Today union workers at the Ilikai voted to ratify an agreement that will enable the hotel to reopen soon. The owner, iStar Financial LLC, had closed the Ilikai’s 203 hotel units last week to cut operating losses of hundreds of thousands of dollars a month. The Ilikai’s 806 condominium and timeshare units were not directly affected by the closure.

Under the new contract, 50 out of the 75 workers that were laid off will be rehired. Their wages and benefits will remain intact. The majority of the 25 workers who will not be rehired were employed in the food and beverage department. They will not be rehired because the owner said it will no longer be operating food and beverage services.