Maui. Fractional ownership sales start at Kapalua Bay

Tuesday, 18 July 2006

Kapalua Bay, the newest real estate offering at the beautiful Kapalua Resort in West Maui, announced the start of contract sales for its fractional ownership residences -- The Ritz- Carlton Club, Kapalua Bay.

Set amid a tropical, oceanfront setting overlooking "America's Best Beach," the private club offers 62 elegant, island-style residences sold in deeded, one-twelfth interests. Members can stay 21 or more days per year in fully furnished two- and three-bedroom residences ranging from 1,770-2,090 square feet. Prices range from $300,000-$700,000, per interest.

The Ritz-Carlton Club, Kapalua Bay is Hawaii's first fractional ownership real estate. The Club offers luxurious Ritz-Carlton services and the benefits of second home ownership, but without the maintenance responsibilities. Members will enjoy lifestyle comforts like unpacking and pressing of pre-sent garments, provisioning of their residence and arranging itineraries for the entire family, as well reciprocal use privileges at other Club locations.

"We're offering the incredible beauty and relaxed tranquility of Kapalua Resort -- with Ritz-Carlton at your service," said Jeffrey Berger, project director for The Ritz-Carlton Club, Kapalua Bay. "Club Members will appreciate this world-class vacation experience coupled with an intimate residential environment."

Also featured are luxurious, privately owned condominiums known as The Residences at Kapalua Bay. These 84 opulently-designed, three- and four- bedroom floor plans range from 3,000-4,200 square feet and include Ritz- Carlton property management and services. Prices start at $4 million.

All residences include a large outdoor lanai opening to panoramic ocean views, gourmet kitchen and private garden entryway.

"These new vacation homes will offer spectacular ocean and neighbor island views in Hawaii's most beautiful resort setting, while complemented by Ritz- Carlton services," said Ryan Churchill, president of Kapalua Bay, L.L.C. "This real estate opportunity has witnessed early success offering different choices. People can stay for a month in a fractional residence or stay for a lifetime in a wholly-owned condominium."

Residents will enjoy a 6,100 square-foot beach club and 8,500 square-foot pool area with bar and grill, and have access to a 25,000 square-foot spa and exclusive dining and golf privileges at Kapalua Resort.

Construction begins this fall with occupancy targeted for late 2008.

Kapalua Bay is a collaboration of Maui Land & Pineapple Company, Inc., The Ritz-Carlton Hotel Company, L.L.C. and Exclusive Resorts.

Last Updated ( Tuesday, 18 July 2006 )