After more than six years of service, Matt Bailey has resigned as managing director of the 780-room Grand Wailea, Maui's largest hotel property, Bailey confirmed Friday.
Bailey resigned Aug. 14, said Jerry Gibson, Hilton Hawaii area vice president.
"We appreciate Matt's contributions during his years of service with us and wish him well on his future endeavors," Gibson said in a written statement. "The company looks forward to filling the managing director position as expeditiously as possible."
Gibson did not address the reason for Bailey's resignation. He had been managing director at the Grand Wailea since 2007. The South Maui hotel is a Waldorf Astoria resort.
"Unfortunately, I have no comment," said Bailey, when reached on his cellphone Friday afternoon.
The Haiku resident said his immediate plan was to remain on the Valley Isle.
"Maui is my home, and I hope to stay here," he said. "Both of my children (now 19 and 21 years old) were born here."
Bailey said he first moved to Maui in 1983. Aside from the Grand Wailea, Bailey has held senior management positions at the Ka'anapali Beach and Kapalua Bay hotels. He also served in management at the Manele Bay Hotel on Lanai when it was owned by Castle & Cooke.
Kai Pelayo, director of operations, has been fielding calls to fill the managing director vacancy, a hotel official said.
Bailey declined to say whether his resignation was connected to the hotel's new ownership.
In February, a New York bankruptcy judge approved a plan to sell the Grand Wailea and three other U.S. luxury resorts to the Government of Singapore Investment Corp.
The corporation pledged to pay $1.5 billion to a resort group owned by hedge fund Paulson & Co., MSR Resort Golf Course LLC, for the properties. Aside from the Grand Wailea, those properties included the La Quinta Resort & Club and the PGA West golf course in La Quinta, Calif.; the Claremont Resort & Spa in Berkeley, Calif.; and the Arizona Biltmore Resort & Spa in Phoenix.
The hotels had been under bankruptcy protection since February 2011.
The Singapore corporation is a sovereign wealth fund that manages that country's foreign-exchange reserves. The fund manages an estimated $300 billion in diversified assets in more than 40 countries.