West Maui Real Estate: Creating Luxury Like None Other!

±122 Acres of Fully Entitled Development Land in Kapalua
W ES T M AU I , H AWA I I
THE RITZ CARLTON
KAPALUA
PINEAPPLE HILL
AT KAPALUA
MONTAGE
KAPALUA BAY
THE PLANTATION
CLUB HOUSE
THE KAPALUA
VILLAS MAUI
NAPALI KAI
BEACH RESORT
THE PLANTATION
COURSE
NAPALI SHORES MAUI
BY OUTRIGGER
O
N
E
L
O
A
B
A
Y
H O N O K A H UA
B A Y
K
APALU
A
BA
Y
NAMALU
BAY
N
A
PIL
I
B
A
Y

2
Affiliated Business Disclosure
CBRE, Inc. operates within a global family of companies with many
subsidiaries and related entities (each an “Affiliate”) engaging in a
broad range of commercial real estate businesses including, but not
limited to, brokerage services, property and facilities management,
valuation, investment fund management and development. At times
different Affiliates, including CBRE Global Investors, Inc. or Trammell
Crow Company, may have or represent clients who have competing
interests in the same transaction. For example, Affiliates or their
clients may have or express an interest in the property described in
this Memorandum (the “Property”), and may be the successful bidder
for the Property. Your receipt of this Memorandum constitutes your
acknowledgement of that possibility and your agreement that neither
CBRE, Inc. nor any Affiliate has an obligation to disclose to you such
Affiliates’ interest or involvement in the sale or purchase of the
Property. In all instances, however, CBRE, Inc. and its Affiliates will
act in the best interest of their respective client(s), at arms’ length,
not in concert, or in a manner detrimental to any third party. CBRE,
Inc. and its Affiliates will conduct their respective businesses in a
manner consistent with the law and all fiduciary duties owed to their
respective client(s).
Confidentiality Agreement
Your receipt of this Memorandum constitutes your acknowledgement
that (i) it is a confidential Memorandum solely for your limited use
and benefit in determining whether you desire to express further
interest in the acquisition of the Property, (ii) you will hold it in the
strictest confidence, (iii) you will not disclose it or its contents to any
third party without the prior written authorization of the owner of the
Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of
this Memorandum in any manner detrimental to the Owner or CBRE,
Inc.
If after reviewing this Memorandum, you have no further interest in
purchasing the Property, kindly return it to CBRE, Inc.
Disclaimer
This Memorandum contains select information pertaining to the
Property and the Owner, and does not purport to be all-inclusive or
contain all or part of the information which prospective investors
may require to evaluate a purchase of the Property. The information
contained in this Memorandum has been obtained from sources believed
to be reliable, but has not been verified for accuracy, completeness,
or fitness for any particular purpose. All information is presented “as
is” without representation or warranty of any kind. Such information
includes estimates based on forward-looking assumptions relating to
the general economy, market conditions, competition and other factors
which are subject to uncertainty and may not represent the current
or future performance of the Property. All references to acreages,
square footages, and other measurements are approximations. This
Memorandum describes certain documents, including leases and other
materials, in summary form. These summaries may not be complete nor
accurate descriptions of the full agreements referenced. Additional
information and an opportunity to inspect the Property may be made
available to qualified prospective purchasers. You are advised to
independently verify the accuracy and completeness of all summaries
and information contained herein, to consult with independent legal
and financial advisors, and carefully investigate the economics of this
transaction and Property’s suitability for your needs. ANY RELIANCE
ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN
RISK.
The Owner expressly reserves the right, at its sole discretion, to reject
any or all expressions of interest or offers to purchase the Property,
and/or to terminate discussions at any time with or without notice to
you. All offers, counteroffers, and negotiations shall be non-binding
and neither CBRE, Inc. nor the Owner shall have any legal commitment
or obligation except as set forth in a fully executed, definitive purchase
and sale agreement delivered by the Owner.
Copyright Notice
© 2018 CBRE, Inc. All Rights Reserved.

