Maui updates

Larry Ellison to buy Hawaiian island
Luxury hotel properties in $600 million sale include the Four Seasons Resort Lana’i at Manele Bay & Four Seasons Resort Lana’i Lodge at Koele, 2 championship golf courses and other assets. (6/12)

Grand Wailea resort settlement reached
Grand Wailea hotel resolves Hoolei height limitation complaints for resort developments in the Kihei-Makena Community Plan (3/12)

In Wailea, new Andaz resort concepts promised
Former Wailea Renaissance Hotel will have 19 oceanfront villas for sale at Maui luxury resort, former AAA Five Diamond property (12/11)

Singapore takeover of 780-room Grand Wailea Resort Hotel & Spa in Wailea, Hawaii possible
Singapore’s sovereign-wealth fund is forcing an auction of four massive luxury U.S. resorts, setting up the fund for a confrontation with the existing owners: a group led by hedge fund Paulson & Co. and Boston-based Winthrop Realty Trust. At stake is control over some of the most-prestigious hotel properties in the U.S., including the 780-room Grand Wailea Resort Hotel & Spa in Wailea, Hawaii. The properties have been operating under bankruptcy-court protection for the past 18 months, after prior owners were unable to pay off $1.5 billion in mortgages. (8/12)

Olowalu Town plan draft EIS available
Plans for the Olowalu Town project call for the development of a variety of dwellings, including single-family homes, apartments, townhouses, live-work units, cottages, rural homes and farmsteads.   (3/12)

Honua‘ula at center of lawsuit by Sierra Club and Maui Unite
Wailea Sierra Club lawsuit over Honua’ula real estate development featuring 1,150 homes and condos on 670 acres above Wailea Resort. The project is expected to include an 18-hole golf course and clubhouse, retail and commercial components, a 12-mile network of trails and bike paths, and a 40-acre preserve for native plants.  (10/12)

Millions for couple who sued condo association
Jurors supported all 11 of the homeowners’ claims, including negligence, conspiracy, infliction of emotional distress, and violations of Hawaii’s condominium laws and the federal Racketeer Influenced and Corrupt Organizations Act.  (3/12)

Mixed-use makeover planned at Maui Research Technology park 
A village center, residential areas, a business hotel near Wailea, expansion of knowledge-industry firms, and open space and parks are planned to complement Boeing, the Maui High Performance Computing Center and the Air Force Maui Optical and Supercomputing observatory operations already thriving in the R&T park.  (6/12)

Kilohana Ridge CC&R’s 
Towne Brown LLC’s Kilohana Ridge Declaration of Covenants, Conditions and Restrictions (CC&R’s) as of 6-03.  (Offered as-is as a consumer service with no guarantees as to accuracy or completeness.)

Maui County “Show Me The Water” ordinance 
Before the Show Me the Water ordinance, Maui County expected developers to provide water or to cooperate with the county in developing sources of water. Wouldn’t it be better, he asked, to complete the Maui Island Plan, assess the possible resources and then propose a program to deal with it? The Department of Water Supply developed some sources on its own, but notably not for Upcountry, where the pressure for new meters is sharpest.   (1/12 & 4/12)

Honua‘ula EIS approval ‘big, big milestone’
Wailea 670 environmental report for luxury golf community clears Maui Planning Commission approval   (7/12)

Honua‘ula at center of lawsuit by Sierra Club and Maui Unite
The 670-acre development above Wailea Resort is expected to include 1,400 homes and condos, an 18-hole golf course and clubhouse, a 12-mile network of trails and bike paths and a 40-acre preserve for native plants.  (10/12)

Groups dig in against mega-malls in S. Maui
Maui Tomorrow, South Maui Citizens for Responsible Growth and Kihei resident Daniel Kanahele last month filed appeals with state and county agencies challenging the project being built on land zoned for light industrial use. (6/12)

Ritz-Carlton Hotel and Kapalua Bay project to get new luxury residence management in $55 million sale
A high bid of $55 million in the bankruptcy auction will lead to new management for condominiums that were initially priced between $3.9 million and $9.8 million.   With new ownership coming, the financially troubled Residences at Kapalua Bay appears poised to turn the corner. (1/13)

Singapore government agency to purchase Grand Wailea resort out of bankruptcy
The buyer is a sovereign wealth fund that manages Singapore’s foreign-exchange reserves. The fund manages an estimated $300 billion in diversified assets in more than 40 countries. (1/13)

For sale:  Aston Maui Lu Resort, Kihei/Maui
The existing complex of multilevel buildings and individual bungalows sits on prime oceanfront land with 600 feet of shoreline and six miles of state-owned white-sand beach on either side.  A potential sale price from a weekly newsletter focused on investing in the U.S. commercial market, estimates the resort’s sale could attract bids of approximately $68 million.  (9/12)










Leave a Reply

Your email address will not be published. Required fields are marked *