Damaged Mai-Kai Restaurant is for sale: ‘Everything is on the table’
Three months after water damage forced the iconic
A business broker representing the Mai-Kai’s owners told the
“Everything is on the table,” says
And by “everything,” Cagnetta says, Mai-Kai’s owners mean everything, from demolishing the aging landmark to rebuilding it somewhere else in
Attempts to reach the Mai-Kai owners for comment Thursday morning were unsuccessful.
Mai-Kai’s owners didn’t list an asking price for the 26,000-square-foot restaurant or its 2.69 acres of land because owners have yet to tally the full scale of water damage, adds
Property records show the Mai-Kai building is worth at least
Mai-Kai employee
“They discovered that, when you work on renovations in one part of the 60-year-old building, you have to bring the entire building up to code,” Berg says. “It’s a daunting task. You can’t just patch the roof and you’re good to go.”
“Once you exceed a certain level of damage, there are life-safety issues,”
“A descendant of the Mai-Kai’s founders has always been involved,” Bugarin says. “We welcome the opportunity to lend our expertise and play a role in the Mai-Kai’s future.”
It’s unclear how the Mai-Kai’s historical status — the restaurant was added to the
“It’s not something you can just bulldoze away and put up some apartments,” Berg says. “It’s a destination. It has intellectual property and history and goodwill. The wish is for the Mai-Kai to go back to what it was.”
Brothers and tikiholics Bob and
The restaurant is really a campus, with its rummy, ship-shaped Molokai Bar, gift shop and a winding, exotic garden adorned with tiki torches and wood-carved idols. But its main attraction had been the nightly Polynesian shows in the dining room, where saronged women served pupu platters while a symphony of fire-breathing dancers performed onstage.
This is a developing story. Check back for more information.
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