Offering Introduction
Executive Summary
Infrastructure
Property Description
The Essence
Parcel Key
Subdivision Description
Investment Highlights
Residential Component
Residential Component
Residential Absorption
Area Overview
Kapalua Overview
Maui Overview
Hawaii Overview
1
2
3
T A B L E O F C O N T E N T S

O F F E R I N G
I N T R O D U C T I O N

6
OfferingIntroduction

EXECUTIVE SUMMARY
CBRE, Inc. is pleased to present a bulk sale of 49 fully entitled residential lots situated
on 122 acres of land on the island of Maui in the state of Hawaii. The lots comprise a
subdivision called Mahana Estates, a gated community. The Infrastructure is complete
with roads, gate, graded lots along with water, sewer and power lines that run right up
to the property line of each lot. The entitlements allow a developer the opportunity to
build up single family homes. In addition to the 49 lots the offer includes 12 supporting
lots dedicated to roads and utilities. The 49 lots in this offering range from 0.71 acres
to 4.30 acres and have an average lot size of approximately 1.73 acres.
Located in Kapalua, its historical plantation heritage has been an inspiration for the
region. Wellness and sustainability permeates through the daily life of inhabitants
with pristine natural beauty and lifegiving soil. You will find immense beauty and
welcoming shores, similar to what attracted Ancient Hawaiian settlers. Mahana Estates
beautifully blends world-class luxury and contemporary island living. Escape to your
very own tropical retreat on this island paradise, named “#1 Island in the World” by
Conde Nast Traveler Magazine and overlooking Kapalua Bay and Fleming Beach,
chosen as two of “America’s Best Beaches”, with Hawaii’s top ranked golf course
“Plantation Course” bordering the western perimeter.
At Mahana Estates, your home extends well beyond your front door. All residents
of Mahana Estates may purchase a membership to the Kapalua Club. As part of the
club, residents have exclusive member-only privileges, including golf and access to the
ocean-front Beach Club located adjacent to the five-star Montage Kapalua Bay. Here,
residents can relax poolside while enjoying the hot tub and drinks at the full-service
bar.
7

INFRASTRUCTURE
ITEM STATUS
LANDSCAPE Complete
IRRIGATION Complete
STREET LIGHT METERS Complete
STREET LIGHTING Complete
STREET SIGNS Complete
SIREN Complete
MAIL KIOSK Complete
MANHOLES & STRUCTURES Complete
ROADWAY
The Final layer to be paved by
EOY-2018
STRIPING & MARKING
To be completed after the final
roadway layer is paved. EOY-2018
UNDERGROUND WATER Complete
UNDERGROUND SEWER Complete
UNDERGROUND ELECTRICAL Complete
UNDERGROUND TELECOMMUNICATION
LINES OR CONDUITS Complete
SURFACE AND SUBSURFACE WATER
DRAINAGE Complete
DETENTION FACILITIES Complete
MAIN GATE FOR THE SUBDIVISION Complete
GRADING Complete
9

LANDSCAPE STREET LIGHT, LANDSCAPE, ROAD & TREES STREET SIGNS
STREET LIGHT METER
10

GATE, LANDSCAPE & SIGNS MAILBOX KIOSK
STORM DRAINSSIRENS
STORM DRAINS
STORM DRAINS
11

ELECTRICAL & TELECOMMUNICATIONS MAIN GATE
WATER DETENTION
12

LOCATION
Mahana Estates Lot 3-51
Kapalua, HI 96761
TMK (2) 4-2-010-003 to 051
TENURE Fee Simple
ZONING Planned Development
OPPORTUNITY
The sale of 49 fee simple lots and 12
supporting lots consisting of 122 acres
ENTITLEMENTS
All the necessary entitlements have been
secured
PROPERTY DESCRIPTION
14

