Mani Brothers Real Estate Group acquired the 72-acre Travaasa Hāna resort in Hana, Hawaii, from real estate investment firm Amstar Group for an undisclosed amount. The oceanfront property is situated on Maui’s east coast and includes 75 private, standalone bungalows.
“Remaining a vital part of the Hāna community is of the utmost importance to us. We have loved traveling to Hawaii for many years as a family and look forward to being involved in this magical destination,” noted new owners Simon and Daniel Mani. “We will refresh the historic property while maintaining its original spirit.”
The wellness-centric property features a spa with 12 treatment rooms, steam rooms, cold-water plunge pools and an outdoor lava-rock whirlpool. It offers two full-service food and beverage venues: an open-air restaurant called The Preserve Kitchen and Bar and the upscale Hāna Ranch Restaurant. It also provides experiential offerings, including yoga, guided meditation, horseback riding and stand-up paddle-boarding.
West Hollywood, Calif.-based Mani Brothers Real Estate Group owns, renovates, operates, manages and leases 1.3 million square feet of commercial property. It made its first entry into luxury hospitality in 2015 with the purchase of the Malibu Beach Inn. It also acquired the Embassy Suites by Hilton Napa Valley in California in July 2018 and expects to carry out an extensive renovation and rebrand. The company also plans on opening a new-build boutique luxury product in Napa.