The Dunes at Maui golf course taken off the market

The 18-hole, 6,841-yard The Dunes at Maui Lani golf course in Kahului on Maui, has been taken off the market.

Maui Lani Partners put the 172-acre Robin Nelson-designed course on the market for sale with no asking price in October 2011.

Adam Dornbush, vice president of Dornbush & Co., who had been marketing the course, told PBN that the seller took it off the market because there were no acceptable offers.

“They continue to own and operate it,” he said. “They would consider an offer but it’s not actively on the market.”

The Dunes at Maui Lani is the seventh-toughest golf course on the Neighbor Islands, according to PBN research.

Honolulu’s Dornbush & Co., which began focusing on golf course properties about five years ago, was receiving interest for the course from Asian and Canadian investors.

As I reported last year, Canadian investors, as well as Asian investors from China, Korea and Japan have been buying up Hawaii’s golf courses.

Recent examples include the Kapalua Plantation Course on Maui, which was purchased by Japanese investors and the Chinese/Canadian group that bought the Makaha Resort Golf Club in Leeward Oahu.

And don’t be too surprise if you see this trend continuing this year and beyond.

Reporter- Pacific Business News

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