Hospitality Leaders Hospitality Leaders Menu 0
Google Translate
Hospitality Industry News, Hotel Development

Maui?s Ritz-Carlton, Kapalua acquired by Woodridge Capital

Profile Photo By: H L
March 3, 2014

Maui?s Ritz-Carlton, Kapalua acquired by Woodridge Capital

Hospitality News: Maui?s Ritz-CarltonThe Ritz-Carlton,?Kapalua Resort?on Maui has been sold to Los Angeles-based firms Woodbridge Capital Partners and?Colony Capital, and its affiliates including Colony Financial, for an undisclosed price.

Previous reports said that the hotel was expected to sell for more than $200 million.

The new owners say they intend to make further investment to enhance the resort, which will continue to be operated by The Ritz-Carlton Hotel Co.

?The combination of The Ritz-Carlton brand, a welcoming and nurturing Hawaiian culture and the nature and magic of Maui will make an unbeatable combination,? Colony Capital Chairman and CEO?Thomas Barrack, Jr.?said in a statement.

Built in 1992, the luxury hotel in West Maui?s Kapalua Resort has 463 guestrooms, including 107 residential suites.

It underwent a $190 million renovation in 2007, including the introduction of The Ritz-Carlton residences.

Click here to read more.

Source Pacific Business News,

Propuestas de noticias

acceso total

Obtenga acceso total a las noticias del sector de la hostelería

Regístrese ahora. Es gratuito
O importe su información desde