Maui Land & Pineapple Company, Inc. ( ML&P , NYSE : MLP ) is a land holding and operating company founded in 1909 and based in Kapalua, Hawaii , United States. It owns approximately 24,300 acres (100 km) on the island of Maui. It develops, sells, and manages residential, resort, commercial and industrial real estate; and operates retail, golf and utility operations at the Kapalua Resort . ML&P also owns and manages the 8,304-acre (33.61 km) Puʻu Kukui Watershed Preserve , one of the largest private nature preserves in the state of Hawaii . It formerly grew pineapples.
30-562: Maui Land & Pineapple Company was structured into three operating segments, but re-organized into two at the end of 2009 (with the closure of the pineapple business). The Resort segment includes the operation of the golf and vacation resort community, Kapalua Resort , and is managed through the Kapalua Land Company. The Community Development segment involves management of all the company's real estate development, construction, entitlements, sales and leasing activities as well as
60-632: A locally owned and operated successor to the Maui Pineapple Company, continues cultivation of 1,350 acres on the slopes of Haleakala. The company owned a multi-purpose processing facility in Kahului, Maui , where its fresh fruit packing and processing operations were consolidated. The facility also provided refrigerated storage, freight consolidation and warehousing to the greater Maui farming and agricultural community. Maui Pineapple Company's headquarters were located in Kahului, Maui with
90-1076: A satellite division, Kapalua Farms, located near Kapalua Resort , which was also owned by its parent company. The "Maui Gold" variety was introduced to the market by MPC in 2005. It is naturally sweet with a low acid content. Maui Gold is sold in Hawaii and the USA mainland, in both the West Coast and Midwest markets. Maui Gold Organic reached the market in melons. Maui Pineapple Company used field rotation, cover crop , and fallow time to manage sustainable agriculture. MPC fields were being evaluated for diversified crops, including taro and other tropical crops. The company used an Integrated Pest Management (IPM) system to reduce pesticides. Company history started in 1903 with Henry Perrine Baldwin and David Dwight Baldwin , sons of medical missionary Rev. Dwight Baldwin . The family acquired land in East and West Maui, and over
120-603: A subsidiary devoted to agricultural operations. Colin Campbell Cameron, a fifth-generation descendant of the Baldwin family, became its first president and CEO until his death in 1992. Harry Weinberg became an investor, but the Cameron family prevented him from getting a board seat. In 1975 ML&P incorporated Kapalua Land Company, Ltd. as its subsidiary dedicated to resort development. Maui Pineapple Company, Ltd.
150-662: Is named for Weinberg and his wife of 58 years, Jeanette Gutman Weinberg (1909–1989). Weinberg was born in 1908 in Galicia , then part of the Austro-Hungarian Empire , to a poor Jewish family. His father Joseph Weinberg came to Baltimore , Maryland in the US, and sent for his family in 1912. One of his earliest ventures was selling souvenirs for celebrations at the end of World War I . He dropped out of school at age 12 and worked in his father's car repair shop. During
180-650: The Great Depression of the 1930s, he and his brother William would buy properties at depressed prices, fix them up, and resell them for a profit. Throughout his career he was known for being a keen judge of undervalued assets, and having the patience to wait for their values to increase. In Honolulu , Hawaii , he repeated this with the Fifth Avenue Coach Company , in Scranton, Pennsylvania and Dallas, Texas . He started buying stock in
210-609: The PGA Tour ’s season-opening Hyundai Tournament every January. The Community Development division manages and develops ML&P’s land holdings. This includes the company’s real estate development, construction, entitlements, sales and leasing activities as well as the operation of Kapalua Realty and Kapalua Water Company, a Public Utilities Commission-regulated water system and sewage transmission operations that services Kapalua Resort in West Maui. ML&P’s projects are focused on
240-465: The luxury real estate market within the Kapalua Resort. This includes completed projects of Honolua Village Center, Kapalua Coastal Trail, Kapalua Spa and The Ritz-Carlton Club and Residences at Kapalua Bay. The Community Development division is also planning the affordable and moderately priced residential and mixed use communities of Pulelehua in West Maui and the expansion of Haliʻimaile in
270-867: The "Upcountry" area of Maui known as Kula . Maui Pineapple Company, Ltd. (MPC) was the United States' largest grower of Hawaiian pineapples . MPC began in 1909 as the Keahua Ranch Company, Ltd, and became the Maui Pineapple Company in 1932 . MPC cultivated and processed approximately 2,000 acres (8.1 km) of a hybrid variety of pineapple known as "Maui Gold." It operated Kapalua Farms, located near Kapalua Resort, which cultivated Kapalua Gold and Kapalua Emerald organic pineapples and Kapalua Natural transitional pineapples. Kapalua Farms operated Pineapple Farm Tours in West Maui and managed an organic diversified farming operation. The Maui Pineapple Company closed in 2009. The Hali‘imaile Pineapple Company,
