Destination Residences Hawai'i acquires Classic Resorts

WAILEA, HAWAII - Destination Residences Hawai'i announced the acquisition of Classic Resorts Limited of Lahaina, HI, a collection of five luxury condominium resorts and an exquisite portfolio of vacation homes located throughout Maui and the Island of Hawai'i. These properties will expand Destination Residences Hawai'i's impressive footprint throughout the islands, joining Makena Surf, Polo Beach Club, Wailea Beach Villas, Wailea Ekahi Village, Wailea Ekolu Village, Wailea Elua Village, and Wailea Grand Champions on Maui, and The Lodge at Kukui'ula in Poipu, Kaua'i.

Classic Resorts, the newly acquired collection with a combined 363 rental residences, delivers the ultimate vacation experience for couples, families and groups, through combining the comforts of a private vacation home with the amenities and services of a resort, in a prime oceanfront or golf course location. Accommodations range from studio to three-bedroom condominiums and feature fully-equipped kitchens, living rooms, private lanais, herb gardens, expansive windows, and daily housekeeping service. Resort amenities include picnic areas, pools, whirlpools, golf courses, tennis courts, beach service, SUP and surfboard rentals, fitness clubs, yoga studios, and spas. In West Maui, Ka'anapali Ali'i is prime oceanfront on the highly coveted Ka'anapali Beach, while Lahaina Shores Beach Resort and Pu'unoa Beach Estates are positioned on pristine beaches in the historic Lahaina town, just a short stroll to the boutiques and restaurants of Front Street. The newly acquired operations on the Island of Hawai'i are located on the sunny Kohala Coast within the legendary Mauna Lani Resort. These properties include Mauna Lani Point, The Islands at Mauna Lani and Champion Ridge, in addition to the luxury private home collection at The Cape, The Point Estates, and Nintendo and Toyota corporate homes.

"Destination Residences Hawai'i  has over thirty years of demonstrated success in hospitality management in Hawai'i, with an authentic appreciation for Hawaiian culture and values. We are excited to effectively double the size of our portfolio with the addition of these prime luxury properties and we are proud to welcome the Classic Resorts team members to our ohana," said Michael Cuthbertson, Area Managing Director of Destination Residences Hawai'i. "We look forward to providing these fantastic vacation opportunities to our loyal guests and continuing our mission to be a leader among the best places to work in the state of Hawai'i."

Part of the Destination Hotels collection, Destination Residences Hawai'i is a portfolio of distinct, residential style vacation rentals located in beachfront, oceanfront and golf-front resorts. Destination Hotels' residences model is customized for each property, leveraging the brand's expertise in sales and marketing, revenue management and distribution, reservation sales, and asset preservation, through efficient operations management. Destination has extensive experience with multiple ownership structures and with managing fractional, traditional, and multi-use hotels, resorts and vacation rentals.



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