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Land Board Sets Interm Rent For Hilton Waikoloa Pending Appraisal of Fair Market Value

 

HONOLULU — The Board of Land and Natural Resources at its regular business meeting today voted unanimously to approve an offer from Ticor Title Insurance, Lanpar/HTL Asociates and Global Resort Partners to pay the state $6,000 per month as interim rent for the use of state lands under terms of a revocable permit is has now issued for hotel/resort use of certain lands at the Hilton Waikoloa Village in South Kohala, Hawai‘i.

The rent amount will be paid in the interim until a three-person appraisal is completed within the next four to five months to determine the value of the state land.

The 1.337 acres of filled land, formerly anchialine ponds, were filled in by the hotel developer in 1986, triggering a lawsuit, Napeahi v. State of Hawaii, which led to the state being directed to seek compensation from the occupiers for the use of the submerged lands.

Since 1998, the State has been in discussions with Lanpar, Ticor, Native Hawaiian Legal Corporation and the Office of Hawaiian Affairs to resolve the issue of compensation for use of the state ceded lands at the Hilton Waikoloa Village.

Negotiations to reach a resolution of the court order have been actively ongoing for the past 5 years and today is the ninth time the DLNR Land Division staff has gone back to the board with proposals to advance a solution for resolving the compensation issues.

The board's action also included a reiteration of the three-person appraisal timeline to ensure the parties proceed expeditiously.
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For more information, contact:
Deborah Ward
DLNR Information Specialist
Phone: (808) 587-0320

Dede Mamiya
DLNR Land division
Phone: (808) 587-0414

 

 

 

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