If you’re planning a trip to Maui, Hawaii and are interested in staying at the Royal Lahaina Resort, you may be wondering who owns this beautiful resort. The answer is actually a bit more complicated than you might expect.
The Beginnings of the Royal Lahaina Resort
The Royal Lahaina Resort was originally built in 1962 by a group of investors led by Harold Smith and Henry Kaiser. The resort quickly gained popularity thanks to its prime location on Kaanapali Beach and its luxurious amenities. Over the years, the property changed hands several times as different owners saw potential for growth and improvement.
Plethora of Owners
In 2004, the resort was purchased by an affiliate of Blackstone Real Estate Advisors. Blackstone invested heavily in renovations and upgrades to keep the property competitive with other luxury resorts on the island. In 2019, KKR (Kohlberg Kravis Roberts) – another major investment firm – acquired the resort from Blackstone.
Who Owns it Currently?
As of now, it appears that KKR is still the owner of the Royal Lahaina Resort. However, ownership can change hands quickly in the hospitality industry, so it’s always worth checking for updates before making any reservations.
What Does This Mean for Guests?
Fortunately for guests, changes in ownership typically have little impact on their experience at a hotel or resort. The staff and management remain largely unchanged, ensuring that guests can expect high-quality service regardless of who owns the property.
In conclusion, while there have been several owners of the Royal Lahaina Resort over the years – from Harold Smith to Blackstone Real Estate Advisors to KKR – what remains constant is its reputation as one of Maui’s premier luxury resorts. With breathtaking ocean views, top-notch amenities, and a prime location on one of Hawaii’s most beautiful beaches, it’s no wonder that the Royal Lahaina Resort continues to draw visitors from around the world.
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