Word: resorts
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Dates: during 1970-1979
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...statement of April 27, 1978, based on the ACSR report, the Corporation concluded that divestiture "is only appropriate under extremely limited circumstances" because "it is a relatively ineffective means of pursuing ethical ends." The statement called divestiture a "last resort" to be employed only when a company fails to adhere to reasonable ethical standards, long-term efforts to change company policy have failed, and future efforts seem doomed to failure...
Where is real estate climbing fastest in the U.S.? Try Aspen and neighboring Snowmass, Colo., the ski-and-sun resort area whose population of 17,000 swells to 35,000 when the snow is on the trails from Thanksgiving through mid-April. Six years ago, studio apartments in the Lichenhearth condominium complex sold for $30,000; today, these 675-sq.-ft. jewel boxes go for $175,000. Last year Jay Kuhne, a California real estate man, parted with $275,000 for his three-bedroom town house condo on the Aspen Club grounds; this year the unit is selling...
Tourism, however, is the island's biggest money spinner ($176 million, vs. $65 million from agriculture in fiscal 1977). Maui's seven major resort hotels have an occupancy rate of well over 90%, a phenomenon that actually distresses the hoteliers because they hardly have time to change the sheets between check-out and checkin. Not at all unhappy are the property developers who are dotting condominiums around the hotels on what was useless brush and mesquite land a few years ago. If Maui in the past century was ravaged by diseases brought in by outsiders, the island today...
...first and still biggest pleasure complex to sprout in the wilderness, in 1962, was the Kaanapali Beach Resort on Maui's west coast, overlooking the cloud-capped, green-velvet islands of Molokai and Lanai. On 470 acres girdled by three miles of wide white sand beach, Kaanapali has more than 2,200 rooms divided among the Sheraton-Maui, Royal Lahaina (the island's largest), Kaanapali Beach and Maui Surf hotels. Other Kaanapalitan lures include two championship golf courses (several couples each year get married on the 18th hole); 20 tennis courts; Whaler's Village, a 30 store...
...removed from the resort-condo centers is Hana, edging the rain forest on the east coast. It was from Hana's shores in 1778 that King Kamehameha the Great glimpsed the first of the tall ships that were to impose Western so-called civilization on Hawaii; the ship's English captain, James Cook, mapped the island, which he spelled Mowee.* Though Hana can be reached in minutes by air, driving there is half the fun. The shoestring road, with 617 switchback bends and 56 one-way bridges, bumples through a jungle of bamboo, fern, maune loa vines, breadfruit...