MAUI, Hawaii, Jan 26, 2012 (BUSINESS WIRE) –
Honua
Kai Resort Spa, the only new, whole ownership opportunity on
Kaanapali Beach in more than 25 years, has closed more than $54 million
in real estate sales with 75 new home transactions in 2011. The
property, located on 38 acres of West Maui shoreline, has quickly become
a popular destination for both leisure travelers and potential
homeowners alike.

Since opening in 2009, Honua Kai Resort Spa has sold and closed more
than 410 units resulting in more than $518 million in real estate sales.
Playground Destination Properties Inc., Real Estate Broker for Honua Kai
Resort Spa has noted recent purchasing trends from residents hailing
from the Canadian provinces of British Columbia and Alberta, in addition
to the western United States cities of Seattle, San Francisco, Los
Angeles and San Diego.

“We are very pleased with the number of real estate sales at Honua Kai
this past year,” said Susan Jackson, director of sales for Playground
Destination Properties Inc. (Playground). “Those who decide to
purchase a luxury condo at Honua Kai recognize the exceptional value
they are receiving, incredible amenities and outstanding location on the
Kaanapali Beach front.”

Building on Honua Kai’s recent sales success, the property recently
engaged Beth Ann Shepherd of DRESSED, Inc., to furnish six of the luxury
three-bedroom residences in three stylish themes: Ocean, Beach and
Tropical. Two residences are decorated with each of the three themes and
one of each will be used for a real estate showroom and the other for
vacation rentals. The three custom-designed residences are prominently
located and feature spectacular ocean views of the islands of Molokai
and Lanai.

The Ocean theme offers the most contemporary, luxurious design of the
Honua Kai suites. The colors of the deepest ocean — teal and sea green —
were combined with lighter updated Honua Kai custom wood finishes to
highlight the size and luxury of the residence. The Beach theme uses the
neutral colors of the sand and the lightest blue of the sky, as well as
a custom designed layout, to maximize the use of the Honua Kai suites.
The third designer option, the Tropical theme, features more traditional
wicker, raffia and vintage Hawaii decor, as well as warm-tone wood
finishes to enhance the vibrancy of the orange and green palette
traditionally found in the tropics.

The property’s studio, one-, two-, and three-bedroom suites provide all
of the comforts one would expect from a four-star resort; perfect for
entertaining, reconnecting with family and friends or relaxing in
privacy. Resort homes range from 580-square-foot studios
to 2,230-square-foot three bedroom residences and feature open floor
plans, beautiful ocean and/or mountain views, premium interior
appointments and custom Nana Wall doors that open fully to an outdoor
lanai. The 2,650-square-feet Specialty Suites are the largest on
property and boast 3,200-square-feet lanais.

The family friendly atmosphere at Honua Kai Resort Spa is setting a
new standard for luxury resort living in Maui, and is also becoming one
of the best vacation destinations in the world for leisure guests with
its outstanding amenities and quick and easy access to all that Maui has
to offer. In addition, Maui was recently named “Best Island in the
World” by Conde Nast Traveller for an unprecedented seventeenth
time.

Expedia, the world’s largest online travel company, recently named the
resort number 39 on its global 2011 Insider’s Select List. The list is
comprised by industry experts who examine properties that consistently
deliver quality, value and a great guest experience. The full list
represents 500 of Expedia’s top-ranked hotels selected from more than
130,000 properties offered by Expedia. Honua Kai is also ranked number
one of the 30 hotels in Lahaina on TripAdvisor, the world’s largest
travel review website.

For real estate information, visit
www.honuakai.com
or call Playground Destination Properties Inc., Real Estate Broker at
866-967-2228.

About Honua Kai Resort Spa

Honua Kai Resort Spa offers a uniquely contemporary Maui experience.
Located on Kaanapali’s pristine North Beach, the resort is designed as
two U-shaped buildings with ocean and mountain views, lush landscaping
and expansive open spaces. This openness is mirrored in each of the 628
guest suites (studio, one-, two-, and three-bedroom) with professionally
equipped kitchens, spacious and homelike floor plans, and luxury resort
services. An imaginative aqua network of pools, hot tubs, natural pond
bridges, waterslide, waterfalls and fountains allows for privacy and
play. The Hokulani building houses 318 guest suites, `Aina Gourmet
Market, pool, fitness center, concierge desk and Family Fun Club. The
Konea building has 310 guest suites and two pools. Duke’s Beach House is
located oceanfront, and the pool beach activities operate poolside.

About Playground Destination Properties Inc.

Playground Destination Properties Inc. is the licensed real estate
broker for Honua Kai Resort Spa. Playground Destination Properties
Inc. is part of the Playground group of companies. This group of
companies (“Playground”) is a premier provider of real estate sales and
marketing services for destinations world-wide. Playground is dedicated
to fulfilling a mission of “connecting people with the ultimate places
to play.” Playground represents a unique breadth of properties from
beach and mountain destinations, to golf and urban locations. In
addition to Honua Kai Resort Spa, Playground is currently offering
ownership opportunities in a number of world-renowned locations
including: Mont Tremblant Ski Resort, Stratton Mountain, Winter Park
Resort and Four Seasons Residence Club Vail. To learn more about
Playground, visit
www.playground.com .

(C) 2012 Playground Destination Properties Inc., Real Estate Broker. The
information contained herein shall not be construed as an offer in
jurisdictions where the seller is not in compliance with applicable law.
VOID WHERE PROHIBITED BY LAW. The information provided herein is solely
for informational purposes, and is subject to change without notice. No
representation, warranty or guarantee is made with respect to views.
Refer to the governing documents and sales materials for the full
details of the offering. Obtain the Property Report, or its equivalent
under applicable State or Provincial law, and read it before signing
anything. WARNING: THE CALIFORNIA DEPARTMENT OF REAL ESTATE HAS NOT
INSPECTED, EXAMINED, OR QUALIFIED THIS OFFERING. The listing broker
is Playground Destination Properties Inc., 130 Kai Malina Parkway,
Lahaina, HI, license number RB’17829.

SOURCE: Honua Kai Resort Spa

        Media Contacts:
        Richmond Public Relations
        Lori Meyers / Sarah Ducharme, 206-682-6979
        lorim@richmondpr.com / sarahd@richmondpr.com
        or
        Travel Media Contact:
        Biegel Communications
        Yvonne Biegel, 808-276-6452
        yvonnebiegel@hawaii.rr.com

Copyright Business Wire 2012

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