The interests held by Kaupulehu Developments include development rights under option; the rights to receive percentage and interim payments from sales of Lot 4A Increment I lots; the leasehold land zoned for resort/residential development within Lot 4A Increment II, which is under a right of negotiation; and approximately 1,000 acres of leasehold land zoned conservation. These interests relate to land located adjacent to and north of the Four Seasons Resort Hualalai at Historic Ka'upulehu, between the Queen Kaahumanu Highway and the Pacific Ocean.

 

(click here for the next map)

 

 

(click here for an aerial photo of the Kaupulehu/Kukio area, including Hualalai Resort and the Kukio Resort Golf and Beach Club)

 

 

 

(click here for the Kaupulehu Lot 4-A Conceptual Development Plan)

For more information about Hualalai Resort please visit www.hualalairesort.com

Please refer to Barnwell's SEC filings for more information.