STATE OF HAWAI’I
HAWAI’I
MAUI
O’AHU
KAUAI
MOLOKA’I
NI’IHAU
LANAI
15

MAUI
KIHEI
HANA
PAIA
MAKAWAO
KAHULUI
KAPALUA
KAANAPALI
LAHAINA
WAILEA
KAUPO
16

THE RITZ CARLTON
KAPALUA
PINEAPPLE HILL
AT KAPALUA
MONTAGE
KAPALUA BAY
THE PLANTATION
CLUB HOUSE
THE KAPALUA
VILLAS MAUI
NAPALI KAI
BEACH RESORT
THE PLANTATION COURSE
NAPALI SHORES MAUI
BY OUTRIGGER
KAPALUA
17

THE ESSENCE
Mahana Estates is designed to offer refuge for those seeking sanctuary in the heart
of luxury. Abundance meets minimalism as each lot was carefully spaced offering
tranquility and stillness to quiet the mind while powerful life-giving forces coerce
the air and soil to heal the body. Serenity and joy overwhelm you.
This development opportunity is beyond luxury and resort life style. Tropical
winds graze your cheeks as you face breathtaking views of the glimmering ocean
surface with Luxury amenities in the foreground. Looking down on Kapalua, home
to some of the Pacific’s most prestigious Luxury resorts, including the Montage and
Ritz Carlton Flagships.
19

PARCEL TMK
SIZE
(ACRES)
ELEVATION
3 2-4-2-10-3 1.414 166.0 ft
4 2-4-2-10-4 1.114 174.0 ft
5 2-4-2-10-5 1.593 186.0 ft
6 2-4-2-10-6 0.874 230.0 ft
7 2-4-2-10-7 1.045 230.0 ft
8 2-4-2-10-8 1.191 230.0 ft
9 2-4-2-10-9 1.447 226.0 ft
10 2-4-2-10-10 0.708 246.0 ft
11 2-4-2-10-11 0.767 265.0 ft
12 2-4-2-10-12 0.818 278.0 ft
13 2-4-2-10-13 0.854 290.0 ft
14 2-4-2-10-14 1.057 298.0 ft
15 2-4-2-10-15 0.744 310.0 ft
16 2-4-2-10-16 1.033 312.0 ft
17 2-4-2-10-17 1.211 275.0 ft
18 2-4-2-10-18 1.076 275.0 ft
19 2-4-2-10-19 1.107 273.0 ft
PARCEL TMK
SIZE
(ACRES)
ELEVATION
20 2-4-2-10-20 1.284 308.0 ft
21 2-4-2-10-21 1.517 298.0 ft
22 2-4-2-10-22 1.665 350.0 ft
23 2-4-2-10-23 1.374 416.0 ft
24 2-4-2-10-24 1.752 350.0 ft
25 2-4-2-10-25 1.376 395.0 ft
26 2-4-2-10-26 1.296 420.0 ft
27 2-4-2-10-27 1.536 380.0 ft
28 2-4-2-10-28 1.7 402.0 ft
29 2-4-2-10-29 2.485 434.0 ft
30 2-4-2-10-30 2.557 463.0 ft
31 2-4-2-10-31 2.849 470.0 ft
32 2-4-2-10-32 1.651 482.0 ft
33 2-4-2-10-33 1.884 495.0 ft
34 2-4-2-10-34 3.653 510.0 ft
35 2-4-2-10-35 3.884 525.0 ft
36 2-4-2-10-36 3.036 545.0 ft
PARCEL KEY
PARCEL TMK
SIZE
(ACRES)
ELEVATION
37 2-4-2-10-37 2.379 570.0 ft
38 2-4-2-10-38 2.455 590.0 ft
39 2-4-2-10-39 1.585 610.0 ft
40 2-4-2-10-40 4.299 515.0 ft
41 2-4-2-10-41 2.277 540.0 ft
42 2-4-2-10-42 2.118 566.0 ft
43 2-4-2-10-43 1.747 598.0 ft
44 2-4-2-10-44 1.992 625.0 ft
45 2-4-2-10-45 2.359 645.0 ft
46 2-4-2-10-46 1.4 650.0 ft
47 2-4-2-10-47 1.248 670.0 ft
48 2-4-2-10-48 1.806 682.0 ft
49 2-4-2-10-49 1.999 718.0 ft
50 2-4-2-10-50 1.506 743.0 ft
51 2-4-2-10-51 2.035 748.0 ft
VACANT LOTS
1
2
3
4
5
6
7
8
9
10
11
12
14
13 15
16
17
18
19
20
21
24
22
23
25
27
28
26
Total Acres 84.757
VACANT LOTS
VACANT LOTS VACANT LOTS
20

