Capbridge Pacific LLC has announced that they have purchased the 28-acre Maui Lu Resort at Kihei. The exact price and terms for the property have not been disclosed, but it has been reported that it was in the upper-$60 million range. According to Capbridge, the existing 150 unit property will be redeveloped into a Hilton Grand Vacations times-share with 388-units. The redevelopment will cost approximately $300 million and should be completed in 2017.
Source: Honolulu Star Advertiser, 11-28-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
