The Ritz-Carlton Kapalua, on the west coast of Maui, has been sold to a partnership between Woodridge Capital Partners and Colony Capital.



The new ownership intends to invest in improvements to the resort, according to a Feb. 27 statement, but Ritz-Carlton will continue to manage the 463-guestroom luxury property.

“The combination of the Ritz-Carlton brand, a welcoming and nurturing Hawaiian culture and the nature and magic of Maui will make an unbeatable combination,” Thomas Barrack, the chairman and CEO of Colony Capital, said in the statement.

Built in 1992, the resort underwent its last major renovation, a $190 million upgrade, in 2007.
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