A Hong Kong-based company is now the sole owner of the Four Seasons Oahu.

Ko Olina master developer Jeff Stone’s company, The Resort Group, announced Monday that it has sold its interest in the Four Seasons Resort Oahu to its partner, Hong Kong-based Henderson Land Group. The deal closed Monday for an undisclosed price.

“Henderson Land Group (Intco) became our partner after we acquired and created the Four Seasons Resort Oahu,” Stone said Monday in a statement. “It is our hope that Henderson will be a long-term partner and continue the community-based vision for the property.”

>> PHOTOS: Four Seasons Resort Oahu at Ko Olina has a new owner

A reopening date for the property, which closed for the pandemic in March, has not been announced. The deal casts some uncertainty on the fate of the nonunion resort’s 800 employees, who have been furloughed with full medical benefits since March. It also raises questions about whether Stone’s prior plan to expand the Four Seasons resort by adding residential condominiums will proceed.

The Four Seasons Resort Oahu at Ko Olina opened in May 2016 after a roughly $500 million transformation of the former J.W. Marriott Ihilani Resort & Spa.

About 500 workers lost their jobs when Ihilani, which was the first hotel built at the Ko Olina Resort, closed in January 2015. However, some were rehired by the Four Seasons, which expanded staff to fulfill its luxury service requirements, or other resorts in Ko Olina, which is West Oahu’s largest employer.

“Mr. Lee Shau Kee, owner of the Henderson and Intco companies, and now the sole owner of the Four Seasons Resort Oahu, also co-owns the Four Seasons Hong Kong which has safely served guests and retained employees throughout the pandemic,” Stone added in his statement. “Now that I have stepped aside and reopened Ko Olina’s lagoons, golf course and marina, I expect the Henderson team will follow suit and ensure Four Seasons’ employees return to work as soon as possible.”

A representative for the Henderson Land Group could not immediately be reached for comment.

Honolulu Councilwoman Kym Pine said she was saddened to hear that Hawaii has lost another local hotel owner.

Pine said it’s her hope that the new owners “will continue to have employees that are very satisfied with their jobs, and that means that they will take good care of them.”

“We’ll have to watch this and make sure that the parts of Hawaii that are for sale don’t negatively affect culture and values and the way that workers are treated,” Pine said.

Keith Vieira, principal of KV & Associates, said he expects the new owner will try to hold onto employees as long as possible, given that it was challenging for the Four Seasons Oahu to find and train enough West Oahu residents to meet its luxury standards.

“They won’t want to lose valuable employees,” Vieira said. “Also, sometimes paying medical is cheaper than severing employees.”

The sale comes as Ko Olina is in various stages of reopening. Marriott’s Ko Olina Beach Club is currently open, along with the Ko Olina Golf Club and the Ko Olina Marina. A phased reopening of Aulani, a Disney Resort & Spa, begins Nov. 1.

“We are doing our very best to assist our resort properties in a manner that will enable them to host visitors safely,” Sweetie Nelson, director of destination marketing for Ko Olina, said in a statement. “Our primary goal is to get our employees back to work safely and in a timely manner.”