Record Makena Maui Resort Sale

Blog List

Jim Sanders Maui Real Estate Blog
Maui Real Estate Information and Resources

Record Makena Maui Resort Sale
Maui's Makena Resort sells for $575m

July 13, 2007

June 27, 2007 saw a major landmark in Maui resort real estate sales, with the sale of the Makena Resort to Morgan Stanley Real Estate and Dowling Company Incorporated, closing for a record $575m: making Maui's Makena Resort the largest single asset hotel transaction of 2007, and the second largest hotel transaction to date. Encompassing 1,800 acres of prime South Maui property, the 310 room Maui Prince Hotel and two luxury Maui golf courses sit atop approximately 500 acres, with 1,300 acres of undeveloped land making up the balance. The Dowling Company Inc's President, Everett Dowling, has said he is committed to developing Makena into the most environmentally sensitive community in the State of Hawaii.

During the forthcoming transition period, Prince Resorts Hawaii will continue operation of the Makena Resort until new management is established. In addition, all of the resort's union employees are expected to be retained as the new owners are expected to assume the current Longshore and Warehouse Union contract.

South Maui Real Estate
Makena Wailea Real Estate

Jim Sanders Real Estate, Inc.

Blogs for July 2007

Maui Real Estate by Area
North Shore Maui Real Estate: Spreckelsville Real Estate - Homes - Condos - Land Paia Real Estate - Homes - Condos - Land Kuau Real Estate - Homes - Condos - Land Haiku Real Estate - Homes - Land Keanae Real Estate - Homes - Land	Upcountry Maui Real Estate: Makawao Real Estate - Homes - Condos - Land Olinda Real Estate - Homes - Condos - Land Haliimaile Real Estate - Homes - Condos - Land Pukalani Real Estate - Homes - Condos - Land Kula Real Estate - Homes - Land Ulupalakua Real Estate - Homes - Land Kanaio Real Estate - Homes - Land

Maui Northshore Property Sitemap
Real Estate & Hawaii Resource Directory
	Web Services provided by Meyer Computer, Inc. Web Hosting & Design, Maui Hawaii