Leaders from Kamehameha Schools and Hualalai Academy have signed a Letter of Intent that allows for a due diligence period for Kamehameha Schools to purchase the buildings and land comprising the Hualalai Academy’s campus.
“We only recently learned that this property was available to purchase so we are not prepared at this time to share more details,” said Dee Jay Mailer, CEO of Kamehameha Schools. “I can say, though, that we recognize and appreciate the good work and effort that the leadership, faculty and staff have dedicated to the Academy over the years in serving their community.”
Dr. Matthew James, President of Hualalai’s Board of Directors said, “We have as our priority the closure of our school in the best of ways, allowing us to meet our obligations to our students and families, our teachers and staff through the end of the school year. Having an offer from Kamehameha Schools is good news in that it allows us to cement our plans to successfully complete our school year and close school operations prior to turning over the facility.”
“We are excited by this opportunity,” CEO Mailer added. “However, our due diligence is just beginning and there is much to do before we conclude this transaction. In the meantime, we send our aloha and best wishes to the entire Hualalai Academy ‘ohana and the community they serve as they complete this most important school year.”