2006 VISITOR PLANT INVENTORY

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					   2006 VISITOR PLANT
       INVENTORY




Research and Economic Analysis Division
   2006 VISITOR PLANT
       INVENTORY




                May 2007



Research and Economic Analysis Division
This report has been catalogued as follows:

Hawai‘i. Dept. of Business, Economic Development and Tourism. Research and Economic Analysis Division.
  Visitor plant inventory. Honolulu: 1999

   Annual.
   Continues report published by the Hawai‘i Visitors and Convention Bureau

  1. Hotels-Hawai‘i. 2. Resorts-Hawai‘i.
TX911.2.H29.2006
                                                                TABLE OF CONTENTS

PREFACE ......................................................................................................................................................1
OVERVIEW....................................................................................................................................................2
METHODS AND PROCEDURES .................................................................................................................5
VISITOR PLANT INVENTORY AVAILABLE UNITS – 1965 TO 2006 ...........................................................8
SUMMARY BY ISLAND AND TYPE ............................................................................................................10
CLASS OF UNITS........................................................................................................................................21
2006 VISITOR PLANT INVENTORY – LIST OF PROPERTIES .................................................................27
TIMESHARE PROPERTIES BY ISLAND AND AREA ................................................................................53
LIST OF NON-RESPONDENTS .................................................................................................................56
PLANNED ADDITIONS AND NEW DEVELOPMENTS ...............................................................................65




                                                                  LIST OF TABLES


Table 1:          Available Units by County, 1965 To 2006...................................................................................9
Table 2:          Existing Inventory by Island and Type ......................................................................................11
Table 3:          Summary by Area and Type ....................................................................................................16
Table 4:          Class of Units by Island ...........................................................................................................24
Table 5:          Class of Units by Type .............................................................................................................26
Table 6:          Timeshare Properties by Island and Area ................................................................................54
Table 7:          Planned Additions to and Subtractions from O‘ahu Supply .....................................................66
Table 8:          Planned Additions to and Subtractions from Hawai‘i Supply ....................................................67
Table 9:          Planned Additions to and Subtractions from Maui Supply ........................................................68
Table 10:         Planned Additions to and Subtractions from Kaua‘i Supply ......................................................70
Table 11:         Hotel and Condo/Hotel Conversions to Condominium in 2006.................................................72




                                                                                     i
                                                             LIST OF FIGURES


Figure 1:       Existing Inventory by Island ......................................................................................................12
Figure 2:       Summary by Type - State.........................................................................................................12
Figure 3:       Summary by Type – O‘ahu .......................................................................................................13
Figure 4:       Summary by Type – Hawai‘i ....................................................................................................13
Figure 5:       Summary by Type – Kaua‘i.......................................................................................................14
Figure 6:       Summary by Type – Maui ........................................................................................................14
Figure 7:       Summary by Type – Moloka‘i ...................................................................................................15
Figure 8:       Summary by Type – Lāna‘i .......................................................................................................15
Figure 9:       Class of Units by Island ...........................................................................................................23
Figure 10: Class of Units by Type .............................................................................................................25




                                                                               ii
                                                  PREFACE


This report was produced by the staff of the Research and Economic Analysis Division of the Hawai‘i State
Department of Business, Economic Development & Tourism, Tourism Research Branch (DBEDT). The
department is headed by Mr. Theodore E. Liu. This report was prepared by Mr. Daniel Nahoopii and Ms. Minh-
Chau T. Chun, under the direction of the Division Administrator, Dr. Pearl Imada Iboshi, and with assistance
from OmniTrak Group Inc.

Ms. Marsha Wienert, State Tourism Liaison, reviewed this report and provided valuable comments.

Hawai‘i Visitors and Convention Bureau (HVCB) first published the Visitor Plant Inventory in 1964 and every
year thereafter, except 1995 and 1998. HVCB did not conduct a survey in 1995 and did not publish hard copies
of the report in 1998.

