KSL invests in hotels and golf courses, private clubs, real estate and travel services, focusing on underperforming or undercapitalized businesses. The firm was founded by the executives of a company formerly affiliated with Kohlberg Kravis Roberts & Co.

The properties in which KSL principals have invested include the La Quinta Resort & Club and PGA West in La Quinta, near Palm Springs; the Doral Golf Resort & Spa near Miami; the Grand Wailea Resort Hotel & Spa on Maui; the Arizona Biltmore Resort & Spa in Phoenix; the La Costa Resort and Spa in Carlsbad, California; and the Hotel del Coronado near San Diego. The new fund is considering acquiring resorts in the southeastern U.S., California, O'ahu, Mexico and the Caribbean.

Verizon Wireless upgrades Maui cellular coverage

Verizon Wireless said it has installed a new cellular site and made other upgrades to improve coverage for its Maui customers.

A new cell site in North Kihei improves coverage along Pi'ilani and Mokulele Highways, as well as Ma'alaea Harbor, the company said. In addition, recent upgrades have enhanced coverage in Kapalua.