Argosy Real Estate Partners acquires opportunity zone site for Hampton by Hilton hotel in Maui
Argosy Real Estate Partners, in partnership with Peachtree Group and Blackridge Group, has acquired a 5-acre opportunity zone site for the development of a 136-room, premium-branded select-service Hampton by Hilton hotel on the island of Maui.
The project in Kahului, Hawaii, began construction in first quarter 2023 and is scheduled to be delivered in early 2025. It will feature ocean views, meeting space, a fitness center and a pool. The partnership will pursue a LEED green building certification.
Argosy’s investment was made alongside Peachtree Group, an investment firm that acquires and develops premium-branded, select-service and extended-stay hotels throughout the United States, and Blackridge Group, a privately owned hotel development company.