Maui Land & Pineapple Reports 2nd Quarter 2014 Results

KAPALUA RESORT, Hawaii, Jul 29, 2014 (BUSINESS WIRE) -- Maui Land & Pineapple Company, Inc. MLP +0.68% reported net income of $477,000, or $0.03 per share, for the second quarter of 2014, compared to net income of $831,000, or $0.04 per share for the second quarter of 2013. The Company reported revenues of $5.0 million and $2.6 million during the second quarters of 2014 and 2013, respectively.

In May 2014, the Company sold a 4-acre parcel and building that serves as the maintenance facility for the Kapalua Plantation Golf Course for $2.3 million. The sale resulted in a gain of $1.5 million.

In June 2013, the Company sold a 7-acre parcel that was the last of its former agricultural processing facilities in central Maui for $4.0 million. The sale resulted in a gain of $1.9 million.

For the six months ended June 30, 2014, the Company reported a net loss of $432,000, or $(0.02) per share, compared to a net loss of $984,000, or $(0.05) per share, for the six months ended June 30, 2013. The Company reported revenues of $7.5 million and $5.2 million during the six months ended June 30, 2014 and 2013, respectively.

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Montage Kapalua Opens on Maui, Hawaii

Luxury Travel Magazine

Golf Travel - Montage Kapalua Bay Opens in Maui, Hawaii

Montage Hotels & Resorts announces the grand opening of Montage Kapalua Bay, spanning 24 acres above picturesque Kapalua Bay, on the northwest coast of Maui.

Following a $15 million renovation of the former Residences at Kapalua Bay, the new all-suite resort is a private oceanfront escape with an emphasis on comfortable luxury, gracious service, memorable experiences and regionally inspired dining, all in an immersive Hawaiian setting.

Guest Suites 

Montage Kapalua Bay offers 50 luxurious residential-style suites, ranging from one to four bedrooms, to accommodate all types of travelers with the comforts of home. Montage Kapalua Bay also offers 54 Montage branded residences for purchase. Each room features large "lanais" (balconies), offering a panoramic view of the Pacific Ocean and neighboring islands. Guestrooms include a new, sleek color palette and furnishings, including day beds on the balconies, creating a flowing indoor and outdoor entertainment space. Suites are also equipped with full gourmet kitchens to prepare meals or where Montage chefs may prepare dinner for guests. Other comforts of home include signature Montage bedding, a spacious living area including a sectional sofa with an additional bed and a washer and dryer. Bringing a touch of the authenticity of the island into the experience, each guest suite will feature an original piece of hand-painted local artwork.

New Signature Dining Experiences

Montage Kapalua Bay's signature restaurant, Cane & Canoe, is reminiscent of a traditional Hawaiian canoe house, where locals and artisans would socialize, make sails, shave wood and weave baskets. In this historically rich setting, travelers and locals may dine together, savoring diversely influenced cultural cuisine under the direction of executive chef Riko Bartolome. 

The restaurant's interiors honor the Hawaiian culture with a comfortable, communal atmosphere with wood scrollwork, woven textures and vibrant floral touches. This homage to the past is captivatingly juxtaposed with the gifts of modern luxury, including sophisticated sofa banquettes and most importantly, a contemporary approach to cuisine, showcasing fresh, local ingredients. 

For a more casual dining experience, the outdoor Sunset Patio offers an all-day menu suited for leisurely poolside dining. The adjacent Hana Hou bar will also serve as the perfect gathering spot to end the day and take in the Hawaiian sunset. 

At the new Mahana Market, guests may purchase an array of Hawaiian gourmet goods. Open daily, guests may select from an assortment of "gourmet to go" prepared, local organic foods and curated wines. 

Health & Wellness 

Spa Montage Kapalua Bay, designed with inspiration from the mountains and ocean to create a peaceful surrounding with natural materials, is a 30,000 sq. ft. tropical wellness oasis with indigenous plants and immaculate design elements. Within this space, guests may experience all of the components that contribute to a balanced and healthy lifestyle in Hawaii, customarily known as "pono."

Every service is personalized, authentic, and evidence-based. The highly educated therapists aim to exceed guests' expectations by connecting guests to the island's surroundings, utilizing indigenous ingredients.

An expansive fitness center and wellness program complements the spa therapies, introducing the benefits of movement to enrich experiences from the inside and out. Highlights include circuit training machines, the Kinesis System, free weights and a full range of cardio equipment. A robust assortment of fitness classes in the ocean view movement studio caters toguests of all fitness levels, with oceanfront fitness classes also available.

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