Hotel Online
News for the Hospitality
Executive
|
Kapalua Bay LLC to
Redevelop Kapalua Bay Hotel
$300 Million Project Slotted to Get Underway in Spring
2006
Business Editors/Real Estate Writers/Travel & Hospitality Writers
KAPALUA, Hawaii (Jan. 14,
2005) --Kapalua Bay, LLC, a partnership of Maui Land & Pineapple
Company, Inc. (AMEX:MLP), Marriott International and Exclusive
Resorts(SM), LLC, announced today that it will redevelop the Kapalua
Bay Hotel and neighboring Kapalua Shops property beginning in the
spring of 2006. Kapalua Bay, LLC voluntarily filed an environmental
impact statement preparation notice with the State Office of
Environmental Quality Control yesterday to assess the project's impacts
on the environment and the surrounding community.
The Kapalua Bay Hotel, currently operated by
Marriott's Renaissance brand, is at the center of ML&P's
redevelopment plans for the revitalization of the Kapalua Resort. The
196-room hotel is planned to be razed in the spring of 2006, making way
for a new destination property that will have both transient and
residential units including The Ritz-Carlton Club fractional ownership,
condominium residences, an oceanside spa and a beach club. The design
is still underway, however, the new buildings will be set back further
from the coastline than the existing buildings to enhance shoreline
access and a shoreline trail will be created and connected to Kapalua's
expanding trail system.
"Kapalua Resort is
undergoing a significant transformation as we reposition the
destination at the pinnacle of the Hawaiian hospitality industry. Our
partnership's redevelopment of the Kapalua Bay Hotel is critical to the
resort's successful revitalization," said David C. Cole, Chairman,
President & CEO of ML&P. "We will create a unique experience at
Kapalua Resort through the Bay Hotel redevelopment, the creation of
Hawai`i's first destination health and wellness village, in partnership
with Miraval, Life In Balance, and the enhancement of the resort's
golf, retail and restaurant experiences."
The new facilities and expanded amenities at
Kapalua Resort are expected to create hundreds of additional job
opportunities, although there will be a temporary reduction in
opportunities resulting from the closing of the Kapalua Bay Hotel
during the redevelopment period. Kapalua Bay, LLC will do its best to
coordinate job placement within the Kapalua Resort community or secure
employment elsewhere during the redevelopment.
"We value each of our associates and understand
that the temporary changes may be challenging. We are looking at
opportunities for associates to transfer to positions within the resort
community and to other Marriott facilities, once the redevelopment
commences," said Stan Brown, V.P. Pacific Islands & Japan for
Marriott International.
The Kapalua Bay
Hotel will continue to provide quality accommodations and hospitality
through investment in its employees and the upkeep of the property
until redevelopment begins in the spring of 2006. The remainder of the
Kapalua Resort community, including the 548-room Ritz-Carlton, Kapalua,
will continue to provide its award-winning hospitality without
interruption from the redevelopment, which is expected to be completed
in the spring of 2008.
Maui Land &
Pineapple Company, Inc., a Hawai`i corporation and the successor to a
business organized in 1909, owns approximately 29,000 acres on Maui.
Its primary operations presently include cultivating, processing and
distributing Maui-grown pineapple, operating the Kapalua Resort, and
creating and managing holistic communities on Maui. The master-planned
Kapalua Resort, a destination resort in West Maui, encompasses three
beaches, 54-holes of award-winning golf, the 548-room Ritz-Carlton,
Kapalua, the 196-room Kapalua Bay Hotel and the 292-unit Kapalua
Villas. The resort hosts the annual Mercedes Championships, Celebration
of the Arts, Kapalua Wine and Food Festival and LifeFest Kapalua. For
more information please visit www.mauiland.com.
Marriott International is a leading lodging
company with nearly 2,800 lodging properties in the United States and
69 other countries and territories. Marriott International operates and
franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton,
Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield
Inn, SpringHill Suites, Ramada International and Bvlgari brand names;
develops and operates vacation ownership resorts under the Marriott
Vacation Club International, Horizons, Marriott Grand Residence Club
and The Ritz-Carlton Club brands; operates Marriott Executive
Apartments; provides furnished corporate housing through its Marriott
ExecuStay division; and operates conference centers. The company is
headquartered in Washington, D.C., and has approximately 128,000
employees. In fiscal year 2003, Marriott International reported sales
from continuing operations of $9 billion. For more information or
reservations, please visit www.marriott.com.
Exclusive Resorts, LLC is the leader of the new
consumer segment of luxury residence clubs. Exclusive Resorts offers
its members unprecedented access to a portfolio of over 145 of the
finest luxury vacation residences in dozens of the world's most
desirable destinations. With an average value of $2.5 million, each
residence combines the spaciousness and elegance of a private home with
the services, amenities and conveniences of a luxury resort. Membership
in Exclusive Resorts eliminates the burdens of owning a second home and
the uncertainties of renting a villa. Exclusive Resorts has received
acclaim from prestigious media, including being recognized as the
finest luxury residence club by Robb Report in its 16th Annual "Best of
the Best" issue. The Company is based in Denver, Colorado and
Washington D.C. For more information on Exclusive Resorts, please call
800.447.8988 or visit www.ExclusiveResorts.com.
Copyright Business Wire 2005
advertisement
To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch
Home
| Welcome| Hospitality News | Classifieds|
Catalogs&
Pricing |
Viewpoint
Forum | Ideas&Trends
| Press
Releases
Please contact Hotel.Onlinewith
your comments andsuggestions.