Ritz Carlton Club and Residences at Kapalua Bay Go To Auction

October 23, 2012, 2:47 PM HST · Updated October 23, 5:02 PM
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By Sonia Isotov

The residential and commercial units at the  Ritz-Carlton Club and Residences at Kapalua Bay have been scheduled for public auction in Honolulu on Dec. 3.

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Pacific Business News is reporting that 61 residential and commercial units and more than 500 club interests at the Ritz-Carlton Club and Residences at Kapalua Bay will go to auction.

A total of $304 million is owed in principal, interest and fees on the 56 residential units and five commercial units at the Kapalua Bay Condominium, which is branded the Ritz-Carlton Residences, and 567 club interests in the Kapalua Bay Vacation Ownership, which is branded the Ritz-Carlton Club.

The auction also will include the leasehold interest in The Shops at Kapalua.

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