Honua Kai Resort Closes More Than $54M in Real Estate Sales in 2011

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. January 30, 2012

January 27, 2012 - Honua Kai Resort & Spa, the only new, whole ownership opportunity on Kaanapali Beach in more than 25 years, has closed more than $54 million in real estate sales with 75 new home transactions in 2011. The property, located on 38 acres of West Maui shoreline, has quickly become a popular destination for both leisure travelers and potential homeowners alike.

Since opening in 2009, Honua Kai Resort & Spa has sold and closed more than 410 units resulting in more than $518 million in real estate sales. Playground Destination Properties Inc., Real Estate Broker for Honua Kai Resort & Spa has noted recent purchasing trends from residents hailing from the Canadian provinces of British Columbia and Alberta, in addition to the western United States cities of Seattle, San Francisco, Los Angeles and San Diego.

“We are very pleased with the number of real estate sales at Honua Kai this past year,” said Susan Jackson, director of sales for Playground Destination Properties Inc. (Playground). “Those who decide to purchase a luxury condo at Honua Kai recognize the exceptional value they are receiving, incredible amenities and outstanding location on the Kaanapali Beach front.”

Building on Honua Kai's recent sales success, the property recently engaged Beth Ann Shepherd of DRESSED, Inc., to furnish six of the luxury three-bedroom residences in three stylish themes: Ocean, Beach and Tropical. Two residences are decorated with each of the three themes and one of each will be used for a real estate showroom and the other for vacation rentals. The three custom-designed residences are prominently located and feature spectacular ocean views of the islands of Molokai and Lanai.

The Ocean theme offers the most contemporary, luxurious design of the Honua Kai suites. The colors of the deepest ocean - teal and sea green - were combined with lighter updated Honua Kai custom wood finishes to highlight the size and luxury of the residence. The Beach theme uses the neutral colors of the sand and the lightest blue of the sky, as well as a custom designed layout, to maximize the use of the Honua Kai suites. The third designer option, the Tropical theme, features more traditional wicker, raffia and vintage Hawaii decor, as well as warm-tone wood finishes to enhance the vibrancy of the orange and green palette traditionally found in the tropics.

The property's studio, one-, two-, and three-bedroom suites provide all of the comforts one would expect from a four-star resort; perfect for entertaining, reconnecting with family and friends or relaxing in privacy. Resort homes range from 580-square-foot studios to 2,230-square-foot three bedroom residences and feature open floor plans, beautiful ocean and/or mountain views, premium interior appointments and custom Nana Wall doors that open fully to an outdoor lanai. The 2,650-square-feet Specialty Suites are the largest on property and boast 3,200-square-feet lanais.

The family friendly atmosphere at Honua Kai Resort & Spa is setting a new standard for luxury resort living in Maui, and is also becoming one of the best vacation destinations in the world for leisure guests with its outstanding amenities and quick and easy access to all that Maui has to offer. In addition, Maui was recently named “Best Island in the World” by Conde Nast Traveller for an unprecedented seventeenth time.

Expedia, the world's largest online travel company, recently named the resort number 39 on its global 2011 Insider's Select List. The list is comprised by industry experts who examine properties that consistently deliver quality, value and a great guest experience. The full list represents 500 of Expedia's top-ranked hotels selected from more than 130,000 properties offered by Expedia. Honua Kai is also ranked number one of the 30 hotels in Lahaina on TripAdvisor, the world's largest travel review website.

For real estate information, visit www.honuakai.com or call Playground Destination Properties Inc., Real Estate Broker at 866-967-2228.

About Honua Kai Resort & Spa
Honua Kai Resort & Spa offers a uniquely contemporary Maui experience. Located on Kaanapali's pristine North Beach, the resort is designed as two U-shaped buildings with ocean and mountain views, lush landscaping and expansive open spaces. This openness is mirrored in each of the 628 guest suites (studio, one-, two-, and three-bedroom) with professionally equipped kitchens, spacious and homelike floor plans, and luxury resort services. An imaginative aqua network of pools, hot tubs, natural pond bridges, waterslide, waterfalls and fountains allows for privacy and play. The Hokulani building houses 318 guest suites, `Aina Gourmet Market, pool, fitness center, concierge desk and Family Fun Club. The Konea building has 310 guest suites and two pools. Duke's Beach House is located oceanfront, and the pool & beach activities operate poolside.

About Playground Destination Properties Inc.
Playground Destination Properties Inc. is the licensed real estate broker for Honua Kai Resort & Spa. Playground Destination Properties Inc. is part of the Playground group of companies. This group of companies (“Playground”) is a premier provider of real estate sales and marketing services for destinations world-wide. Playground is dedicated to fulfilling a mission of “connecting people with the ultimate places to play.” Playground represents a unique breadth of properties from beach and mountain destinations, to golf and urban locations. In addition to Honua Kai Resort & Spa, Playground is currently offering ownership opportunities in a number of world-renowned locations including: Mont Tremblant Ski Resort, Stratton Mountain, Winter Park Resort and Four Seasons Residence Club Vail. To learn more about Playground, visit www.playground.com.