Kona Village Resort is a luxurious resort located in the heart of the Hawaiian island of Hawaii. This resort has been a favorite destination for tourists and locals alike, thanks to its beautiful location and top-notch amenities.
But who owns Kona Village Resort? Let’s find out.
History of Kona Village Resort
Kona Village Resort was established in 1965 by Johnno Jackson, a visionary entrepreneur who fell in love with the beauty of Hawaii. He built the resort on an ancient fishing village that had been abandoned for centuries. Jackson’s vision was to create a peaceful sanctuary where guests could relax and enjoy the natural beauty of Hawaii.
The Ownership Journey
Over the years, Kona Village Resort has changed ownership several times. In 1969, Jackson sold the resort to Castle & Cooke, a major Hawaiian real estate company. Castle & Cooke invested heavily in the property and expanded it into a world-class resort.
In 1979, Castle & Cooke sold Kona Village Resort to Tokyo-based Kokusai Kogyo Co Ltd., a multinational corporation with interests in construction and real estate. Kokusai Kogyo continued to invest in the property and added new amenities such as tennis courts and golf courses.
In 1986, Kokusai Kogyo sold Kona Village Resort to Seibu Railway Co Ltd., a Japanese transportation company that also owned several hotels and resorts around the world. Seibu Railway Co Ltd. continued to operate the resort until it closed for renovations after being hit by an earthquake in 2011.
In 2016, after five years of extensive renovations following the earthquake damage, Lantern Asset Management acquired Kona Village Resort from Seibu Railway Co Ltd.
Current Ownership
Today, Kona Village Resort is owned by Lantern Asset Management, a private equity firm based in Dallas, Texas. The company specializes in acquiring and managing luxury hotels and resorts around the world, and Kona Village Resort is one of its most prized assets.
Lantern Asset Management has invested heavily in Kona Village Resort, restoring it to its former glory and adding new amenities such as a spa, fitness center, and multiple dining options. The resort is now considered one of the top luxury destinations in Hawaii.
Conclusion
In conclusion, Kona Village Resort has had a long and interesting ownership journey since its establishment in 1965. Today, it is owned by Lantern Asset Management, a private equity firm that has invested heavily in the property to make it one of the most luxurious destinations in Hawaii. Whether you’re a tourist or a local looking for a relaxing getaway, Kona Village Resort is definitely worth considering.