew scam sends fake Microsoft 365 login pages
-
News5 days ago2 National Guard members wounded in ‘targeted’ attack in D.C., authorities say
-
World4 days agoTrump yanks G20 invitation from South Africa over false genocide claims
