More Info… The Residential Suites at Ritz-Carlton on West Maui

The Kapalua resort is being expanded to create a new village center, a new golf course, a new beach club, and a luxury 25000 square-foot spa.  Over 80 miles of hiking trails in the West Maui mountains and coastal paths are becoming features of a Kapalua Adventure Center.  Owners of the residential suites will be able to make a convenient walk to the new village center while enjoying some of the stunning Kapalua views.

Buying The Residential Suites at Ritz-Carlton in Kapalua is a time-sensitive opportunity.  The following overview from Tony Prock, a Property Specialist, contains some excellent points regarding this and is published with permission.  This information at the time of posting is deemed accurate, but should not be relied upon without independent verification.

I would be pleased to make sure you get additional information you need and start the process for you to be part of the selection event.

Aloha,

Sheila

Why should your 2nd home purchase be a Hotel-Condominium?

• The shift is moving towards hotel-condo's.  All of the big brands are engaging the hotel-condo model:  Four Seasons, Trump, Ritz-Carlton, etc.  Recent sellouts at Trump Tower Waikiki, Hard Rock San Diego illustrate the success and popularity of this model.

• 100% Fee-simple, whole-ownership -  like any other condo, you can sell it, will it, and enjoy the added benefit of having a world class management company overseeing the rental component for you.  For many people, this makes sense as most second homes sit vacant for 11 months per year.  This way, use it when you want to and then have the professionals looking after it while you are away.  You can sit back and enjoy your portion of the profits.

• Smart Real Estate:  This will be fee-simple, whole, hassle free ownership.  A fully managed, professionally marketed 2nd home you and your family can enjoy for many years to come.

• Baby-boomer Demographic:  There are approximately 78,000,000 "boomers" - many with a good bit of time and money to enjoy life.  They seek out real estate that is management free and are purchasing hotel-condo's in various locales:  desert, oceanfront, ski resorts, etc. Boomer spending should hit its high in 2011.  Generation Xer's are right behind them - last year was the first year Gen X outspent the Boomers.

• Resale:  In my experience, hotel-condo's have a high level of liquidity as they enjoy a "built in" marketing program.  Each day, there are literally hundreds of people coming through the hotel, falling in love with the experience.  In contrast, a typical resale home which is having an open house may only see a few people each day.

Why Ritz-Carlton, Kapalua?

• Only Ritz-Carlton Hotel in the Hawaiian Islands.

• Internationally recognized, paramount oceanfront location.

• Very limited offering of only 107 fully-furnished Residential Suites which will be professionally managed by the Hotel.

• $160 million renovation is nearly complete and owners will have access to all of the amenities and services of the Hotel.

• Kapalua is one of the most popular resort destinations in all of Hawaii.

• When you speak to those in the area, you will learn that there is short supply of quality accommodations.

• There is simply not much oceanfront real estate available creating a supply shortage for the most desirable locations on Maui.

• Upcoming resort master-plan catapults the potential of the Kapalua resort.

The Renaissance of the Kapalua Resort

• Creation of a vibrant new pedestrian friendly village featuring an array of shops and storefronts which will be centrally located within walking distance from the Hotel.

• Addition of a private, members only Beach Club.

• Addition of a private, Tom Fazio designed golf course and clubhouse.

• Addition of a new Kapalua Adventure Center featuring an array of new outdoor lifestyle amenities, recreational activities and eco-adventures such as a zip-line/canopy tour, suspension bridge, high-ropes challenge course, etc.

• Unprecedented, privileged access to the resort's 23,000 natural, park-like acres through the development of 100+ miles of walking/hiking/biking trails including a 3 mile oceanfront trail system.

Now, if you could turn back the clock and could accurately forecast the growth and expansion in your favorite resort locale (Aspen, Lake Tahoe, Wailea, etc.), would that have been a difference maker for you?  Kapalua has yet to experience this growth.  It is the only resort in all of Hawaii which ranges from mauka to makai (mountain to ocean).  

Ukumehame on West Maui

The Ukumehame development represents a unique opportunity to own agricultural-zoned land where you can build your dream home. Located between Maalaea and Lahaina, this location offers convenient living in a beautiful part of West Maui.