New 450-acre project in Hawaii to expand the Timbers Resorts brand
One of the largest independent developers of of private boutique resorts and residence clubs is growing again. Timbers Resorts announced its latest project, a new development on the Hawaiian island of Kauai. The new 450-acres resort on the island’s southeast coast will join the Timbers portfolio alongside top-ranking resorts throughout the US and Europe.
Named Hokuala, which means “rising star” in Hawaiian, the new oceanfront resort will offer both residents and guests the best of all worlds available in Hawaii. With unfettered views of the ocean, direct access to the shore, and the serene beauty of the surrounding mountains, the new development will appeal to those who don’t like to feel removed from their surroundings. Golf, tennis, hiking, biking, and opportunities for adventure at the beach or in the mountains will require nothing more than mere steps from the front door.
That’s not to say the development will skip on the resort amenities Timbers Resorts is known for. The award-winning Jack Nicklaus Signature Course will get a makeover, a new name, and the accolade of longest continuous stretch of oceanfront golf in Hawaii. The resort will also boast a retail shopping village and a boutique hotel with a destination spa, restaurants, cafes, bars, pools and multiple wedding venues.
Those seeking to own a piece of this paradise can choose from luxury whole ownership residences or secure the vacation home of their dreams in the private residence club. The latter offers a smarter way to own a home in Hawaii with none of the hassle or headache usually associated with full ownership.
Owners at Timbers Kauai will be members of the Timbers Collection, offering a host of perks and privileges from some of the most recognized travel and lifestyle partners in the world, as well as the opportunity to trade vacation time with other owners through the Timbers Reciprocity Program and experience destinations throughout the entire Timbers portfolio.
Timbers Resorts, in ownership with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), will develop the property. Oaktree is a leading global alternative investment firm and a majority shareholder of Timbers. Tower Investments originally sourced the deal and will remain an investor.
“Hokuala is truly one-of-a-kind and we have full confidence that Timbers Resorts is the right team to fully realize the potential of this stunning piece of land on Kauai,” said John Brady, Global Head of Real Estate for Oaktree. “We value our ongoing partnership with the Timbers team and are pleased to help further establish Timbers’ reputation as a premier luxury residential resort developer and operator.”
About Timbers Resorts:
Timbers Resorts is the developer and operator of a collection of properties in over 14 of the world’s most diverse high-end destinations. A portfolio known as the Timbers Collection, destinations include boutique, private resorts, hotels and residence clubs in ski, golf, leisure and beach locations. Since 1999, Timbers Resorts has been committed to being authentic, unique and respectful of the destination, focusing on family and experiences, and never compromising with regard to quality and service. Owners at properties in the Timbers Collection are granted an ownership experience with expanded benefits through a host of travel and lifestyle partners such as Sentient Jet, Hertz, MedJet Assist and more, as well as access to the Timbers Reciprocity Program and the ability to trade vacation time with other destinations in the portfolio. Current Timbers Collection properties can be found in Aspen, Beaver Creek, Cabo San Lucas, Jupiter, Kaua’i, Maui, Napa, Scottsdale, Snowmass, Sonoma, Southern California, Steamboat, St. Thomas, Tuscany and Vail. For more info, please visit www.timbersresorts.com.