A Japanese company called Resorttrust Inc. has purchased the upscale Kahala Hotel & Resort in East Honolulu for $300 million.

In a statement on its website, the company said it is anticipating an annual cash flow of approximately one billion yen per year — or upwards of $9.7 million — based on the hotel’s operating revenue.

Pacific Business News first reported the news that Kahala Investors LLC sold the 338-room hotel on Thursday. All of the hotel’s current employees and contracts with travel and marketing partners will be retained, PBN reported.

Kahala Hotel lobby

The lobby of the Kahala Hotel & Resort in February 2010.

Courtesy of Sarah Ackerman via Flickr

Resorttrust, which is based in Nagoya, owns numerous hotels and golf courses throughout Japan.

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