Maui Business

Maui Lu Owners Serious About Selling

September 13, 2012, 11:36 AM HST
* Updated September 13, 11:38 AM
Listen to this Article
1 minute
Loading Audio... Article will play after ad...
Playing in :00


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.

E-Mail Newsletters Receive daily or weekly updates via e-mail. Subscribe Now
News Alerts Breaking news alerts on your mobile device. Get the App


This comments section is a public community forum for the purpose of free expression. Although Maui Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments