The former Maui Prince Hotel in Hawaii was sold at a foreclosure auction Friday to its mortgage holders for $55 million.
Makena Beach & Golf ResortThe 310-room, renamed the Makena Beach & Golf Resort last year, became the target of foreclosure proceedings last summer when its previous owners missed payments on its $192.5 million mortgage. Friday’s auction puts the resort in the hands of those mortgage holders, represented by Wells Fargo Bank.
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