PARCEL TMK
SIZE
(ACRES)
ELEVATION
52 2-4-2-10-52 0.927
53 2-4-2-10-53 12.014
54 2-4-2-10-54 0.021
55 2-4-2-10-55 6.52
56 2-4-2-10-56 12.096
57 2-4-2-10-57 1.475
58 2-4-2-10-58 1.821
59 2-4-2-10-59 0.506
60 2-4-2-10-60 0.508
61 2-4-2-10-61 1.309
62 2-4-2-10-62 0.124
63 2-4-2-10-63 0.573
PARCEL TMK SALE PRICE
SIZE
(ACRES
ELEVATION
1 2-4-2-10-1 $8,350,000 1.302 148.0 ft
2 2-4-2-10-2 $9,500,000 1.019 152.0 ft
MODEL HOMES (FOR SALE THROUGH KELLER WILLIAMS)
3
29 30
31
32
33
34
35 36
37
38
39
40
41
42
43
44
45
46
47
48 49
Total Acres 36.967 Total Acres 2.321
SUPPORTING LOTS MODEL HOMES
SUPPORTING LOTS
50
51
21

OVERVIEW
The Subdivision covers forty-nine (49) vacant residential lots and twelve (12)
common area lots, plus two lots with finished homes in the Mahana Estates
Subdivision on approximately 125 acres of land. Located in Honokahua, Lahaina,
Island and County of Maui, Hawaii, situated on the southeasterly side of
Honoapiilani Highway. The Subdivision is approximately 34 miles from Kahului
Airport, approximately 4.2 miles from Kapalua Airport and approximately 10
miles from the town of Lahaina. The County of Maui issued final approval of the
Subdivision on February 8, 2017.
ROADWAYS
Roadway Lots 56 through 61, are intended to be owned and maintained by the
owners association. Six interior Subdivision roads will provide access to the
Lots within the Subdivision. Roads will include four (4) 60-foot wide right-of-
way arteries and two (2) 12-24 feet wide roadways throughout the Subdivision.
Construction of the interior Subdivision roads is complete.
ACCESS
Access to the Subdivision is complete from Honoapiilani Highway onto Mahana
Ridge Street within the Subdivision. Honoapiilani Highway is a 2-lane public road
which generally runs parallel to the Maui coastline with an average travel surface
width (in the vicinity of the Subdivision) of 12 feet.
SUBDIVISION DESCRIPTION
22

RESIDENTIAL LOT USES
Residential Lots may be used for single-family dwellings; private,
non-commercial gardens and horticultural activities.
ELEVATION
The Subdivision lies between 80 feet to 760 feet above sea level.
The general topography of the land within the Subdivision varies
but areas on the plateaus generally slopes to the south at an average
grade of about ten percent (10%).
SOILS CONDITIONS AND DRAINAGE
Regional and site topography indicate that surface runoff flows generally from East (mauka
mountain) to West (Makai ocean). Certain Lots in the Subdivision will contain drainage
basins, swales, drains, ditches, channels, lines, and other facilities for managing surface water
runoff within the Subdivision.
WATER SUPPLY
Potable and non-potable (irrigation) water is supplied to the Residential Lots by
underground water lines from the water system and transmission lines owned, operated and
maintained by Kapalua Water Company, Ltd. Potable and non-potable is water is delivered
by 1-inch meters. Extension of water transmission lines is currently 100% complete to the
Residential Lots.
SEWAGE DISPOSAL FACILITIES
Sewage disposal is provided to each Lot through a central sewage disposal system and sewer
lines owned, operated and maintained by the Kapalua Waste Treatment Company, Ltd.
Extension of sewer lines is currently 100% complete to the Residential Lots.
ELECTRICITY, TELEPHONE, GAS, CABLE TELEVISION
The electrical, cable and telephone systems are underground with service provided along the
Subdivision’s internal roadways. These lines are installed to a location at the street adjacent
to the boundary of each Lot.
23

