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Last $5.65 USD
Change Today 0.00 / 0.00%
Volume 0.0
MLP On Other Exchanges
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As of 8:04 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

200 Village Road

Lahaina

Maui, HI 96761

United States

Phone: 808-877-3351

Fax: 808-665-0641

Maui Land & Pineapple Company, Inc. develops, sells, and manages residential, resort, commercial, and industrial real estate. The company owns approximately 23,300 acres of land on Maui. Segments The company operates through four segments: Real Estate, Leasing, Utilities, and Resort Amenities. Real Estate This segment includes all land planning, entitlement, development and sales activities of its landholdings on Maui. The company’s principal real estate development is the Kapalua Resort, a master-planned, destination resort community located in West Maui encompassing approximately 3,000 acres. Real Estate Planning and Entitlements: The company has approximately 1,500 acres of land in Maui that are in various stages of the development process. The company is engaged in planning, permitting, and entitlement activities for its development projects. Kapalua Resort: The company has entitlements to develop various projects in the Kapalua Resort. Two that are planned include Kapalua Mauka and Kapalua Central Resort. Kapalua Mauka is the long-planned expansion of the Kapalua Resort located directly upslope of the existing resort development. As planned, it encompasses 800 acres and includes up to 639 residential units with extensive amenities, including up to 27 additional holes of golf. Kapalua Central Resort is a commercial town center and residential community located in the core of the Kapalua Resort. It consist of 46 acres and is planned to include up to 61,000 square feet of commercial space and 188 condominium and multi-family residential units. Pulelehua: This project is designed to be a new working-class community in West Maui. It encompasses 312 acres and is planned to include 882 single and multi-family residences, 95,000 square feet of commercial and retail spaces, an elementary school, churches, and a community center. Hali`imaile Town: The project includes 290 acres designated as urban Small Town in the Maui county's general plan. The company is in the early stages of this project's development. Real Estate Sales: The company’s wholly-owned subsidiary, Kapalua Realty Company, Ltd. provides general brokerage services for resales of properties in the Kapalua Resort and surrounding areas. Leasing This segment’s activities include commercial, light industrial and agricultural land leases, licensing of its registered trademarks and trade names, and stewardship and conservation efforts. Commercial and Industrial Leases: The company is the owner and lessor of approximately 290,000 square feet of commercial retail and light industrial properties, including the majority of the restaurants and retail outlets, buildings and activities in the Kapalua Resort. Agricultural Leases: The company is the lessor of 1,900 acres of diversified agriculture land leases in West and Upcountry Maui. Trademark and Trade Name Licensing: The company has licensing agreements for the use of its registered Kapalua trademarks and trade names with various different companies, mainly in conjunction with the leasing of its commercial spaces and agricultural lands. Stewardship and Conservation: The company manages the conservation of an 8,600-acre nature and watershed preserve in West Maui. A portion of its stewardship and conservation efforts is subsidized by the state of Hawaii and other organizations. Utilities This segment includes the operations of its two Hawaii Public Utilities Commission-regulated subsidiaries, Kapalua Water Company, Ltd. and Kapalua Waste Treatment Company, Ltd. In addition, it manages non-potable irrigation water systems in West and Upcountry Maui areas. Kapalua Water Company, Ltd. provides potable and non-potable water utility services in the Kapalua Resort area, including the Kapalua Plantation Golf Course (PGC) and the Kapalua Bay Golf Course (Bay Course), The Ritz-Carlton Kapalua hotel, The Residences at Kapalua Bay, and landscaped common areas. Kapalua Waste Treatment Company, Ltd. provides sewage collection and transmission services in the Kapalua Resort area. Waste water treatment is processed by the County of Maui's facility in neighboring Lahaina, Maui. Non-Potable Irrigation Water Systems: The company also owns and operates non-potable ditch, reservoir and well systems, which provide irrigation water primarily to the County of Maui, the PGC and Bay Course, and agricultural users in West and Upcountry Maui areas. The company’s utility services are primarily affected by the amount of rainfall and the level of development and volume of visitors in the Kapalua Resort area. In addition, its water and sewage system infrastructure requires periodic and ongoing maintenance, which in some cases can involve significant capital expenditures. Resort Amenities This segment includes the operations of the Kapalua Club, a private, non-equity club providing its members special programs, access, and other privileges at certain of the amenities at the Kapalua Resort, including a 30,000 square foot full-service spa and a private pool-side dining beach club. Discontinued Operations In 2013, the company ceased operating the spa and beach club in conjunction with The Residences at Kapalua Bay settlement. History Maui Land & Pineapple Company, Inc. was founded in 1909.

 

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