Posted at 12:55 p.m., Thursday, March 29, 2007
Kona Village Resort sold to Dell-led investment group
Advertiser Staff
Computer mogul Michael Dell's investment firm and a partner completed their purchase of Kona Village Resort on the Big Island from Ty Warner Hotels and Resorts LLC.A sale price wasn't disclosed, though Ty Warner is retaining an "economic interest" in the property. All resort employees were retained.
The buyers, Dell's MSD Capital L.P. and investment management firm Rockpoint Group LLC, said they are considering plans to refurbish the resort, and also envision long-term opportunities to create synergies between Kona Village and the adjacent Hualalai Resort while maintaining the uniqueness of both properties.
MSD and Rockpoint last June bought the 865-acre Hualalai Resort, a master-planned residential resort community that includes the Four Seasons Resort Hualalai. Kona Village is a luxury resort that opened in 1965 with 125 thatched-roof bungalows on 82 acres.
