The Residences at Kapalua Bay & Montage: An Update   It has been announced that Montage Hotels and Resorts will take over as the operator of The Residences at Kapalua Bay.  The Pacific Business News reports this transition will take place later this summer (sometime in August).   In recent years, Montage Hotels and Resorts have received numerous awards and accolades, including World’s Best awards from Travel + Leisure and Conde Naste Traveler.  In a 2008 interview with Montage CEO Alan Feurstman, Estates West for their “15 to Watch” edition revealed his philosophy: ‘“[Our] commitment is to an incredible sense of place,” he says.  And this vision is apparent in each of the stunningly elegant settings he brings to life, with every one of his hotels reflecting the distinct architecture and... 06/04/2013

The Ritz-Carlton, Club and Residences is Kapalua Resort's newest condominium property.  Launched in 2009, the property consists of 84 wholly owned condominium units and 62 fractional ownership units (1/12th ownership).  As many of you know, the lienholders for the Ritz-Carlton Club and Residences, Kapalua Bay development filed for foreclosure earlier this year. At the initial foreclosure hearing in December, Island Acquisitions bid $55 million. The foreclosure is subject to court confirmation in January, 2013 and bidding can be reopened at 105%, or $57.5 million.On December 31, 2012, the current management contract with Ritz-Carlton management will expire. It is my understanding that Timbers Resorts is being considered as the interim management for the property at the start of the new y... 12/19/2012