Pursuits
Colony-Woodridge Venture Buys Ritz-Carlton Maui Resort
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A partnership of Thomas J. Barrack’s Colony Capital LLC and Woodridge Capital Partners LLC bought the Ritz-Carlton Kapalua resort in Hawaii for an undisclosed amount.
The new owners, which include Colony Financial Inc., an affiliate of Barrack’s firm, plan to make additional investments in the luxury property, the companies said in a statement today. The resort, on the island of Maui, will continue to be operated by Marriott International Inc. under its Ritz-Carlton brand.