Princeville Associates has sold 122 acres of land at Hanalei Plantation on Kauai to Ohana Hanalei, LLC, an affiliate of Montage Hotels & Resorts. The transaction includes a number of connected parcels adjacent to Hanalei Bay and the Princeville Hotel and fronting the Hanalei River as well as the former site of the Hanalei Plantation Hotel. The sale also includes the historic Kamoomaikai fishpond, with long-term plans for restoration under consideration.
Montage Hotels & Resorts is a luxury hotel and resort management company. The company’s flagship Montage Deer Valley, in Park City, Utah, is currently under construction, and Montage Los Cabos, in Cabo San Lucas, Mexico, is currently under development. Montage Royal Island, Bahamas is scheduled to open in 2010.