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.
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.