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Maui Real Estate Spotlight
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Maui Resort to be Sold at Auction
MauiHomeSales.com - Makena Beach and Golf Resort to be auctioned in April.
February 18, 2010
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The Makena Beach and Golf Resort, including the Maui Prince Hotel, will be sold at a foreclosure auction sometime in April. The owners include Everett Dowling, a Maui developer, and Morgan Stanley, who purchased it in 2007 for $575 million.

Everett Dowling and Morgan Stanley entered into a partnership in which over $419 million was borrowed for the purchase of this 1,800-acre resort. A second mortgage was taken out for an additional $227 million in unsecured mezzanine financing.

[Full Story - "Maui Resort to be Sold at Auction"]
Today's Maui Real Estate Spotlight brought to you by Robert Myers Realtor,
Specializing in Maui Oceanfront Land.

Posted in categories:
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