OP
Ulua / Mokapu Photo Ode
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What's up with the Renaissance? That was the first place I stayed on Maui.
OP
The Renaissance has closed for good. Starwood Property (sibling of Starwood Resorts) plans to build the first Bacarrat Resort. This plan has existed for the 4 years SP has owned the property, but the name of the proposed single owner condo resort (not time share) has changed twice.
According to the last news paper articles I've seen, they expect to easily be granted the permits to knock it down, and for all I know that may have happened (big money rules). The local news papers do not seem to do investigative journalism on billion dollar developements, they just print PR propaganda and uninformed letters to the editor (maximizing future revenue?).
My real estate contacts say of the 61 units pre-sold around the Gala Event, 20 have since backed out (losing $50G deposit). The local real estate grapevine snickers at the idea of going ahead with the project in this economy with only 41 of 196 units committed. I'm still holding my breath for a remodled Wailea Westin.
According to the last news paper articles I've seen, they expect to easily be granted the permits to knock it down, and for all I know that may have happened (big money rules). The local news papers do not seem to do investigative journalism on billion dollar developements, they just print PR propaganda and uninformed letters to the editor (maximizing future revenue?).
My real estate contacts say of the 61 units pre-sold around the Gala Event, 20 have since backed out (losing $50G deposit). The local real estate grapevine snickers at the idea of going ahead with the project in this economy with only 41 of 196 units committed. I'm still holding my breath for a remodled Wailea Westin.
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