Act 156, Session Laws of Hawai‘i 1998, transferred the tourism research program from HVCB to DBEDT.
DBEDT has been responsible for collecting and disseminating data on Hawai‘i’s visitor industry since July 1,
1998.

As part of the tourism research program, in 2006, DBEDT conducted its eighth survey on statewide visitor units.
This report provides the results of the visitor accommodation survey. Specifically, data on the number of visitor
units, island distribution, type of property and class of rooms are presented. For the purpose of consistency,
this report continues to use HVCB’s definitions and format of reporting.

As in previous reports, island and district names were written in proper Hawaiian language orthography.
However, individual property names were not written in the same manner unless the words were easily
identifiable (i.e., island names).

This report is also posted on the DBEDT website: http://www.hawaii.gov/dbedt/info/visitor-stats/visitor-plant/

For further information about the available data and sources, users should call the DBEDT Library at (808) 586-
2424, or email: library@dbedt.hawaii.gov




                                                          1
OVERVIEW




    2
                                                 OVERVIEW



Total statewide visitor plant inventory in 2006 decreased slightly by 0.8 percent from the previous year to
72,516 visitor units (Table 1). Kaua‘i county reported a decrease of 2.7 percent and O‘ahu county reported a
slight decline of 1.0 percent. Maui and Hawai‘i counties both reported minor decreases of 0.2 percent.

Just under half (46.9%) of the statewide visitor units in 2006 were located on O‘ahu. Maui county continued to
have the second largest share of visitor units, followed by Hawai‘i and Kaua‘i counties. Hotels continued to
comprise the majority (60.2%) of visitor units statewide. Condominimium/hotel properties accounted for the
second largest share of visitor units at 23.8 percent. Timeshare units accounted for 10.0 percent of the total
visitor units followed by individual vacation unit properties (2.8%). Bed & Breakfasts and hostels each
comprised less than 1.0 percent of the total visitor units (Table 2, Figure 2).

The inventory of hotel rooms, statewide, decreased 5.3 percent from the previous year while the number of
visitor units in condo/hotel properties increased by 13.0 percent. Moreover, timeshare units increased by 5.0
percent. Bed & breakfasts units (-4.3%), apartment/hotel (-3.9%) and other (-4.3%) all decreased less than 5.0
percent. The number of visitor units at hostels decreased only slightly (-1.4%) while the number of individual
vacation units statewide decreased by 17.4 percent.

The decrease in hotel rooms was felt most significantly on Kaua‘i (-20.1%), O‘ahu (-5.2%) and Maui (-4.8%),
but was countered by the increase in condo/hotel units on Kaua‘i (+25.1%), O‘ahu (+25%), Maui (+4.3%) and
the island of Hawai‘i (+10.9%). The quantity of timeshare units rose on O‘ahu (+15.8%), Maui (+5.8%) and
Kaua‘i (+.5%).

Statewide, there were a total of 7,271 registered timeshare units as of May 2006. This represented an increase
of 5.0 percent from the previous year. All counties with the exception of Hawai‘i county, reported an increase in
the number of registered timeshare units. Just over 29.2 percent or 2,126 timeshare units in 2006 were
registered on Kaua‘i, 1,959 units were on Maui, 1,516 were on Hawai‘i, 1,655 were on O‘ahu and 15 units were
on Moloka‘i. The majority of registered timeshare units (62.6%) were listed under the timeshare category.
However, 21.3 percent or 1,550 units were classified in the condominium hotel category, 12.2 percent (887
units) in the hotel category, and 3.9 percent (284 units) in the “Other” category (Table 6).

Of the 1,216 properties that responded to the survey in 2006, none reported any existing visitor unit inventory
converted to timeshare between May 2005 and April 2006. However, three properties reported conversion of
hotel type units to condominium type units before May 2006. The number of hotel units converted to
condo/hotel type among these hotel properties amounted to 1,896 units (Table 11).

