A Los Angeles-based hotel and golf course company has agreed to buy the Queen Kapiçolani Hotel in Waikïkï and the Mililani Golf Club from local developer Bert A. Kobayashi.

Terms of the sales, which are expected to be completed Oct. 15, were not disclosed.
Kobayashi, principal owner of the real estate development and consulting firm Kobayashi Development Group LLC, had acquired the two properties as part of a bigger purchase from troubled Japanese company Sports Shinko seven years ago.
The buyer is LA Koreana Inc., an experienced hotel and golf course owner and operator with properties in Korea, Japan and the Mainland.