R A R E O F F E R I N G
M a h a n a E s t a t e s p r o v i d e s a r a r e o p p o r t u n i t y t o p u r c h a s e s u b d i v i d e d a n d f u l l y
e n t i t l e d e s t a t e l o t s i n W e s t M a u i . T h e P r o p e r t y ’ s i n - p l a c e e n t i t l e m e n t s a n d
i m p r o v e m e n t s r e m o v e s s i g n i f i c a n t d e v e l o p m e n t u n c e r t a i n t i e s f o r t h e f u t u r e o w n e r .
D E V E L O P M E N T P O T E N T I A L
T h e z o n i n g a l l o w s f o r a m a i n r e s i d e n c e o f u n l i m i t e d s i z e . W a t e r a n d
e l e c t r i c a l u t i l i t i e s a r e i n p l a c e . A l l u t i l i t i e s a r e p r o v i d e d v i a u n d e r g r o u n d
t r a n s m i s s i o n l i n e s . T h e t o p o g r a p h y i s g e n t l y s l o p i n g t o w a r d s t h e o c e a n .
E X C L U S I V I T Y
A t M a h a n a E s t a t e s , y o u r h o m e e x t e n d s w e l l b e y o n d y o u r f r o n t d o o r . A l l
r e s i d e n t s m a y p u r c h a s e a m e m b e r s h i p t o t h e K a p a l u a C l u b . A s a p a r t o f t h e c l u b ,
r e s i d e n t s h a v e e x c l u s i v e m e m b e r - o n l y p r i v i l e g e s , i n c l u d i n g g o l f a n d a c c e s s t o t h e
o c e a n - f r o n t B e a c h C l u b l o c a t e d a d j a c e n t t o t h e f i v e - s t a r M o n t a g e K a p a l u a B a y .
K a p a l u a i s a p r e m i e r g e t a w a y d e s t i n a t i o n k n o w n f o r i t s u n r i v a l e d s e r e n i t y a n d
b e a u t y . M e a n i n g “ a r m s e m b r a c i n g t h e o c e a n ” i n H a w a i i a n , K a p a l u a i s h o m e t o a n
a r r a y o f w o r l d r e n o w n e d r e s o r t s a n d h o t e l s o f f e r i n g f i v e - s t a r c u i s i n e , s p a s e r v i c e s
a n d o u t d o o r a c t i v i t i e s .
E X C E P T I O N A L O C E A N & M O U N T A I N V I E W S
E x p a n s i v e s p e c t a c u l a r s u n s e t o c e a n v i e w s , i n c l u d i n g w h a l e
w a t c h i n g , a n d g r e a t v i e w s o f t h e c o a s t l i n e a r e s e e n f r o m t h e P r o p e r t y .
A C C E S S
F r o m H o n o a p i i l a n i H i g h w a y t h e r e a r e t w o a c c e s s p o i n t s t o t h e s u b d i v i s i o n w i t h
l e f t h a n d t u r n l a n e s a n d r i g h t - h a n d a c c e l e r a t i o n l a n e s . A c c e s s t o t h e l o t s i s f r o m
i n t e r n a l s t r e e t s w i t h i n t h e s u b d i v i s i o n .
INVESTMENT HIGHLIGHTS
26

