Thank you for your interest in The Residences at Kapalua Bay, Kapalua Resort's stunning oceanfront condominium development. This development is located on a 24 acre promontory, which is many visitors opinion, is one of the most beautiful scenic areas in all of Hawaii.
We are creating an interest list of names and contact information to send updates on the status of this magnificent property - please let us know if you would like to be kept informed.
You may be aware that the property went through an extended period of financial difficulty, resulting in a Foreclosure action by the Lenders in 2012. The Auction was conducted on December 3, 2012 and the high bidder was Island Acquisitions Kapalua, LLC, a lender based Joint Venture. The Court Confirmation for the sale was conducted on January 31, 2013, with additional bids being tendered by two new bidders, however Island Acquisitions Kapalua, LLC prevailed with a $100 M bid.
Lantern Asset Management, a member of Island Acquisitions Kapalua, LLC announced that Montage Hotels & Resorts was appointed as the new luxury management group for The Residences at Kapalua Bay on August 1, 2013.
Montage Hotels & Resorts is known for its luxury properties in Beverly Hills, Laguna Beach, Deer Valley, and is currently developing a Montage Cabo San Lucas. Here is a link to their website www.MontageHotels.com Their corporate philosophy is devoted to delivering an elevated guest experience with refined living spaces, impeccable hospitality, world class spas and an elegant, welcoming ambiance.
Lantern Asset Management and Montage Hotels & Resorts have already implemented plans for extensive multi million dollar improvements to the property. In another press release Montage stated that it will implement a 50 unit luxury hotel component, and a sales program that would market the remaining 56 wholly owned luxury 3 and 4 bedroom residences around mid 2014.
The Residences at Kapalua Bay includes 146 private Residences, of which 56 homes remain unsold.