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        <title>Maui Real Estate &amp; Lifestyle News</title>
        <link>http://www.luxuryrealestatemaui.com/blog/2016-11/</link>
        <description>Courtney M. Brown, Realtor (S) Blog: information on the Maui real estate market, trends, and listings. Homes, condos and land for sale.</description>
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    <guid>http://www.luxuryrealestatemaui.com/blog/ritz-carlton-kapalua-sells-to-new-joint-venture.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/ritz-carlton-kapalua-sells-to-new-joint-venture.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Ritz Carlton Kapalua Sells to New Joint Venture in November, 2016</title>
    <description> <![CDATA[ 
The Ritz-Carlton, Kapalua has sold to a joint venture between Ares Management, SMW Hospitality (Square Mile Capital Management and Wafra Investment Advisory Group) and Trinity Investments.





A BRIEF HISTORICAL OVERVIEW OF THE RITZ-CARLTON, KAPALUA


The Ritz-Carlton Kapalua property is comprised of 297 hotel guest rooms and 107 private condominium residences, situated on approximately 49 acres in the heart of the Kapalua Resort in West Maui.  


Back in 2007, the Ritz-Carlton, Kapalua underwent an extensive renovation.  As a part of the renovation, the North (Honolua Side) Wing was converted from hotel rooms to one and two bedroom condominiums known as the Residential Suites at the Ritz-Carlton, Kapalua.  Sales began in 2008, and 34 condominiums were sold prior to foreclosure in 2011.


In February, 2014, the Ritz-Carlton, Kapalua Hotel sold to a partnership between Woodridge Capital Partners, LLC and Colony Capital LLC and its affiliates, both Los Angeles based investment firms.  They began another renovation process to further enhance the kitchen areas and update furnishings.  The condominiums were rebranded the Ritz-Carlton Residences Kapalua.  Sales began in 2015, and 9 properties sold.  Sale prices ranged from $828,000 to $2,716,888, with an average sales price of $1,640,826.


As reported in Business Wire on November 21, 2016, “This acquisition of The Ritz-Carlton, Kapalua represents a significant opportunity to invest in one of Hawaii’s most highly-acclaimed resorts, and it fits squarely in our opportunistic strategy that focuses on development and redevelopment, with planned upgrades to further improve the guest experience for both leisure and group customers,” said Andrew Holm, Managing Director in the Ares Real Estate Group. “This project continues our long history of partnering with Trinity, which Ares has worked with in Hawaiian hospitality over 20 years on more than $1.2 billion in real estate investments, as well as our longstanding relationship with The Ritz Carlton’s parent company, Marriott.”


Ares (as AREA Property Partners) and Trinity Investments have already made significant investments in the Maui real estate market in the recent past with their acquisition of the Makena Resort as part of ATC Makena Holdings LLC.  ATC purchased the resort for a reported $95 million and has partnered with the Arizona based Discovery Land Company to develop the Makena Beach and Golf Resort.  Plans for the new resort include adding another course in addition to the the existing private golf course, a beach club, spa, fitness center, as well as residential, land and condominium offerings.  


It has not yet been reported what direction the new ownership group will take with regard to the 64 unsold condominium Residences.   At this time there are five active re-sale listings ranging from $948,000 to $2,950,000. View Current Ritz-Carlton Residences Kapalua Listings



 ]]> </description>
    <pubDate>Sat, 26 Nov 2016 14:34:10 -1000</pubDate>
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    <guid>http://www.luxuryrealestatemaui.com/blog/maui-style-indoor-outdoor-living.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/maui-style-indoor-outdoor-living.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>MAUI STYLE: INDOOR OUTDOOR LIVING</title>
    <description> <![CDATA[ 
The trend in architecture here on Maui for the past few years has been to create living spaces that open to embrace the outdoors--whether it be pocketing doors to open to spacious lanais, outdoor kitchens, or garden showers.


As featured in Island Sotheby's International Realty's article, The Best of Maui Indoor Outdoor Living, two of our listings are showcased for their seamless integration of tropical gardens, tropical breezes, and magnificent views into the living spaces.





199 Plantation Club Drive in the Plantation Estates features pocketing sliding glass doors in the dining and living rooms, giving way to a spacious lanai and an infinity edged pool.  The outdoor kitchen is a grill-master's delight.  Ideal for entertaining, the lanai offers several seating areas under covered lanais.  Watch the whales and Maui's magnificent sunsets from this tropical oasis, nestled in between the Pacific Ocean and Kapalua's Plantation Course.


Montage Residences Kapalua Bay Residence 1205 is the only residence with a private, fenced in garden overlooking Kapalua Bay.  This orientation to the Southwest is oriented to take advantage of Maui's spectacular sunsets and views of the sandy beach, while providing shelter from the prevailing trade winds. 


For more information on these listings and other homes that incorporate nature into their living areas, please contact me.



 ]]> </description>
    <pubDate>Fri, 18 Nov 2016 20:18:00 -1000</pubDate>
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