300-513: The Hawaiian Islands, many major civic and private buildings and complexes were named after Harry and Jeanette Weinberg. Before his death in 1990, he had decreed that any building for which his charitable foundation gave more than $ 250,000 would have the couple's name on it somewhere...(Weinberg's) charter allows the foundation to contribute no more than 30 percent of a project's cost. [Baltimore Sun December 7, 2003|By Kate Shatzkin] One of
330-737: The Honolulu Rapid Transit Company in 1955, eventually gained control, slashed costs, and then sold it at a profit to the City & County of Honolulu (it is now known as TheBus ) in 1971. In 1968 he moved to Hawaii where he died November 4, 1990. His investments included Amfac, Inc. , Maui Land & Pineapple Company , Alexander & Baldwin , and other real estate ventures. In 1932 he married Jeanette Gutman (1910–1989). A supporter of Israel , in 1984 he had donated funds to air condition all of Israel's nursing homes. His wife having predeceased him, on his death in 1990, he
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#1732782368991360-472: The Maui Gold Brand to the Hawaii market. HPC purchased and licensed key assets, and leased farm land, equipment, and buildings from ML&P. The new company kept 65 of the old employees. The Kapalua Farms organic pineapple operation was taken over by Ulupono Sustainable Agriculture Development, backed by investor Pierre Omidyar in early 2010. In July and August 2010 Case increased his holdings in
390-832: The Maui community as well as Pineapple farm tours. Kapalua Resort include several residential communities, from mountain slopes to beach front: the Kapalua Ritz-Carlton Hotel; several vacation home rental programs, and the Kapalua Tennis Garden complex. Other services include the Kapalua Adventure Center and the Cafe Kapalua bistro. The resort has two golf courses: The Bay Course and The Plantation Course. The Bay Course meanders around historic buildings and tropical gardens to
420-605: The United States) shut down, and only fresh fruit was marketed. When Weinberg died and the Harry and Jeanette Weinberg Foundation inherited his stock shares, lawyer Daniel H. Case arranged a sale of the shares to keep the company intact. Gary L. Gifford announced he would resign May 27, 2003, and was temporarily replaced by Donald Young. A shopping center in Kahului was sold later that year. Former AOL executive Steve Case (Daniel Case's son) became an investor in 1999 buying
450-538: The board in 2008 and Cole left at the end of that year. On December 31, 2009, MPC ceased pineapple operations after 97 years. The move briefly put Maui out of the pineapple business, and left only a small pineapple operation run by Dole Food Company on Oʻahu growing one of Hawaii's signature crops. A group of former Maui Pineapple Company executives and local investors assumed pineapple operations on January 1, 2010. The new company, Haliʻimaile Pineapple Company, Ltd. (HPC), continued to grow and market fresh pineapple under
480-534: The coastline. It was the host course to the Kapalua LPGA Classic , a full-field tournament on the LPGA Tour in 2008. The Plantation Course is a traditional links style course with panoramic mountain and ocean views. It is home to The Sentry , the season-opening event on the PGA Tour , each January. The Plantation Course is unique among PGA Tour courses in several ways. It is the only course on
510-725: The company to over 60%, as the company retired some debt. In 2009 the Plantation golf course at Kapalua was sold to TY Management Corporation, and in September 2010 the Kapalua Bay course was sold to the same investors. Notes Kapalua Resort Kapalua Resort is a golf and beach resort in Kapalua, Hawaii on the northwest shore of the island of Maui near Lahaina, Hawaii . It is owned by Maui Land & Pineapple Company . Surrounded by 22,000 acres (89 km ) from
540-484: The course slopes downward through the 18th, with the 1st completing the descent. These three holes play to a combined 1,691 yards for the tour professionals, with only the 18th (at 663 yards) being par-5. The Plantation Course and The Bay Course are owned by TY Management. On April 1, 2011, Troon Golf was selected to oversee the golf operations at both courses. Colin Cameron, son of J. Walter Cameron (1895–1976) and grandson of Henry Alexander Baldwin (1871–1946) founded
570-420: The former Weinberg stake. Richard Cameron resigned as chairman, and stepped down as director in 2005. Cole started an ambitious expansion program for the resort. The original Kapalua Bay Hotel was torn down in 2006, and replaced by a "club" with memberships reportedly sold for $ 375,000. After rising fuel costs, a real estate price drop , and reduced tourism caused losses, layoffs were announced in 2008. Case joined
