Turtle Bay Resort is a luxurious resort located in Kahuku, Hawaii. The resort spans across 840 acres and offers stunning ocean views, lush greenery, and a range of amenities for its guests.
It’s no surprise that many people are curious about the value of this beautiful property. In this article, we’ll delve into the details and answer the question – How Much Is Turtle Bay Resort Worth?
The History Of Turtle Bay Resort
Turtle Bay Resort was first established in 1972 as a hotel with just 50 rooms. Over the years, it has undergone several renovations and expansions to become the sprawling resort that it is today.
The resort now boasts 452 rooms, five miles of beachfront access, two golf courses, multiple restaurants and bars, and a spa.
The Current Owner Of Turtle Bay Resort
Turtle Bay Resort is currently owned by Replay Resorts – a real estate development company that specializes in creating world-class resorts. Replay Resorts acquired Turtle Bay Resort in 2017 from Oaktree Capital Management for $332.5 million.
The Estimated Value Of Turtle Bay Resort
It’s difficult to determine the exact value of Turtle Bay Resort without inside information on its finances. However, based on recent sales of similar properties and estimates from industry experts, we can make an educated guess.
According to reports from Hospitality Net, similar properties in Hawaii have recently sold for an average price per key (PPK) of $1 million to $1. Based on this estimate and the fact that Turtle Bay Resort has 452 rooms, we can estimate its value to be between $452 million to $678 million.
However, it’s important to note that this estimate could vary depending on several factors such as its revenue, expenses, location, competition and more.
The Amenities At Turtle Bay Resort
Turtle Bay Resort offers several amenities that make it a popular destination for tourists. Some of these amenities include:
- Beaches: The resort has five miles of beachfront access for its guests to enjoy.
- Golf Courses: Turtle Bay Resort has two championship golf courses – the Palmer Course and the Fazio Course.
- Restaurants and Bars: The resort has multiple restaurants and bars, including Roy’s Beach House, The Point Sunset & Pool Bar, and Lei Lei’s Bar & Grill.
- Spa: Turtle Bay Resort has a spa that offers a range of treatments such as massages, facials, and body wraps.
The Conclusion
In conclusion, the exact value of Turtle Bay Resort is difficult to determine without inside information on its finances. However, based on recent sales of similar properties in Hawaii and estimates from industry experts, we can estimate its value to be between $452 million to $678 million.
Regardless of its value, Turtle Bay Resort’s stunning location and luxurious amenities make it a must-visit destination for anyone traveling to Hawaii.