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Montage Kapalua Bay — a 24-acre beachfront resort on Maui — has been acquired by KWC Management, LLC, a Tennessee-based hospitality investment management company. This follows an "engagement that began in the early spring," according to an announcement from KWC Management.
"Since first visiting Hawaii in the early 1980s, we have held a profound respect for the Islands, their culture and people, and we have grown only more intrigued through the process of making Montage Kapalua Bay part of our portfolio," said Webb Wilson, CEO of KWC Management, in a statement. "In light of the current tragedy, we grieve for the people of Maui. We intend to find ways to be involved in caring for the displaced residents and community of West Maui."
White Label Asset Management will assist in managing the property, according to the announcement. The terms of the deal are not being disclosed, a spokesperson for KWC Management told PBN in an email.
Montage Kapalua Bay features 146 residences, a multi-tiered lagoon pool, a 40,000-square-foot spa, four restaurants and bars, more than 28,000 square feet of outdoor event space, a room for indoor meetings and functions, and more.
KWC Management is the hospitality investment management arm of its parent company Kemmons Wilson Companies, LLC, and invests in hospitality assets across the U.S.
Kemmons Wilson Companies, LLC, is a single-family office primarily known as the founding enterprise behind the Holiday Inns hotel chain and Holiday Inn Club Vacations. Its affiliated companies have invested nearly $2 billion in hospitality-related acquisitions, according to the announcement.