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Article: Waimea's sugar shacks. (Mike Faye family and vacation rental business) (company profile)
- Article from:
- Hawaii Business
- Article date:
- July 1, 1988
- Author:
CopyrightCOPYRIGHT 1988 Hawaii Business Publishing Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Waimea's sugar shacks
The Faye family is sweet on the vacation rental business. By Melissa Chang
In 1982, among the casualties in Hurricane Iwa's wake, were plantation homes owned by the Kikiaola Land Co. Damage to the cottages amounted to about $1 million, a devastating blow to the small Waimea-based operation. But instead of razing the properties, clearing the land and starting anew, Mike Faye, manager of the family-owned business, had other plans. He repaired, renovated and transformed a number of the plantation-style homes into full-on vacation rental cottages -- a project that his family had considered tackling for more than two decades.
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