The Lehman Bros. Holdings Inc. has announced that they would be interested in selling the Ritz-Carlton Kapalua hotel on Maui sometime over the next few months. Lehman Brothers had helped to finance the resort before the owners filed for bankruptcy in 2008. Lehman Brothers gained control of the property after foreclosing on the loan. The hotel is located on a 54 acre resort and features a total of 463 guest rooms and suites. There are also six restaurants, a spa, and two championship golf courses on the property. Real estate experts believe that Hawaii’s improving tourism market and higher hotel occupancy rate is encouraging Lehman Brothers to liquidate this holding.
Source: Honolulu Star Advertiser, 3-6-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
