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Kapalua Bay Hotel in Hawaii closes

Credit Pacific Service Union The last guest checked out of the 196-room Kapalua Bay Hotel, a Renaissance-managed property, signaling the end of an era for this distinguished hotel that was considered Maui's finest when it opened in October 1978.

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Credit First Service Union On April 10, the process of razing the structure will begin to make way for Kapalua Bay, a luxurious real estate offering at the celebrated Kapalua Resort.

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Card Credit Mobile Service "The elegant but aging Kapalua Bay Hotel provided 28 years of service to Maui visitors and our community, so a sense of nostalgia rightly accompanies this transition," said David C. Cole, chairman, president and CEO of Maui Land & Pineapple Company, the property landowner.

Card Credit Discover Service "We are confident the Kapalua Bay Residences and related amenities will once again generate excitement among the world's most discerning travelers."

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Credit Public Service Union Kapalua Bay is comprised of The Residences at Kapalua Bay, featuring 84 private ownership homes, and The Ritz-Carlton Club, Kapalua Bay offering 62 residences sold in deeded, one-twelfth fractional ownership interests. It will all be nestled comfortably on a magnificent 24-acre beachfront site that opens to breathtaking ocean vistas. Occupancy is targeted for late 2008.

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Card Credit Processing Service The Residences at Kapalua Bay will feature upscale, contemporary island-influenced homes with spacious floor plans ranging from 3,000-4,200 square feet. Management services and other amenities will be provided by The Ritz-Carlton Hotel Company. Currently accepting sales reservations, Residences start at $4 million.

Center Credit Service Union The Ritz-Carlton Club, Kapalua Bay will offer Members 21 or more days per year in fully furnished residences ranging from 1,770-2,090 square feet. Designed as a private club, Members will enjoy Ritz-Carlton services and amenities, and reciprocal use privileges at Club locations worldwide. Contract sales begin July 1, 2006.

Card Credit Service Wireless Kapalua Bay ownership benefits will include a 6,100 square-foot beach club, and 8,500 square-foot multi-level recreational area, with a lagoon-style pool and a bar and grill. Residents will also have access to exclusive resort golf and dining privileges, and a well-appointed 30,000 square-foot spa.

Kapalua Resort is a 23,000-acre master-planned community in West Maui that offers three white-sand beaches and is renowned for its award-winning golf. It hosts the annual signature event series that include the PGA TOUR's winners-only Mercedes Championships, Celebration of the Arts, Kapalua Wine and Food Festival, LifeFest Kapalua and Whale Quest, Kapalua. Other accommodations include the 548-room Ritz-Carlton, Kapalua, and 292-unit Kapalua Villas.