KH Group Selected as Prospective Buyer for Hawaii Makaha Valley Golf Resort

[Asia Economy Reporter Park Hyungsoo] KH Group has been selected as the prospective bidder for the acquisition of Makaha Valley Country Club, located in Hawaii, USA.

KH Group's KH Gangwon Development announced on the 15th that it has been chosen as the final prospective acquirer through the 'Stalking Horse' method in the bidding for Makaha Valley Country Club. The Stalking Horse method involves the seller selecting a preliminary buyer to enter into a conditional investment agreement, and then confirming the acquirer through an open bidding process.

If no additional bidders come forward by the bid deadline on the 30th, KH Group will finalize the acquisition of Makaha Valley Country Club. Ownership is expected to be transferred to KH Gangwon Development as early as August.

KH Group plans to develop approximately 545,454㎡ (165,000 pyeong) of idle land out of the total site area of 2,604,958㎡ (788,000 pyeong) into independent, high-end resorts. The resort remodeling project and construction of ancillary facilities will be undertaken by its affiliate, KH Construction.

Makaha Valley Country Club was designed by William Bell, who created the Torrey Pines South Course where the 2008 U.S. Open was held, and consists of a total of 36 holes divided into east and west courses.

It is conveniently located about 40 minutes from Honolulu International Airport and about 50 minutes from Waikiki Beach. Visitors can enjoy ocean views while traveling along the coastal road. The climate is dry and mild, providing excellent conditions as a resort destination.

In particular, KH Gangwon Development successfully acquired the Pyeongchang Alpensia Resort in February. After acquiring Makaha Valley Country Club, various synergies are expected, including discount benefits linked with Alpensia Resort.

This content was produced with the assistance of AI translation services.