20 Acres of Ko Olina Land Exchange Hands

According to a report by KITV4, a 20-acre parcel near Ko Olina has been sold. China Oceanwide Holdings is selling the property to local developer Alakai Development for around $23 million. The parcel sits just adjacent to Ko Olina Resort.

China Oceanwide Holdings still holds over 400 acres of land in the area, and had originally planned on developing an Atlantis-branded resort.

You can view the KITV4 report here.