HONOLULU -- The new owner of an iconic Waikiki property that was featured in the opening title shot of the 1970s TV series "Hawaii Five-0" said Tuesday it plans to cease operations of the building's Ilikai hotel in two days.
New York-based iStar Financial Inc. ( SFI - news - people ) said 203 hotel rooms in the nearly 1,000-unit property will be closed Thursday because of mounting operating losses. Hotel occupancy has fallen steeply around Hawaii because of the global economic slowdown.
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http://www.forbes.com/feeds/ap/2009/07/08/ap6628670.html
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