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Hawaii frets over vanishing beaches
Climate change-related rising sea levels are expected to intensify erosion; "It's half of our economy"

Hawaii woman gets bionic eye
Brooks Hays HONOLULU, March 26 (UPI) -- On Wednesday, a 72-year-old woman underwent a four-hour bionic eye implant surgery at the Hawaii Eye Surgery Center in Honolulu.

Hawaii gas prices 'flat'
Hawaii average gas price averages stayed relatively flat again during the past week, according to the AAA Hawaii Weekend Gas Watch. 

Readers choose Hawaii's best beach, resorts, town, restaurants, more
Readers of Hawaii Magazine have chosen their favorite town, beach, resort, drive, and more, extolling the glories of the 50th state in the March/April issue.

Vietnam War veteran gets dying wish to visit Pearl Harbor
PEARL HARBOR, Hawaii (AP) ? When a Vietnam veteran briefly stopped in Hawaii on his way home from war, he vowed to return one day to honor the people who perished during the attack on Pearl Harbor. With just less than two months to live, Joseph Hooker realized his longtime dream on Wednesday.

Is There Room for Virgin America Inc. in Hawaii?
Is There Room for Virgin America Inc. in Hawaii?

Hawaii Education leaders set sail on board Hokulea and Hikianalia
Hawaii's top education leaders, including Hawaii Department of Education Superintendent Kathryn Matayoshi and University of Hawaii President David Lassner, were in Auckland, New Zealand Tuesday.

Hawaii upsets UC Davis 65-58 in Big West semis
ANAHEIM, Calif. (AP) -- Roderick Bobbitt scored 14 points and fifth-seeded Hawaii upset top-seeded UC Davis 65-58 on Friday night to advance to the championship game of the Big West Tournament.

Hawaii upsets UC Davis in Big West semifinals
There are perks that come with winning the Big West regular-season championship. You get a shiny trophy and, more often than not, a spot in the NIT.

Restaurants at Hawaii Volcanoes National Park close after small fire
Two restaurants at a historic hotel in Hawaii Volcanoes National Park have been temporarily closed after a kitchen fire Tuesday that injured one employee.

Wednesday, March 10, 2010

Celebrity Resort Files for Chapter 11 Bankruptcy Protection

March 09, 2010

Celebrity Resorts LLC and its affiliates have filed for Chapter 11 bankruptcy protection, listing tens of millions in estimated liabilities.

The Orlando-based time-share company listed just two unsecured creditors, International Escrow Services of Atlanta and Resort Condominiums International of Carmel, Ind. But about three dozen other filings, including Celebrity Resorts of Orlando LLC and Celebrity Resorts of Lake Buena Vista LLC, listed pages of additional creditors.

In the bankruptcy filings, the company's chief executive officer, Jared Myers, said he is owed $680,812 in unpaid compensation. A lawyer for the company could not be immediately reached for comment.

Celebrity Resorts began showing signs of distress as early as July 2008, when it announced it was cutting an unspecified number of jobs and eliminating an area of its marketing business that was unprofitable.

According to the time-share company's Web site, Celebrity Resorts has properties in 13 locations across the U.S. The company was formerly known as Resort World, a family-owned business that started selling time shares in the Caribbean in the 1970s and then in the Orlando area in the 1980s.

In August 2008, Celebrity purchased Quintus' interest at Hanalei Bay Resort in Kauai. Condo and timeshare owners at Hanalei Bay Resort soon became unhappy with Celebrity's management and began trying to oust them. Owners were sucussful in removing Celebrity as manager late last year by buying out their contract. Terms of that contract are undisclosed.

Celebrity still owns the restaurant and lounge at Hanalei Bay Resort.

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