KH Group Acquires Makaha Valley Golf Resort in Hawaii, USA

[Asia Economy Reporter Hyungsoo Park] KH Group has acquired the Makaha Valley Golf Resort in Hawaii, USA, aiming to expand its competitiveness in the overseas leisure tourism business.

KH Group announced on the 4th that its affiliate KH Gangwon Development has completed the final payment for the Makaha Valley Golf Resort and finalized the acquisition. KH Gangwon Development is a special purpose corporation funded by KH Electronics, KH Philux, and others.

In response to the leisure tourism demand following the reopening of economic activities, KH Group plans to develop approximately 545,454㎡ of idle land out of the total site area of about 2,604,958㎡ into hotels, condos, and luxury villas. The permit procedures have been completed.

A KH Group official said, "We have established premium resort infrastructure from Alpensia in Korea to Makaha Valley in the USA," adding, "With 27 holes at Alpensia CC, 18 holes at 700CC in Korea, and 36 holes at Makaha Valley CC in the USA, we own a total of 81 holes domestically and internationally, and we will prepare various synergy plans."

Makaha Valley is located on Oahu Island, the main island of Hawaii, where Honolulu International Airport is situated. It features the ocean in front and the Waianae mountain range behind. It is also included in the coastal road ocean view course, making it one of the most scenic locations on Oahu Island.

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