A beloved Hawaii landmark is poised for a luxurious transformation. The iconic Turtle Bay Resort on Oahu’s North Shore has been acquired by Host Hotels & Resorts, a leading real estate investment trust, for $725 million. Host said in a statement that the acquisition paves the way for the resort’s rebranding under the prestigious Ritz-Carlton banner, managed by Marriott International.

Previously owned by Blackstone Real Estate, Turtle Bay boasts a rich history with appearances in over 150 films and television shows including Magnum P.I., Forgetting Sarah Marshall, and Pirates of the Caribbean: On Stranger Tides. The sprawling property encompasses 450 guest rooms and bungalows nestled amidst 1,300 acres of scenic coastline. Blackstone significantly enhanced the resort during their ownership, completing renovations of guest rooms, bungalows, the lobby area, its resort pools and amenities.

Host Hotels & Resorts plans to seamlessly integrate Turtle Bay into the renowned Ritz-Carlton portfolio, signifying a commitment to providing unparalleled luxury experiences. Guests can anticipate the impeccable service standards and refined amenities synonymous with the Ritz-Carlton brand.

The sale also included a separate transaction between Blackstone and Areté Collective for the development of an additional 65 acres within the Turtle Bay property. Details regarding this new project remain undisclosed.