R E S I D E N T I A L
C O M P O N E N T
2

O V E R V I E W
Mahana Estates is located in Kapalua just off the Honoapiilani highway
straddled between Kapalua Golf - The Plantation Course and the famous
Kapalua Resorts. The community consists of numerous subdivisions, private
estates and Resorts. Nestled at the base of the West Maui Mountains,
Mahana Estates truly realizes all the best features of living on Maui. The
lush landscapes of the mountainside behind you, combined with the unrivaled
beauty of the Pacific Ocean at the front, it is the ideal place to call home.
Maui is famous for its excellent weather and the Mahana Estates location
is no exception. With an average daily mean temperature of 75 degrees F
all year round the weather is perfect for comfortable living all year long.
The all-time highest recorded temperature is 86 degrees F and the lowest
recorded temperature is 66 degrees F.
The offering includes 49 vacant land lots. Two lots with homes already built
(Model Homes) are currently marketed separately by a residential real estate
firm. The existing homes are priced for sale at $9.5 million and $7.9 million.
RESIDENTIAL COMPONENT
30
RESIDENTIALCOMPONENT

V A C A N T L O T S
PARCELS 3-51
Vacant lots size range from 0.7 to 4.03 acres of land with
elevations from 166ft to 748ft.
M O D E L H O M E S
PARCEL 1 (MODEL HOME)
Site containing 1.302 acres of land with an elevation of 148
ft, with 5170 sf interior and 1855 sf lanai with 4 bedrooms
and 4.5 bathrooms including 1 outdoor shower. Currently
individually marketed for $8.35 million.
PARCEL 2 (MODEL HOME)
Site containing 1.019 acres of land with an elevations of 152
ft, with 6722 sf interior and 2743 sf lanai with 4 bedrooms and
4.5 bathrooms including 3 outdoor showers and 1 family room.
Currently individually marketed for $9.5 million.
( M o d e l H o m e s w i t h l a n d a r e c u r r e n t l y f o r s a l e
t h r o u g h K e l l e r W i l l i a m s )
31

RESIDENTIAL ABSORPTION
Maui demonstrating solid upward trend for Sales Volume,Transaction Counts, and High home prices.
*Historical data of homes that sit on land lots between .5 to 10 Acres
Avg. Home Price Annual Sales Volume Transactions
1 9 10 21 18 20 44 78 120 106 91 62 36 52 52 61 87 81 90 110 137 $-
$50,000,000.00
$100,000,000.00
$150,000,000.00
$200,000,000.00
$250,000,000.00
$300,000,000.00
$350,000,000.00
$400,000,000.00
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
$45,000,000
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Avg. Home Price Annual Sales Volume Transactions
32

33
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
$45,000,000
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Annual High Home Price
$-
$50,000,000.00
$100,000,000.00
$150,000,000.00
$200,000,000.00
$250,000,000.00
$300,000,000.00
$350,000,000.00
$400,000,000.00
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Annual Sales Volume
1
9 10
21 18 20
44
78
120
106
91
62
36
52 52
61
87
81
90
110
137
0
20
40
60
80
100
120
140
160 1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Annual Transaction Counts

KAPALUA OVERVIEW
Kapalua is one of Hawaii’s more luxurious resort communities with exclusive
activities such as golf, tennis, and water sports. Imbedded in rich history, the
origin of the Kapalua’s progression dates to the 1800’s with the formation of the
Maui Land & Pineapple Company. Originally, Kapalua was a large plantation
operation, growing varieties of local crops only later to be transformed into one of
Maui’s premier resort destinations and largest nature preserves in the state.
In Kapalua you will find several flagship resort hotels such as Kapalua Ritz-Carlton,
Montage Kapalua Bay, etc. You will also find a large residential community with a
mix of luxury condominiums and large estate single family homes. Condominium
prices are starting from $620,000 up to $7.75M averaging $2,000,000 per unit.
Large single family home estates are priced from $3,000,000 to $49,000,000 with
an average price of $8,300,000 per estate in 2018.
You will find welcoming shores and immense beauty, similar to what attracted
Ancient Hawaiian settlers. Mahana Estates beautifully blends world-class luxury
and contemporary island living. Escape to your very own tropical retreat on this
island paradise, named the “#1 Island in the World” by Conde Nast Traveler
Magazine and overlooking Kapalua Bay and Fleming Beach, chosen as two of
“America’s Best Beaches.”
38
AREAOVERVIEW

