Blackstone Said to Eye Sale of Grand Wailea Resort in Hawaii (2)

Blackstone Inc. is exploring the sale of the Grand Wailea Resort in Maui, Hawaii, according to people with knowledge of the matter.

The alternative asset manager is working with a broker, which is reaching out to potential buyers for the property, said the people, who asked not to be identified discussing confidential talks. No final decisions have been made and Blackstone could opt to keep the resort, which is branded as a Waldorf Astoria.

A spokesperson for Blackstone declined to comment.

Blackstone acquired the luxury resort in 2018 from Singapore’s GIC Pte in a roughly $1.1 billion deal, Bloomberg News ...