Two new Matson bhotels/b were built on Waikiki in the 1950s, the SurfRider in 1951 and the Princess Kaiulani in 1955. In 1955, Matson undertook a $60 million shipbuilding program which produced the South Pacific liners Mariposa and Monterey, ... In 1969, Matson became a wholly owned subsidiary of Alexander &bBaldwin/b, Inc., strengthening the business ties that formally date back to 1908, when A&B invested $200000 to acquire a minority interest in Captain Matson's company. ...