Visitor units categorized as “Standard” ($101 to $250 per night rack rate), comprised the largest percentage of
the total units statewide in 2006. The second largest group of units were those classified as “Deluxe” ($251 to
$500 per night), followed by those in the “Budget” ($100 or less per night) and “Luxury” (over $500 per night)
categories (Table 4 and Figure 9).




                                                         3
Of the 1,216 properties in the current 2006 inventory, 1,187 properties reported their units by class (Figure 10
and Table 5). Over half of the condo/hotel properties (61%) categorized their units as “Standard.” Among
hotels, 44.7 percent of the units were classified as “Deluxe” and 31.1 percent were “Standard” units. Hotels
had the largest percentage share of “Luxury” units (15.8%) compared to other types of visitor accommodations.

By island, 82.9 percent of O‘ahu visitor units were classified as “Standard” or “Deluxe”. Similarly, the majority of
the visitor units on Kaua‘i, Hawai‘i and Maui were also in the “Standard” or “Deluxe” price range. In contrast,
most of the visitor units on Lāna‘i (95.6%) were in the higher-priced “Deluxe” and “Luxury” classes.




                                                           4
METHODS AND PROCEDURES




           5
                                    METHODS AND PROCEDURES



The 2006 Visitor Plant Inventory presents the results of DBEDT’s enumeration of visitor accommodations in
Hawai‘i. Existing visitor accommodations as of May 1, 2006 as well as planned developments and additions to
existing developments are catalogued.


Visitor Plant Inventory Survey: Information about transient accommodations was gathered mainly from a
survey of existing visitor accommodation properties and management companies. Survey forms were sent to
general managers, property managers and other individuals who could provide information about the property.
The survey provided information about available units, planned additions and other information presented in
this report. If no response was received, a follow-up telephone call was made to the property to remind them to
complete and return the form. Subsequently, if still no response was received after the follow-up telephone call,
an Internet search was conducted. If no response was received or no data was found on the Internet, but
information was available from prior years (2003, 2004 and 2005), that information was included and so noted.
If no survey form was returned and no information was available from previous years or other sources, the
property was listed as a non-respondent.

An additional 111 properties identified as part of a detailed web search of “Vacation Units In Hawai‘i” and
“Hawai‘i B&B” were also included in the mail-out and telephone follow-up methodology.


Association Survey: Continued in 2006, this survey’s purpose was to gather contact information of associations
whose members were transient visitor accommodations in the State of Hawai‘i. Letters were sent to these
associations to request member accommodation contact information, from which the mailing list was updated
and new accommodations were contacted via mailing as described above.


Timeshare Properties: Information on timeshare properties were gathered through the survey questionnaire,
which asked for information on the number of units registered as timeshare and units operated as timeshare.
The number of units registered included those that were available for sale as well as those currently in use by
visitors. The number of units operated represented the units that have been sold and were in use. The
available timeshare units listed in Tables 2 and 3 and their related charts were the total number of registered
units. The number of timeshare properties listed in Tables 2 and 3 were the properties solely classified as
timeshare. However, the number of available units listed with the timeshare category included those units that
were cross-listed under the other property types. For Tables 2 and 3, the timeshare units were not included in
the count of available units for any property type other than timeshare type properties. On the 2006 Current
Visitor Plant Inventory (pp. 30 – 52), the count of available units included the timeshare units associated with
each property. To identify the exact number of registered and operating units for each specific property and
property type, please see Table 6.


Property Changes: A section requesting information on property changes between April 2005 and May 2006
was included on the Visitor Plant Survey form in 2006. This section provided detail on increases or decreases
in inventory by the specific property and detail on property inventory that was converted to timeshare or condo
units.

