Montage Hotels & Resorts Announces Montage Kapalua Bay

MAUI, Hawaii--()--Montage Hotels & Resorts announced today an expansion of its luxury hotel collection with the addition of Montage Kapalua Bay. Lantern Asset Management, on behalf of the resort’s ownership group, has appointed Montage Hotels & Resorts as its manager for the Maui-based hotel and residences, formerly the site of the iconic Kapalua Bay Hotel and presently operated as The Residences at Kapalua Bay. The expansive resort, set atop the world-class, picturesque Kapalua Bay, will undergo a multi-million dollar improvement program beginning this fall, with plans including 56 Montage branded residences offered for sale and the introduction of a 50 room all-suite Montage hotel.

Located on the island of Maui, Montage Kapalua Bay will join the collection’s current hotels and residences: Montage Laguna Beach, celebrating its 10th anniversary in 2013, Montage Beverly Hills and Montage Deer Valley.

“We are passionate about capturing the unique sense of spirit and place of the destinations in which we operate,” said Alan Fuerstman, Montage Hotels & Resorts Founder and CEO. “The aloha spirit of Maui and the graciousness of the Hawaiian people are the perfect complement to Montage's style of service, and this resort is an ideal addition to our portfolio. Guests looking for authenticity and a sense of discovery, all within a luxury setting, will find it here.”

Like its fellow Montage hotels, Montage Kapalua Bay will celebrate art and artisanship in many forms, including visually, and through culinary and spa offerings. Guests will experience an extraordinary blend of relaxation, rejuvenation and activation, with every detail celebrating the richness of the Hawaiian culture.

“We are delighted to be working with Montage Hotels & Resorts to make Montage Kapalua Bay the premier luxury resort destination on Maui,” said Andy Mitchell, president of the Dallas-based Lantern Asset Management. “We are confident that the exceptional hospitality and gracious service for which Montage is known, in combination with the unparalleled facilities and amenities of our property, will have tremendous appeal to those who enjoy the best of island living."

“With Montage, we look forward to working with the property’s owner associations and local leadership on the requisite approvals for our planned repositioning. With this venture, we are excited to become active members of the Kapalua community, offering both multiple employment opportunities and a renewed source of pride for this very special place.”

Montage Hotels & Resorts will assume management of the property immediately. While the improvement program is being completed, the property will continue to operate as The Residences at Kapalua Bay on an interim basis. For more information, please visit www.montagehotels.com/kapaluabay.

About Montage Hotels & Resorts

Montage Hotels & Resorts is a hotel and resort management company founded by Alan J. Fuerstman. Designed to serve the luxury traveler and homeowner, the company features an artistic collection of distinctive hotels, resorts and residences in stunning settings that offer comfortable elegance, a unique sense of place and spirit, impeccable hospitality and memorable culinary, spa and lifestyle experiences. Montage Laguna Beach, the company’s flagship oceanfront resort, opened in the vibrant arts community of Laguna Beach, California, in 2003. Montage Beverly Hills, the company’s second hotel, opened in Beverly Hills in 2008 and was the first Gold LEED certified hotel and residences in Southern California. Montage Deer Valley, located in Park City, Utah, is the company’s third property which opened in December 2010 and was awarded Top Family Program in the World by the Virtuoso travel network. www.montagehotels.com

About Lantern Asset Management

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. Lantern manages the resort on behalf of affiliates of Centerbridge Partners, L.P. and Lehman Brothers. Lantern is headquartered in Dallas, Texas, with offices in New York and Orlando. www.lanternam.com

Contacts

Montage Hotels & Resorts
Alyssa Bushey, 702-285-6234
Corporate Director, Marketing & Communications
abushey@montagehotels.com
or
M Booth
Jamie Foley, 212-539-3246
montage@mbooth.com

Montage Kapalua Bay (Photo: Business Wire)

Montage Kapalua Bay (Photo: Business Wire)

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Contacts

Montage Hotels & Resorts
Alyssa Bushey, 702-285-6234
Corporate Director, Marketing & Communications
abushey@montagehotels.com
or
M Booth
Jamie Foley, 212-539-3246
montage@mbooth.com