Hawaii's Four Seasons Resort Hualalai Sold in $500 mil Deal
KA'UPULEHU-KONA, HI, April 03, 2006. According to a HOTEL BUSINESS(R) source, the 243-key Four Seasons Resort Hualalai here has been sold in what could be one of the highest priced hotel transactions of all time.
The source revealed that the Kajima family of Japan has sold the resort and its related golf course and land for more than $500 million or about $2.1 million per key. A partnership between Michael Dell's MSD Capital and Rockpoint Group acquired the asset in a deal brokered by Jones Lang LaSalle Hotels.
Jones Lang LaSalle Hotels could not comment on the transaction and calls seeking comment from MSD Capital were not returned.