Ritz-Carlton Kapalua Up For Sale, Again

Ritz-Carlton, Kapalua. Courtesy photo.

By Sonia Isotov

Lehman Brothers Holdings has put the Ritz-Carlton Kapalua up for sale as it continues to pay off creditors after exiting bankruptcy last year, according to Reuters Canada.

Apparently two sources familiar with the deal told a reporter for Reuters Canada that the resort is up for sale and one of the sources said the deal could be worth $200 million.

Jones Lang LaSalle has apparently been hired to market the property through early summer.

Lehman Brothers has been reportedly selling off its real estate holding since its bankruptcy and according to the article has sold two buildings in Austin, Texas, and two on Park Avenue in New York. Its largest deal so far was the sale of its Archstone  Enterprise LP for $6.5 billion in February.