LOS ANGELES, CA, February 16, 2022 – ASAP Holdings is proud to announce the acquisition of the Maui Seaside Hotel, a 195-key hotel located on the island of Maui, a limited-service hotel with a restaurant and a swimming pool in Kahului, Maui. Founded in 1956, Maui Seaside Hotel embodies the spirit of Hawaii; a place where hospitality is at the forefront.
This hotel represents the extremely rare opportunity to acquire a fee simple beachfront hotel in Kahului, in a market with limited competition and high barriers to entry.
Maui Seaside Hotel provides the ideal location for its guests with direct beach access. Minutes away from the Kahului Airport and Kahului Harbor, the Maui Seaside Hotel is convenient for business travelers, neighbor island locals or the visitor looking to stay out of resort areas of Wailea and West Maui. A wealth of nearby attractions including outdoor activities, restaurants, popular retail destinations, and entertainment venues are all within minutes of guests who stay at the Maui Seaside Hotel
Frank Yuan, CEO of ASAP Holdings stated that “Hawaii has seen tremendous leisure travel throughout the recent international lockdowns. We expect U.S. leisure travel to continue as the leader for growth as we come out of the pandemic. The Maui Seaside Hotel offers us a rare value add opportunity in a high growth market. We plan to spend significant dollars to convert the hotel to The Tapestry Collection by Hilton which is positioned in the upscale segment. Once renovated, the hotel will be the only upscale Hilton in Maui for their 90M Hilton Honors members to utilize their points for vacation.”
About ASAP International Holdings
ASAP Holdings is privately owned hotel private equity firm, specializing in offering real estate investment related services focusing on hospitality, including acquisition advisory, financing, asset management, and strategic repositioning. The company also provides investment banking and management consulting services for institutes and high net worth individuals.
Corporate website: www.asapholdings.com
With the exception of historical information, the matters discussed in this news release include “forward-looking statements” within the meaning of the federal securities laws that are qualified by cautionary statements herein and in all company’s filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in our expectations.