                                                         6
Cross-Validation: A cross-validation process was conducted with an Internet search of key properties, and with
room inventory lists provided by key county visitor industry executives and the Honolulu and Maui County Real
Property Tax Divisions. Differences between information gathered and the 2005 Visitor Plant Inventory Survey
were validated by telephone with the properties in question or with the property’s website, if available. Through
this cross-validation process, properties previously not part of the Visitor Plant Inventory, were added to the
inventory upon confirmation of property information. Changes to inventory of properties currently in the Visitor
Plant Inventory were also noted and the database revised accordingly.


Planned New Developments: Information about planned new developments was gathered with assistance from
the four county Planning Offices. The information is reprinted here and includes projects and developments
that have achieved some level of jurisdictional approval. That is to say, these developments are a step beyond
the preliminary stages of development and have some “official” standing as planned developments.


Revisions to 2005 Data: In researching the 2006 report, additional information was discovered that warranted
changes to the 2005 visitor accommodations inventory database.
1. Subtracted the 76-unit Royal Sea Cliff condo/hotel, Kona, Hawai‘i, which was already listed as Outrigger
   Royal Sea Cliff Resort, timeshare, Kona, Hawai‘i.
2. Added the 173-unit Mākaha Resort Golf Club, hotel, Leeward/Mākaha Side, O‘ahu, which was left out
3. Added 140 units managed by Castle Resort to the Kiahuna Plantation, condo/hotel, Po‘ipū/Kukui‘ula,
   Kaua‘i.




                                                         7
  VISITOR PLANT INVENTORY

AVAILABLE UNITS (1965 TO 2006)




