The JW Marriott Ihilani Resort & Spa at Ko Olina Resort in Hawaii will close in early 2015 and undergo an extensive renovation and reopen "under one of the top luxury brands in the world," according to a letter to Ko Olina residents from master developer Jeff Stone obtained by PBN. Stone's letter, dated Thursday, says his company, The Resort Group, is repurchasing the Ihilani from Cornerstone Real Estate Advisors "following the expiration of Marriott International's management agreement" on Dec.…
