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Maui Lu Owners Serious About Selling

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   September 13th, 2012 · 1 Disqus Comment ·
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· Maui Business

 

Aston Maui Lu resort owners are actively looking for buyers for a new timeshare resort. Photo courtesy of Aston Maui Lu.

By Sonia Isotov

Maxxam Enterprises, a Beverly Hills, California investment firm, owners of the Aston Maui Lu hotel in north Kihei are getting serious about finding a buyer for their property.

According to the Pacific Business News, an institutional real estate publication called Real Estate Alert is reporting that Maxxam Enterprises has chosen Chicago-based Jones Lang LaSalle to market the 120-acre beachfront property.

Apparently, the plan is to demolish the current hotel and construct time-share units. Real Estate Alert also reports that permits allow for 388 two-bedroom units in 19 buildings of one to four stories, including a restaurant, swimming pools and clubhouses.

The property is expected to receive bids in the realm of $68 million.

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  • lakino

    its interesting that they fly the canadian flag the same height as the United States flag. I thought it was canadian owned this whole time


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