Posted on: Friday, March 11, 2005
BUSINESS BRIEFS
2nd phase of subdivision sold
Advertiser Staff and News Services
Centex Destination Properties reported selling a second phase of 90 units, mostly townhomes, at its subdivision at Ko Olina Resort & Marina for $73 million, or an average of $811,000 per unit.
The Dallas-based company is developing 324 single-family homes and townhomes at the West O'ahu resort. Last year Centex sold 102 townhomes and 46 single-family houses in its first phase of the Ko Olina Kai Golf Estates and Villas project, averaging $750,000 for each.
The second-phase units, comprising 78 townhomes and 12 single-family houses, are expected to be ready for occupancy during the first three months of next year.
The Big Island Visitors Bureau is meeting with media in New York this week to promote the Big Island as a travel destination.
More than 400,000 U.S. East visitors traveled to the Big Island last year. New York is the island's third largest market after Los Angeles and San Francisco.
The Big Island Visitors Bureau has met with media in Texas and Colorado, and has scheduled visits to Los Angeles, San Francisco, Seattle, Portland and Vancouver, Canada, later this year.
The Hawai'i Tourism Authority is aiming to help raise visitor spending by 6.1 percent this year to about $11.2 billion.
The HTA also set a target of nearly 7.2 million visitors, 3 percent more than last year and a record number of tourists. The targets are based on several assumptions, including favorable consumer confidence, a strong U.S. economy, and a weak dollar.
Aloha Airlines, which filed for bankruptcy protection on Dec. 30, ended January with a balance of $5 million, up from the $2.9 million it started the month with, according to the company's first monthly operating report to the U.S. Bankruptcy Court.
Big Island goes after Big Apple
Visitor spending target is $11.2B
Aloha had $5M after January
