Firm represents Lantern Asset Management and ownership group in Montage Hotels & Resorts’ addition of Montage Kapalua Bay to its luxury hotel collection.
On August 1, Montage Hotels & Resorts announced an expansion of its luxury hotel collection with the addition of Montage Kapalua Bay. Willkie client Lantern Asset Management, on behalf of the resort’s ownership group, appointed Montage Hotels & Resorts as its manager for the Maui-based hotel and residences, which was formerly the site of the iconic Kapalua Bay Hotel and is presently operated as The Residences at Kapalua Bay. Willkie represented Lantern and the ownership group.
The expansive resort, set atop the picturesque Kapalua Bay, will undergo a multimillion-dollar improvement program, which includes plans for 56 Montage branded residences offered for sale and the introduction of a 50 room all-suite Montage hotel.
Montage Hotels & Resorts is a luxury hotel and resort management company featuring an artistic collection of distinctive hotels, resorts and residences, including Montage Laguna Beach, Montage Beverly Hills and Montage Deer Valley, located in Park City, Utah. Based in Dallas, TX, Lantern Asset Management, LLC is a full-service commercial real estate asset management firm dedicated to being the preferred partner for investment, development and operation of complex assets.
The deal was handled by Real Estate partner Thomas Henry and associates Michael Jackowitz, Cindy Yellen, Owen Reidy and Timothy DeKeyser, with assistance from corporate partner Rosalind Fahey Kruse and associate Veronica Ng.