Maui Sales

Hawaii Real Estate

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Sold: The Grand Wailea

The Grand Wailea, which has been operating under bankruptcy protection since 2011, has been sold to a Singaporean government investment fund. In addition to the 780-room Grand Wailea, three other luxury resorts in the portfolio will also go to the investment fund.

The other resorts in the purchased portfolio include the La Quinta Resort & Club, the PGA West golf course in La Quinta, California, the Claremont Resort & Spa in Berkeley, California, and the Arizona Biltmore Resort & Spa in Phoenix.

Although a public auction was scheduled earlier this month in the attempt to get a higher bid than the Government of Singapore Investment Group (GIC), it was cancelled because no other bidders came forward. The sale is still pending, but the Grand Wailea portfolio is expected to be awarded to GIC.

The Grand Wailea portfolio has seen a tumultuous few years, but the managing director of the Grand Wailea seems hopeful that the new ownership will bring the resort success and stability in the future.

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About The Smith Team

Ken Smith, a Maui resident for 35 years, brings his extensive local knowledge and passion for the island to his successful real estate career. Alongside his daughter-in-law, Melissa Smith, and Greg Smith, the Smith Team provides a wealth of experience and dedication to clients seeking to buy or sell property in Maui.

Melissa Smith, a third-generation Maui native, combines her deep understanding of the island's growth with a commitment to exceptional service. She empowers clients with knowledge to make informed decisions in finding their dream homes. With a background as a top agent and a Broker's license, Melissa's expertise is invaluable.

Gregory P. Smith, a lifelong Maui surfer, channels his passion for the island and its natural beauty into his real estate profession. His enthusiasm, deep market knowledge, and dedication to exceeding client expectations make him an exceptional agent.

The Smith Team's combined local expertise, commitment to client service, and understanding of the unique Maui real estate market make them an ideal choice for those looking to navigate the island's property landscape. Their proven track record ensures a smooth and successful experience for both buyers and sellers.