Maui Land & Pineapple Company
Maui Land & Pineapple Company, Inc. (ML&P, : MLP) is a land holding and operating company founded in 1909 and based in Kapalua, Hawaii, United States. It owns approximately 24,300 acres (100 km2) on the island of Maui. It develops, sells, and manages residential, resort, commercial and industrial real estate; and operates retail, golf and utility operations at the Kapalua Resort. ML&P also owns and manages the 8,304-acre (33.61 km2) Puʻu Kukui Watershed Preserve, one of the largest private nature preserves in the state of Hawaii. It formerly grew pineapples.
Maui Land & Pineapple Company was structured into three operating segments, but re-organized into two at the end of 2009 (with the closure of the pineapple business). The Resort segment includes the operation of the golf and vacation resort community, Kapalua Resort, and is managed through the Kapalua Land Company. The Community Development segment involves management of all the company's real estate development, construction, entitlements, sales and leasing activities as well as the operation of Kapalua Realty, a general brokerage real estate company, located in Kapalua Resort.
Kapalua Land Company, Ltd. (KLC) operates the Kapalua Resort of 1,650 acres (6.7 km2), along with the development and sale of real estate on the resort. KLC was established in 1975 and manages resort holdings of over 800 residences, homesites and condominiums, golf courses, tennis courts, a spa, retail and pro shops. Kapalua Resort hosts the PGA Tour’s season-opening Hyundai Tournament every January.
The Community Development division manages and develops ML&P’s land holdings. This includes the company’s real estate development, construction, entitlements, sales and leasing activities as well as the operation of Kapalua Realty and Kapalua Water Company, a Public Utilities Commission-regulated water system and sewage transmission operations that services Kapalua Resort in West Maui.
ML&P’s projects are focused on the luxury real estate market within the Kapalua Resort. This includes completed projects of Honolua Village Center, Kapalua Coastal Trail, Kapalua Spa and The Ritz-Carlton Club and Residences at Kapalua Bay. The Community Development division is also planning the affordable and moderately priced residential and mixed use communities of Pulelehua in West Maui and the expansion of Haliʻimaile in the "Upcountry" area of Maui known as Kula.
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