Maui Business

Maui Beach Hotel to be Bought, Expanded

April 24, 2014, 2:05 PM HST
* Updated April 28, 5:29 PM
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By Maui Now Staff

Local developer Peter Savio plans to grow his Pagoda hotel brand with the purchase and expansion of the 147-room Maui Beach Hotel, says the Star-Advertiser.

It will be up to resort owners to decide whether pot will be allowed on-property under HB 150. File photo by Bobbi-Lin Kalama.

Maui Beach Hotel. File photo by Bobbi-Lin Kalama.

The newspaper said the deal will also include an adjacent golf course and a vacant lot where the circa-1953 Maui Palms Hotel once stood.

An agreement has been reached, according to Pacific Business News, but the deal is set to close June 27 for an undisclosed sum.

A new wing for the Maui Beach Hotel is expected to begin construction in 18 to 24 months, says PBN.

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Savio said he plans to retain all 60 to 70 of the employees at the property, which is on the shores of Kahului Harbor.

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Workers at the property, which is managed by Aqua Hotels and Resorts, are members of the International Longshore and Warehouse Union Local 142.

“The union has been supportive of the sale,” Savio said, adding that when his plans to build a new 155-room hotel on the Maui Palms site go through, more jobs will be created.

“The Maui Beach will keep its name,” Savio said.

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The new property, which Savio envisions as a six- or seven-story pagoda-shaped tower, would bear the Pagoda branding in its actual name, the Star-Advertiser said.

“Maui zoning doesn’t favor that design, but I’d like to discuss it,” said Savio.

Regardless of the final design, Savio said both hotels will cater primarily to locals and college students.

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