Maui Bay Villas timeshare on Maui Lu site set for completion in 2021
When completed, resort will be a first for Hilton Grand Vacations on Maui
The first phase of the Maui Bay Villas by Hilton Grand Vacations timeshare, on the site of the old Maui Lu in Kihei, is expected to be completed in the first quarter of 2021, according to a Hilton news release Friday.
When completed, the 388-unit Maui Bay Villas will be HGV’s first on Maui and 10th in Hawaii, the news release said.
“Our customers consistently rank Maui as one of their top requests for expanding our portfolio of resorts, and we’re thrilled to add this spectacular destination for our owners and guests,” said Mark Wang, president and CEO of HGV. “Expanding our brand presence to a third Hawaiian Island will further support net owner growth by attracting new customers and enhancing the experience we offer our current owners.”
Maui Bay Villas will be located on 27 acres bordered by South Kihei Road and Kaonoulu Street. The 388 units will include one-, two- and three-bedroom suites, averaging 962 square feet, in 12 one- to four-story buildings, HGV said.
Amenities planned include a clubhouse with a restaurant, keiki club, fitness center, grab-and-go market, a large pool and oceanfront beach club.
The initial phase of the project includes 131 units in four buildings, plus the clubhouse, pool, operations building and beach club, the project owner, Kupono Partners, told the Maui Planning Commission in December.
Sales are expected to begin in the first quarter of 2020, HGV said.
The second phase of four buildings with 149 units is expected to begin construction in September 2022 and open by August 2024. The third phase of four buildings with 108 units is expected to start construction in November 2025 and open by July 2027, the project owner told the commission.
Kupono Partners told the commission that it expected to invest $400 million in the project.
In December, Kupono Partners sought and received from the Planning Commission an extension for completion of the project until Dec. 31, 2027 — a seven-year extension.
The developers tore down what was left of the Maui Lu in February 2015. Kupono recently began pre-site work.
Hilton Grand Vacations Inc., headquartered in Orlando, Fla., develops, markets and operates a system of vacation ownership resorts in various vacation destinations, including Oahu and Hawaii island.