               8
                         TABLE 1: AVAILABLE UNITS BY COUNTY, 1965 TO 2006
           STATE        %           O‘AHU         %           HAWAI‘I     %        KAUA‘I      %        MAUI        %
 YEAR
           TOTAL      CHANGE       COUNTY       CHANGE        COUNTY    CHANGE    COUNTY     CHANGE    COUNTY     CHANGE
1965        12,903                   10,031                       865                  776                1,231
1966        14,827       14.9%       11,083         10.5%       1,387     60.3%        860     10.8%      1,497     21.6%
1967        17,217       16.1%       12,598         13.7%       1,790     29.1%      1,115     29.7%      1,714     14.5%
1968        18,657        8.4%       13,166          4.5%       2,188     22.2%      1,260     13.0%      2,043     19.2%
1969        22,801       22.2%       15,992         21.5%       2,480     13.3%      1,914     51.9%      2,415     18.2%
1970        26,923       18.1%       18,449         15.4%       3,166     27.7%      2,565     34.0%      2,743     13.6%
1971        32,289       19.9%       22,531         22.1%       3,435      8.5%      2,628      2.5%      3,695     34.7%
1972        35,797       10.9%       24,742          9.8%       4,241     23.5%      2,719      3.5%      4,095     10.8%
1973        36,608        2.3%       25,108          1.5%       4,796     13.1%      2,629     -3.3%      4,075     -0.5%
1974        38,675        5.6%       25,365          1.0%       5,234      9.1%      2,868      9.1%      5,208     27.8%
1975        39,632        2.5%       25,352         -0.1%       5,348      2.2%      3,102      8.2%      5,830     11.9%
1976        42,648        7.6%       25,851          2.0%       6,045     13.0%      3,520     13.5%      7,232     24.0%
1977        44,986        5.5%       27,363          5.8%       5,929     -1.9%      3,657      3.9%      8,037     11.1%
1978        47,070        4.6%       28,546          4.3%       6,002      1.2%      3,786      3.5%      8,736      8.7%
1979        49,832        5.9%       30,065          5.3%       6,093      1.5%      4,202     11.0%      9,472      8.4%
1980        54,246        8.9%       34,334         14.2%       5,889     -3.3%      4,322      2.9%      9,701      2.4%
1981        56,769        4.7%       33,967         -1.1%       6,705     13.9%      4,738      9.6%     11,359     17.1%
1982        57,968        2.1%       33,492         -1.4%       7,167      6.9%      5,147      8.6%     12,162      7.1%
1983        58,765        1.4%       34,354          2.6%       7,469      4.2%      4,193    -18.5%     12,749      4.8%
1984        62,448        6.3%       36,848          7.3%       7,149     -4.3%      5,313     26.7%     13,138      3.1%
1985        65,919        5.6%       38,600          4.8%       7,511      5.1%      5,656      6.5%     14,152      7.7%
1986        66,308        0.6%       39,010          1.1%       7,280     -3.1%      5,922      4.7%     14,096     -0.4%
1987        65,318       -1.5%       38,185         -2.1%       7,328      0.7%      5,956      0.6%     13,849     -1.8%
1988        69,012        5.7%       37,841         -0.9%       8,823     20.4%      7,180     20.6%     15,168      9.5%
1989        67,734       -1.9%       36,467         -3.6%       8,161     -7.5%      7,398      3.0%     15,708      3.6%
1990        71,266        5.2%       36,899          1.2%       8,952      9.7%      7,546      2.0%     17,869     13.8%
1991        72,275        1.4%       36,623         -0.7%       9,383      4.8%      7,567      0.3%     18,702      4.7%
1992        73,089        1.1%       36,851          0.6%       9,170     -2.3%      7,778      2.8%     19,290      3.1%
1993        69,502       -4.9%       36,604         -0.7%       9,140     -0.3%      4,631    -40.5%     19,127     -0.8%
1994        70,463        1.4%       36,194         -1.1%       9,595      5.0%      5,870     26.8%     18,804     -1.7%
1995 *
1996        70,288        -0.2%       36,146        -0.1%       9,558     -0.4%      6,760     15.2%     17,824     -5.2%
1997        71,025         1.0%       35,971        -0.5%       9,913      3.7%      6,589     -2.5%     18,552      4.1%
1998        71,480         0.6%       36,206         0.7%       9,655     -2.6%      6,969      5.8%     18,650      0.5%
1999        71,157        -0.5%       35,861        -1.0%       9,815      1.7%      6,872     -1.4%     18,609     -0.2%
2000        71,506         0.5%       36,303         1.2%       9,774     -0.4%      7,159      4.2%     18,270     -1.8%
2001        72,204         1.0%       36,824         1.4%       9,944      1.7%      7,202      0.6%     18,234     -0.2%
2002        70,783        -2.0%       36,457        -1.0%       9,297     -6.5%      7,037     -2.3%     17,992     -1.3%
2003        70,742        -0.1%       35,664        -2.2%       9,478      1.9%      7,257      3.1%     18,343      2.0%
2004        72,614         2.6%       35,987         0.9%      10,037      5.9%      8,105     11.7%     18,485      0.8%
2005**      73,126         0.8%       34,340        -4.6%      11,275     12.3%      8,221      1.4%     19,290      4.4%
2006        72,516        -0.8%       34,008        -1.0%      11,247     -0.2%      8,002     -2.7%     19,259     -0.2%
* HVCB did not conduct an update survey in 1995.
** 2005 data were revised. See page 7, for further details.




                                                                    9
SUMMARY BY ISLAND AND TYPE




             10
                           TABLE 2: EXISTING INVENTORY BY ISLAND AND TYPE
                                                                            AVAILABLE     UNIT CHANGE   % CHANGE
 ISLAND          TYPE                         PROPERTIES                      UNITS        FROM 2005    FROM 2005
O‘AHU            APT/HOTEL                           11                             300          -6       -2.0%
                 B&B                                 25                              50          -3       -5.7%
                 CONDO/HOTEL                         32                           4,728         946       25.0%
                 HOSTELS                              7                             244          -5       -2.0%
                 HOTEL                               67                          26,261      -1,454       -5.2%
                 IVU                                 56                             308          -8       -2.5%
                 TIMESHARE                            6                           1,655         226       15.8%
                 OTHER                                9                             462         -28       -5.7%
                 TOTAL                              213                          34,008        -332       -1.0%

