Hotel Hana owners retain sales agent
The owners of the luxury property could get up to $70 million
The California owners of the Hotel Hana-Maui and Honua Spa are seeking buyers for the four-diamond luxury resort in the geographically isolated town on Maui for between $60 million and $70 million.
PKF Capital, formerly Colliers International Hotels, has been retained to market the property, which has been significantly renovated over the past six years.
Passport Resorts LLC, whose local unit Ohana Hotel Co. LLC purchased the resort in 2001 from Meridian Financial Resources, is entertaining offers on 70 beachfront acres and the historic 70-room hotel, which opened in 1946.
The package also includes the resort's restaurants, commercial properties, residential condominiums and its Honua Spa.
The resort, which has 285 employees, has been Hana's major employer and economic engine for decades.
It has won four-diamond ratings from AAA for the last four years.
Rates range from $475 to $4,000 per night for bungalow and plantation-style cottages and a private plantation house on four acres.
The latest move was prompted by Passport Resorts' majority owner, who is looking to sell his interest in the property at 5031 Hana Hwy., said Douglas Chang, the resort's general manager.
San Francisco-based Passport Resorts also manages Fiji's Jean-Michel Cousteau Fiji Islands Resort; and California resorts including Post Ranch Inn in Big Sur; Cavallo Point -- The Lodge at the Golden Gate; and the Sea Ranch Lodge on the Sonoma Coast.