MAKENA RESORT SALE CLOSES

June 28th, 2007

The sale of the Makena Resort closed yesterday.

 

The $575 million sale of the Makena Resort, including the 310-room Maui Prince Hotel, closed Tuesday, the hotel and Lokelani Resort Corp., a subsidiary of Seibu Railway Co., announced Tuesday. The buyers are Morgan Stanley Real Estate and Dowling Co….Aside from the hotel, the 1,800-acre property includes two 18-hole Robert Trent Jones-designed golf courses and about 1,300 acres of undeveloped land.

 

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