Where white sand beaches and the glimmering blue Pacific meet green,
lush, volcanic peaks sits Kapalua, Maui. Located on Maui’s northwest shore,
Kapalua is exclusive, sophisticated and relaxing with activities like golf,
tennis, water sports and tropical life that soothe the senses and the soul.
Host to the renowned Kapalua Wine & Food Festival, nestled amongst Cook
pines and surrounded by acres of pineapple, Kapalua is the perfect getaway.
Access to breathtaking nature, outdoor activities and beach-life is why
residents and visitors love Kapalua. After a day in the sun, experience an
authentic Hawaiian Luau. Feast on traditional foods such as succulent kalua
pig cooked in an earthen oven, poi or haupia (coconut pudding). Steep in
Hawaiian tradition as you enjoy this long-lived Hawaiian festivity which
includes time-honored Hawaiian music, hula dancing and fire dancing. From
your accommodations, plan a trip to the Haleakala Volcano; explore the
lush vegetation, birds and animals in this protected marine-life conservation
district. Follow a walking trail through the paths of ancient lava rivers
that have long since cooled and visit the caves, marveling at the stalactites,
stalagmites and flowstone.
Walking the winding trails of this ancient subterranean river of lava is safe
and easy and an enjoyable activity for the entire family. Climb to the peak
of the Haleakala volcano and take in the spectacular view of the crater from
the rim, or be adventurous and climb down into the crater on foot or on
horseback.
AMENITIES
40
AREAOVERVIEW

MAUI COUNTY OVERVIEW
Maui County includes four of the Hawaiian Islands: Maui, Kahoolawe, Lanai and
Molokai. It is the second-largest county in land mass and home to approximately 12% of
the state’s residents. Maui is also the second-most popular tourist destination in Hawaii
(about 2.4 million visitors in 2017) thanks to sites like the Haleakala Crater, Kaanapali
Beach, and the historic whaling town of Lahaina. The rustic feel of Lanai and Molokai
also attracts tourists looking for a relaxing vacation.
Maui’s economy relies heavily on tourism, with more than 40% of all jobs in the
accommodation, food services and retail sectors. Non-tourism areas generally grew more
rapidly during the past decade, particularly construction, health care and business services.
There is also a limited but growing technology sector on Maui, centered around the
Research and Technology Park in Kihei.
Visitors from the U.S. Western region make up most of the Maui tourism
market (47.2%), with visitors from the U.S. Eastern region also contributing
significantly. Maui has also reported some increase in visitors from Australia and Oceania.
The Island has an average daily census of 52,798, which is a 3.6% increase from 2017.
Roughly 67.2% of all visitors to Maui are repeat visitors. Modest gains are expected as the
U.S. and global recoveries strengthen.
42
AREAOVERVIEW

STATE OF HAWAII OVERVIEW
State of Hawaii is an archipelago comprised of 137 islands in the Central Pacific Ocean,
including eight major islands. The archipelago is one of the most isolated land masses in the
world and lies 2,400 miles from the West Coast of the U.S. Mainland. Honolulu, the state
capital, is located on the island of O’ahu. Hawaii’s approximately 1.3 million residents are
joined each year by about 8.9 million visitors, who enjoy the state’s pleasant climate, famous
beaches, world-renowned surf, active volcanoes and Polynesian cultural heritage.
Hawaii’s economy is centered on the tourism industry: transportation, accommodation and
food services, and retail trade sectors represent a significant fraction of total jobs. About
a fifth of Hawai’i’s jobs are in the government sector—with both state and federal civilian
components, as well as a large military component. Non-tourism service sectors such as
health care, business, administrative and professional fields have generally grown faster than
the economy overall, contributing to gradual diversification of the economy.
The majority of tourists to Hawai’i hail from the U.S. mainland. With a record number
of 8.9 million visitor arrivals, 2017 was the tourism industry’s best year ever, not only for
visitor arrivals, but also for visitor spending and tax revenue. In 2017, the average length of
stay for visitors dropped 0.8% in comparison to 2016. The average length of stay remains an
impressive 8.99 days. By island, the breakdown of visitor’s length of stay is: Oahu - 6.81 days,
Maui - 8.14 days, Hawaii Island - 7.49 days, and Kauai - 7.65 days.
44
AREAOVERVIEW