600-565: The foundation. Weinberg's will specified that 25 percent of annual distributions will go to Jewish charities and further specifies that the proceeds shall be used for the benefit of the poor, and bans gifts to music or arts institutions. The assets continued to grow in value, while large grants enabled entire buildings to be built, such as the Harry and Jeanette Weinberg Memorial Library at the University of Scranton . Throughout Baltimore and
630-815: The largest projects named in their honor was the Filipino Community Center in Waipahu, Hawaii , dedicated by Philippines President Gloria Macapagal Arroyo and representatives of President of the United States George W. Bush in 2002. The Filipino Community Center is one of the largest ethnic and cultural centers in the United States . Other projects include the Ko Olina Resort , which asked for $ 75 million in tax credits. The Harry and Jeanette Weinberg Foundation
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#1732782368991660-491: The next 100 years, they began ranching and their primary business of cultivating pineapples. The family expanded their land holdings, owning 22,600 acres (91 km) of land on Maui island by 1933. In 1962, it merged with Baldwin Packers. In 1969, Maui Land & Pineapple Company, Inc. was created by combining Alexander & Baldwin and J. Walter Cameron family holdings and went public, the Maui Pineapple Company, Ltd. being
690-511: The operation of Kapalua Realty, a general brokerage real estate company, located in Kapalua Resort. Kapalua Land Company, Ltd. (KLC) operates the Kapalua Resort of 1,650 acres (6.7 km), along with the development and sale of real estate on the resort. KLC was established in 1975 and manages resort holdings of over 800 residences, homesites and condominiums, golf courses, tennis courts, a spa, retail and pro shops. Kapalua Resort hosts
720-602: The partnership was terminated in May 2005. Notes 21°00′05″N 156°39′15″W / 21.00139°N 156.65417°W / 21.00139; -156.65417 Harry Weinberg Harry Weinberg (1908–1990) was an American billionaire businessman who founded The Harry and Jeanette Weinberg Foundation, Inc. , a private charitable foundation, with over $ 2 billion in assets in 2018 and headquartered in Owings Mills , Maryland and Honolulu , Hawaii . The foundation
750-617: The resort. It is operated by the Maui Land & Pineapple Company . The name kapa lua means "two borders" in the Hawaiian language . The beach was called "Fleming's" after David Thomas Fleming (1881-1955) manager of Honolua Ranch, who introduced pineapple as a major crop to the area. His 1915 house became the Pineapple Hill restaurant in 1964 until it closed in 1996. A new spa was going to be developed by Miraval resorts , but
780-479: The summit of the West Maui mountain range, to conservation. This area eventually became the Puʻu Kukui Watershed Preserve, one of the largest private nature preserves in Hawaii. In 1989 hundreds of remains of ancient Hawaiians were discovered when excavating for a new hotel. Colin Cameron's son Richard Cameron (born circa 1955) served as executive and chairman when the pineapple cannery (the last in
810-413: The tour that plays to par 73; all others play to pars between 70 and 72. It is also the only course with seven holes of more than 500 yards, but at the same time is one of only two courses ( Pebble Beach being the other) with six par-4s of less than 400 yards. The elevation changes on the course are starkly illustrated by looking at the 17th, 18th, and 1st holes as a set. The 17th starts atop a mountain, and
840-515: The verdant mountain ridges and summit of Puʻu Kukui to lava rock bays, Kapalua Resort is set amidst two nature preserves and former pineapple fields. Three beaches and the Kapalua Adventures zipline tours and activities are nearby. In the resort are the 5-acre (20,000 m ) Kapalua Spa, and a variety of restaurants and shops, including the historic Honolua Store. Kapalua Farms sells organic produce and eggs to resort restaurants and
870-578: Was established as its subsidiary devoted to pineapple and other agricultural operations. In 1975 the company opened its first golf course. Two other golf courses, homes, luxury condos, and another hotel (The Ritz-Carlton, Kapalua) followed over the next two decades. In 1978, ML&P dedicated 3,307 acres (13.38 km) of coastal land to establish the Honolua-Mokule'ia Marine Life Conservation District. In 1988, ML&P committed 8,304 acres (33.61 km) of its West Maui land, including Puʻu Kukui ,
900-465: Was survived by son Morton Weinberg, and left $ 3 million to his grandchildren. His will left the remainder, almost US$ 1 billion of property, to the Harry and Jeanette Weinberg Foundation they had founded in 1959. The Harry and Jeanette Weinberg Foundation was originally established in 1959. Upon his death in 1990 he left $ 3 million to his grandchildren. His will left almost US$ 1 billion of property to
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