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Dowling Company, Inc. in partnership with Morgan Stanley is pleased to announce the acquisition of the 1,800-acre master-planned resort in Makena that includes the 310-room beachfront Maui Prince Hotel, two 18-hole Robert Trent Jones, Jr. designed golf courses, and approximately 1,300 acres of undeveloped land from the Seibu Group. The acquisition was completed in June 2007.

We are excited to become the entrusted keeper of this extraordinary property. We intend to bring our company's deep commitment to environmentally and culturally sensitive development to every aspect of Makena Resort.