Ritz-Carlton Kapalua Changes Hands

An investment partnership has purchased Maui's upscale Ritz-Carlton Kapalua and says it is planning to conduct $40 million in renovations. The work will encompass guestrooom renovations, an expansion of the 7,000-square-foot spa and replacement of decor throughout the hotel's common areas. The Ritz-Carlton Hotel Company will continue to manage the hotel, which will retain the Ritz-Carlton flag.

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