Instant Alert: Inside an abandoned Hawaii hotel that's sitting on a $260 million piece of real estate

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   Inside an abandoned Hawaii hotel that's sitting on a $260 million piece of real estate by Sarah Jacobs on Oct 9, 2017, 3:00 PM Advertisement When travel photographer Sherry Ott was exploring all the Hawaii Islands in 2015, she left the island of Molokai for last. "I knew Molokai was very special. Unlike the other Hawaiian Islands, there is very little tourism on it. It's for people who want to slow down and experience the old Hawaii and its culture," she told Business Insider. While staying at the only operating hotel accommodations on the island at the time, she discovered the abandoned Kaluakoi Resort. Its skeletal exterior intrigued her. "I love photographing abandoned places around the world whenever I can," she said. Today, the resort is sitting on Molokai Ranch — a 55,575-acre property that's for sale for $260 million. The Ranch's current owner, the investment holding company GL Ltd., has run into numerous issues with the island's 7,000 locals while attempting to build various projects — including the Kaluakoi Resort — since the 1990s, reports Bloomberg.   SEE ALSO: Inside Emily Blunt and John Krasinski's charming Brooklyn townhouse that's currently on the market for $8 million The Kaluakoi Resort originally opened in the 1970s, and passed through various owners. It finally closed in 2001, when the company that was leasing the property, went bankrupt. Source: Bloomberg To find the abandoned spots on the island, Ott asked the locals. See the rest of the story at Business Insider   Share the latest business news with your network:    Email sent to:   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011