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MVW sells [parcels nearby] Kauai Lagoons

FractionalTraveler

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Yes, at least now we know the potential buyer.

There is an ongoing discussion here: [Posts moved; link to destination thread disabled.]

FT
 
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dioxide45

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This is bound to make some people very unhappy.... :mad:

http://www.bizjournals.com/pacific/news/2014/08/29/marriott-selling-unfinished-kauai-lagoons-project.html

The sale will include the Ritz-Carlton residences (which I believe started out as a Grand Residence) as well as the nearby subdivision and the golf course.

I was on the property a few weeks ago and the unfinished portion of the development was a bit.... depressing.

The Grand Residences are what is now Kauai Lagoons, Kalanipu'u. The Ritz Carlton Residences are the barely started structures that you can see from every unit at the Kauai Lagoons timeshare property.
 

Fasttr

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Bill4728

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The TS resort itself, I assume, was not part of the sale. Only all the land around the resort which is kind of an eye-sore with the partially completed building ( mostly just foundations)
 

dioxide45

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The TS resort itself, I assume, was not part of the sale. Only all the land around the resort which is kind of an eye-sore with the partially completed building ( mostly just foundations)

Correct. The timeshare is owned by the HOA. So MVC can't really sell that. They could sell management rights to it though.
 

taffy19

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The TS resort itself, I assume, was not part of the sale. Only all the land around the resort which is kind of an eye-sore with the partially completed building ( mostly just foundations)
See post #18 where it shows you what is built or was planned to be built on the property but the timeshare units were not included in the sale.

All the grading was done already and the timeshare units wouldn't lose their lovely view of the ocean and mountain backdrop of the little bay which is important, IMO. It is a beautiful spot in Kauai.
 

MALC9990

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good evening

So instead of adding new Trust Properties......

They are eliminating old ones...:bawl::bawl::bawl:

Glad I didn't "top off"

I think that it is just the spare undeveloped land that has been sold.
 

bazzap

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Yes thankfully MVC Kauai Lagoons is unaffected, but sadly it does mean there is now no possibility of the Ritz Carlton being developed to incorporate any MVC accessible inventory
 
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