New York's iStar Financial settles lawsuit with Waikiki's Ilikai hotel unit owners

New York’s iStar Financial, which acquired more than 200 residential condominium units at the Ilikai Hotel in Waikiki through foreclosure more than five year ago, has settled a lawsuit with two individual owners of units at the condo-hotel, the head of the firm’s Hawaii regional office said. The lawsuit, which was filed in February 2013 against iStar and the Ilikai Association of Apartment Owners over the way iStar was marketing its units at the condo-hotel, was settled in March, according to…