Y E A R : 2018
P O P U L A T I O N : 1,435,363
C A U C A S I A N : 26%
A F R I C A N A M E R I C A N : 2.8%
A S I A N : 36%
L A T I N : 10.8%
O T H E R : 35.2%
H O U S E H O L D S : 477,631
A V E R A G E H O U S E H O L D I N C O M E : $89,117.00
A V E R A G E H O M E V A L U E : $593,442.00
E M P L O Y M E N T 725,210
B L U E C O L L A R : 18.3%
W H I T E C O L L A R : 58.4%
S E R V I C E & F A R M : 23.3%
E D U C A T I O N ( A G E S 2 5 + ) 993,297
H I G H S C H O O L : 26.4%
S O M E C O L L E G E : 21.4%
B A C H E L O R S D E G R E E : 21.2%
M A S T E R S + : 10.4%
STATE OF HAWAII DEMOGRAPHICS
45
AREAOVERVIEW

KAUAI
ACCOMMODATIONS: 8,582
AVG DAILY RATE: $243.93 OAHU
AVG DAILY RATE: $219.53
MAUI
HAWAII
AVG DAILY RATE: $306
STATEWIDE
9,256,761
Total Arrivals In 2017
3.41 Million
International Arrivals
EXPENDITURES EXPENDITURESAVG. LENGTH
OF STAY
AVG. LENGTH
OF STAY
$5.9B $8.9B7.60 days 9.85 days
5.84 Million
Domestic Arrivals
2017 Visitor Statistics* (BY AIR)
2017 Hotel Revenue and Accommodations
V I S I T O R O V E R V I E W
STATE OF HAWAII
46
AREAOVERVIEW

VISITOR AND HOTEL STATISTICS 2017
(BY COUNTY)
OAHU MAUI
BIG ISLAND
(Hawaii)
KAUAI
Average Daily
Population
1,097,207 228,142 223,780 92,356
Average Daily
Visitor Census
104,602 61,882 37,042 26,667
Visitors Increase
Population by %
10% 27% 17% 29%
Average Visitor
Stays in Days
6.75 8.04 7.33 7.52
Hotel
Inventory
27,102 7,742 6,512 2,851
Condo Hotel
Inventory
4,246 4,402 499 1,657
Timeshare
Inventory
3,329 3,379 1,801 2,546
Vacation Rental
Inventory
3,270 5,472 2,037 1,710
Other Inventory 561 255 435 57
Total
Inventory (Units)
38,508 21,250 11,284 8,821
Hotel
Occupancy
87.3%
(+1.7%)
82.7%
(+2.9%)
85.9%
(+2.4%)
82.2%
(+0.3%)
47
AREAOVERVIEW

6
© 2018 CBRE, Inc. All rights reserved. This information has
been obtained from sources believed reliable, but has not
been verified for accuracy or completeness. You should
conduct a careful, independent investigation of the property
and verify all information. Any reliance on this information
is solely at your own risk. CBRE and the CBRE logo are
service marks of CBRE, Inc. All other marks displayed on this
document are the property of their respective owners.
CBRE, Inc
Broker Lic. 00409987
Contacts
Jie Ming Xie (S)
Associate
+1 808 541 5154
RS-73904
Jie.Xie@cbre.com
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欢迎咨询任何与房地产有关的
问题，乐意为您解答。
Norbert M. Buelsing (B)
Senior Vice President
+1 808 541 5104
Lic. RB-14812
Norbert.Buelsing@cbre.com
Peter Grossman (S)
Senior Vice President
+1 808 541 5143
Lic. RS-68843
Peter.Grossman@cbre.com

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