ASAP International Holdings Acquires Hotel In Maui, HI For $80M

The Hotel located at 100 W Kaahumanu Ave in Maui, HI has been sold in a recent transaction. The sale was completed on January 28, 2022. The property, owned by Jerome Yuan and Frank Yuan, was purchased by ASAP International Holdings. The buyers, Frank Yuan and Jerome Yuan, represented their company in the deal. Colliers International, represented by Jeremy Thornton and Nicole Sayers, acted as the brokers in the transaction.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $80,000,000
• Address: 100 W Kaahumanu Ave
• Market: Maui, HI
• Square Footage: 182,673
• Price per Square Foot: $438
• Number of Rooms: 188
• Price per Room: $425,500

The Hotel, with a total of 188 rooms, was sold at a price of $80,000,000. The transaction represents a price per square foot of $438 and a price per room of $425,500. This deal was facilitated by ASAP International Holdings, with Frank Yuan and Jerome Yuan as representatives. Colliers International, through their brokers Jeremy Thornton and Nicole Sayers, played a significant role in the successful completion of the transaction.