By Janis L. Magin – Senior Editor, Pacific Business NewsJun 15, 2021, 8:16pm EDTAn affiliate of the Utah-based real estate arm of The Church of Jesus Christ of Latter-day Saints has purchased the Residence Inn by Marriott Maui Wailea hotel for just under $100 million, according to public records.75 Wailea Ike Drive LLC, an affiliate of Laie-based Hawaii Reserves Inc. and Salt Lake City-based Property Reserve, closed on the acquisition of the 200-room limited-service hotel on 6.4 acres mauka of the Grand Wailea Maui, A Waldorf Astoria Resort, on March 19 for $99.3 million.The seller was Piilani Hotels LLC, an affiliate of R.D. Olson Development and Joseph Martelli Real Estate Investments Inc., which developed the all-suite hotel in Wailea that was completed and opened in 2016.R.D. Olson had acquired the land from Alexander & Baldwin in 2014 for $10.6 million and spent an undisclosed amount to build the hotel, which remained open to airline and cruise crews last year during the Covid-19 pandemic.It was the second limited-service hotel on Maui for the developer, whose affiliate R.D. Olson Construction also built the 138-room Courtyard by Marriott near Kauhului Airport that opened in 2012.R.D. Olson Construction also recently completed Maui’s first AC Hotel by Marriott in Wailea, a four-story, 100-room hotel built on 3.7 acres just makai of the Residence Inn in Waliea that R.D. Olson bought from A&B in 2017 for $3.6 million. The hotel opened on May 21.R.D. Olson Development recently closed on the purchase of 6.3 acres at Maui Business Park in Kahului for $10.9 million for a second hotel near the airport.Hawaii Reserves owns at least one other hotel in Hawaii — the Laie Courtyard by Marriott hotel next to the Polynesian Cultural Center.The AC Hotel by Marriott Maui Wailea opened on May 21 next door to the Residence Inn by Marriott Maui Wailea.
Wow, check this place out!
Boy does this open up a multitude of questions!
Based on the aforementioned facts, I have the following questions:
- According to the church (https://www.churchofjesuschrist.org/study/manual/gospel-topics/tithing?lang=eng), "Tithing funds are always used for the Lord’s purposes—to build and maintain temples and meetinghouses, to sustain missionary work, to educate Church members, and to carry on the work of the Lord throughout the world." For which of these purposes is the hotel to be used for:.
- Building and maintaining temples? (Unless it'll be converted into a temple, doubtful)
- Sustaining missionary work? (Very doubtful that it will become the Hawaii MTC)
- Educating church members? (Unless it's surfing lessons, no)
- Carrying on the work of the Lord throughout the world? (Also very doubtful)
- With those stated purposes of tithing money not applicable, then why does the Church need a 200-room limited-service hotel on 6.4 acres of Maui?
- If it's for investment purposes, then how does the church's investment strategy align with Matthew 6:19-21 (above)?
- Who will be staying at the hotel?
- In order for the hotel to be Marriott branded, the church is going to have to pay hefty licensing fees. To whom will these fees be paid? Are they members of the church?
- With bishops telling ward leaders that budget allocations are based on "sacred funds," what is to be said to those wards struggling to get decent budget funds?
- It seems like we just went through a pandemic. There were / are a lot of people hurting around the world that could have used some help. What are we to say to those who are unemployed these days and even struggling to pay rent/mortgage, food and astronomical health care costs?
- What is the scriptural justification for purchasing hotels?
- Who do I contact for my free vacay? I wonder what they would say if I call the hotel (808-879-1922)?
- Is there no more need for schools, hospitals, water wells, homeless shelters, womens and childrens shelters, etc?