On the fence about a Maui real estate investment? Interval Leisure Group isn’t. In fact, they are $220 million confident. That was the cost of their acquisition of Hyatt Residential Group from affiliates of Hyatt Hotels Corporation.
The purchase includes Hyatt’s interest in a joint venture that owns Hyatt Kaanapali Beach, which is a shared ownership property that consists of 131 units, on one of the best beaches in the world. As West Maui real estate specialists with our offices in Kaanapali, we may be biased, but Conde Nast polls tend to agree with us.
Maui’s future is a bright one, considering its steady visitor industry growth, so an investment of this magnitude isn’t a surprise. In case you’re curious, the Hyatt Residence Club and 16 existing shared ownership resorts will be keeping the brand name. Hyatt Residential Group is responsible for marketing and managing vacation ownership properties in numerous states around the U.S., including California and Florida.
Investing in vacation ownership properties is likely to be lucrative, and can vary in scale. For example, there are affordable Maui condos that can be used as vacation rentals, or luxury homes. It all depends on the level of investment that you want to make. If you prefer to limit the property to your own use, the only way to top a second home in West Maui is to make it your primary residence.
Whichever choice suits your needs, we’ll be happy to assist you through every step of the process. We’ve been in operation since 1976 and we are the exclusive sales and marketing firm for numerous new developments, including residential subdivisions and condominium projects. If you need to reach us, you’ll find our contact information at the bottom of the page. Mahalo!