Blackstone Buying Maui Resort for $1.1B

Blackstone Group LP is acquiring Grand Wailea from GIC Pte, Singapore’s sovereign wealth fund, for a reported $1.1 billion. The 40-acre luxury resort is located on the Hawaiian island of Maui. The property includes the 780-room Wailea, branded as a Waldorf Astoria resort and managed by Hilton. Located on the southwest shore of Maui, the …

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Author: Dennis Kaiser

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