The Ritz Carlton Kapalua has sold yet again for the second time in the past two years. Trinity Investments and Area Property Partners accrued the five-diamond, AAA 49-acre property with a county tax assessment of $40.7 million. On the hillside of west Maui, it is is one of Hawaii's most prized and highly acclaimed resorts. Originally built in 1992, it was closed for an extensive renovation in 2007 which included converting some rooms to condominiums. Past Trinity investments on Maui include the Fairmont Kea Lani in Wailea, The Embassy Suites in Kaanapali and Honua'ula (aka Wailea 670) in Wailea. This recent acquisition sets the tone for improved upgrades in both leisure and group guest experience on the west side. I will continue to keep you apprised as the next chapter unfolds.
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Gary Mooers, R(B)
Labels: Kapalua, Lahaina, Luxury, maui real estate, maui realtors, ocean front real estate, Ritz Carlton, shopping and entertainment, vacation property in Maui