Destination acquires Classic Resorts properties
Ka‘anapali Ali‘i among properties switching hands
The Maui News
Destination Residences Hawai’i has acquired five luxury condominium resorts, including the Ka’anapali Ali’i, and vacation homes on Maui and Hawaii island from Classic Resorts Ltd.
Destination announced the purchase of the 363 rental units from Classic on Tuesday, which doubles its collection of luxury units. Terms were not disclosed.
In addition to the Ka’anapali Ali’i in the Kaanapali Resort, other properties Destination purchased on Maui include the Lahaina Shores Beach Resort and Pu’unoa Beach Estates in Lahaina town.
The newly acquired operations on the Big Island are on the Kohala coast in the Mauna Lani Resort. Properties included Mauna Lani Point, The Islands at Mauna Lani and Champion Ridge, as well as luxury private homes at The Cape and The Point Estates and Nintendo and Toyota corporate homes.
“Destination Residences Hawai’i has over 30 years of demonstrated success in hospitality management in Hawaii with an authentic appreciation for Hawaiian culture and values,” said Michael Cuthbertson, area managing director of Destination Residences Hawai’i. “We are excited to effectively double the size of our portfolio with the addition of these prime luxury properties, and we are proud to welcome the Classic Resorts team members to our ohana.”
Already part of Destination’s portfolio are the Makena Surf, Polo Beach Club, Wailea Beach Villas, Wailea Ekahi Village, Wailea Ekolu Village, Wailea Elua Village and Wailea Grand Champions on Maui and The Lodge at Kukui’ula in Poipu, Kauai.
Destination Residences Hawai’i offers residential-style vacation rentals with hotel services in beach-, ocean- and golf-front resorts. The Hawaii unit is part Colorado-based Destination Hotels, with more than 40 luxury independent hotels, resorts and residences on the Mainland.