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Maui County
The Maui 10
Who's the county's most powerful player?
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July 19, 2007
| RANK | PREVIOUS | COMPANY | 1
| 1
| Dowling Co | 2
| 2
| Monsanto Hawai`i | 3
| 4
| Alexander & Baldwin | 4
| 3
| Tesoro Hawai`i | 5
| 5
| Maui Land & Pineapple Co. | 6
| 6
| Weinberg Foundation | 7
| 7
| Goodfellow Brothers | 8
| 8
| Hawaiian Telcom | 9
| 9
| Hawaiian Electric Co. | 10
| 10
| Wailuku Water Co. |
LAND HO?
With some hesitation and trepidation, we're going to move A&B up
a notch on news that it wants to buy up even more of the state. "We
will call upon him [A&B Properties VP Lance Parker] to
significantly increase our level of activity in the Hawaii real estate
market," company Senior Vice President Michael Wright said in a July
10, 2007 online Pacific Business News
story. Given that A&B already controls 89,000 commercial,
residential, agricultural and open space acres of Hawai`i, buying up a
few more—or a lot more—acres is probably a good thing, though given the
increasing volatility of the American real estate market, it might just
be too much of a good thing.
ROOM TO GROW
Looks like Everett Dowling of Dowling Co. is really going to get his
money's worth. Guy is part of the hui that just paid $575 million for
Makena Resort and the Maui Prince Hotel, and it looks like the sky's
the limit for the island's hotel industry. According to a July 13
online Pacific Business News
story, Hospitality Advisors says our island's hotels are running at
82.5 percent occupation, which while down 3.4 points from last summer's
number, is four and a half points higher than the state average and a
stunning 22 points over the national average. What's more, the average
island room rate is $319, which is up an impressive 13.9 percent over
last summer. Is it any wonder Dowling wants to balloon the size of
Makena Resort? MTW
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