Island Acquisitions Kapalua has sold its Montage Kapalua Bay holdings to a Tenessee-based company, KWC Management LLC. 

KWC Management, LLC, a hospitality investment management company part of Kemmons Wilson Companies, has recently marked a significant milestone in its portfolio with the acquisition of Montage Kapalua Bay. The Maui property is the first Hawaii property in their portfolio, which includes hotels in CA, CO, DC,  FL, LA, NY, TN, UT, and WY that are managed by a variety of companies, with brands including the Holiday Inn, Hyatt, Marriott, Windham and Kimpton.

Historical Sales: While branded a Ritz-Carlton Residences from 2009-2011 sales at the property ranged from $2,400,000 to $5,735,000.  Since being rebranded as the Montage Residences, sales ranged from $2,400,000 to $13,295,000
Awards and Acknowledgements (2023):   The Montage Kapalua Bay has received accolades from Forbes and US News and World Report, including Best Maui Hotels/Best Maui Resorts – #2, Best Hawaii Hotels/Best Hawaii Resorts – #6, Best USA Hotels – #40, Best USA Resorts – #18 (U.S. News & World Report) and  5 Star Rating – Montage Kapalua Bay, 5 Star Rating – Spa Montage (Forbes Travel Guide)

The sale to KWC includes approximately 7 unsold developer residences and 231 fractional interests, as well as outdoor event space, four restaurants, and the Spa Montage. Negotiations are reported to have begun in the spring and have closed at $33 million.  KWC Management has brought on White Label Asset Management for the asset management of the property.

As reported by the Maui News, “Since first visiting Hawai’i 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,” Webb Wilson, CEO of KWC Management, said in a news release Wednesday. “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. Under our ownership, the resort will continue to offer programming that enlightens guests on Hawaiian cultural practices and history and benefits their personal wellness and renewal.”