Updated at 2:30 p.m., Friday, February 9, 2007
Investment group buys Makena Resort & Maui Prince
Advertiser Staff
An investment group including Maui developer Everett Dowling, high-end hotel owner Trinity Investments and Morgan Stanley Real Estate are buying the 1,800-acre Makena Resort and the Maui Prince luxury hotel for $575 million.The deal is scheduled to close on March 27.
The seller, Japan-based Seibu Group, announced last fall that it was seeking a buyer for the upscale resort property, which includes the 310-room Maui Prince, two 18-hole Robert Trent Jones Jr.-designed golf courses and 1,300-acres of undeveloped land.
