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Hanalei Bay was bought by Trading Places and this company is busy restoring it with the hope of getting it back to its original 5 star . The condo fees are extremely high ( $ 980 ) with an added special assessment fee of $300 for odd years and $600 for every year owners. This special assessment is to cover the costs of redoing the entire resort , complete with new furnishings . I am sure that in a few years Hanalei Bay will once again look beautiful . You can go into the resorts website and read about the restorations . Trading Places seems like a very reputable company and has taken it upon themselves to" fix "this resort . I wish them well .