Iconic Maui resort sold for more than $60M

WAILUKU » The 54-year-old Maui Lu Resort sold for more than $60 million, a Cali­for­nia commercial real estate firm said in announcing the closing of the sale.

The 28-acre Kihei property was sold to Tokyo-based Capbridge Group and local subsidiary Capbridge Pacific LLC.

The sale completed this week, said the firm Maxxam Enterprises, which is based in Beverly Hills, Calif.

Capbridge is collaborating with Hilton Grand Vacations on a $300 million time-share redevelopment of the property.

It was once known for its bungalows, pitch-and-putt golf course and social hall.

ON THE MOVE

Chamber of Commerce Hawaii has announced two staff appointments:

>> Matt Spencer to director of events and special projects. He previously served in marketing and events at DTRIC Insurance and has experience with University of Hawaii Athletics and Hawaii Winter Baseball, Isle Concierge and Aloha Agency.

>> Kelly Lum Ho joined the chamber as a membership sales executive. She was previously a digital account executive at KHON2 and a media consultant with Paradise YellowBook and worked at Sprint PCS Hawaii and Pacific LightNet.

PKF Pacific Hawaii has announced that Reg Baker has joined the firm as a partner, charged with leading its tax and accounting practices. He previously served as an executive vice president, chief operating officer, chief financial officer and treasurer for the Hawaii Medical Assurance Association the past four years.