Iconic Kona hotel sells for $21M

  • The iconic Kona Inn Shopping Village and Kona Bay Hotel in Historic Kailua Village are up for sale. (Laura Ruminski/West Hawaii Today)

  • The iconic Kona Inn Shopping Village and Kona Bay Hotel in Historic Kailua Village are up for sale. (Laura Ruminski/West Hawaii Today)

A West Coast-based private equity firm recently purchased the iconic Kona Bay Hotel in the heart of Kailua Village.