HAWAI‘I          APT/HOTEL                            1                               1          0          0.0%
                 B&B                                 87                             327        -26         -7.4%
                 CONDO/HOTEL                         27                           1,621        159         10.9%
                 HOSTELS                              2                              21          0          0.0%
                 HOTEL                               27                           6,967        -10         -0.1%
                 IVU                                 92                             585       -171        -22.6%
                 TIMESHARE                           12                           1,516          0          0.0%
                 OTHER                               13                             209         20         10.6%
                 TOTAL                              261                          11,247        -28         -0.2%

KAUA‘I           APT/HOTEL                            3                               8          0          0.0%
                 B&B                                 34                              93         -4         -4.1%
                 CONDO/HOTEL                         53                           2,797        562         25.1%
                 HOSTELS                              1                              40          0          0.0%
                 HOTEL                               14                           2,311       -581        -20.1%
                 IVU                                289                             596       -167        -21.9%
                 TIMESHARE                           11                           2,126         11          0.5%
                 OTHER                               16                              31        -40        -56.3%
                 TOTAL                              421                           8,002       -219         -2.7%

MAUI             APT/HOTEL                            5                              37         -8        -17.8%
                 B&B                                 30                             122          6          5.2%
                 CONDO/HOTEL                        114                           7,830        321          4.3%
                 HOSTELS                              3                              37          0          0.0%
                 HOTEL                               27                           7,595       -379         -4.8%
                 IVU                                 71                             495        -75        -13.2%
                 TIMESHARE                           16                           1,959        107          5.8%
                 OTHER                               15                             366          0          0.0%
                 TOTAL                              281                          18,441        -28         -0.2%

MOLOKA‘I         B&B                                  2                              3            0         0.0%
                 CONDO/HOTEL                          6                            259            0         0.0%
                 HOTEL                                3                            141            0         0.0%
                 IVU                                 22                             29           -1        -3.3%
                 TIMESHARE                            0                             15            0         0.0%
                 OTHER                                1                              4            0         0.0%
                 TOTAL                               34                            451           -1        -0.2%

LĀNA‘I           APT/HOTEL                            1                              1            0         0.0%
                 B&B                                  1                              3            0         0.0%
                 HOTEL                                3                            362            0         0.0%
                 IVU                                  1                              1           -2       -66.7%
                 TOTAL                                6                            367           -2        -0.5%

STATEWIDE        APT/HOTEL                           21                             347         -14        -3.9%
                 B&B                                179                             598         -27        -4.3%
                 CONDO/HOTEL                        232                          17,235       1,988        13.0%
                 HOSTELS                             13                             342          -5        -1.4%
                 HOTEL                              141                          43,637      -2,424        -5.3%
                 IVU                                531                           2,014        -424       -17.4%
                 TIMESHARE                           45                           7,271         344         5.0%
                 OTHER                               54                           1,072         -48        -4.3%
                STATE TOTAL                       1,216                          72,516        -610        -0.8%
See page 6 for definition and description of methodology regarding timeshares.


                                                                            11
                                  FIGURE 1: EXISTING INVENTORY BY ISLAND


                         1,216 Properties                                                          72,516 Units
                                                                                                 Moloka'i        Lana'i
                 Moloka'i        Lana'i
                                                                                                  0.6%           0.5%
                  2.8%           0.5%
                                             O'ahu                              Maui
       Maui                                  17.5%                             25.4%
      23.1%                                                                                                                           O'ahu
                                                                                                                                      46.9%


                                                        Hawai'i
                                                                           Kaua'i
                                                        21.5%
                                                                           11.0%
                Kaua'i                                                                        Hawai'i
                34.6%                                                                         15.5%




Statewide, there were 1,216 properties with 72,516 units for visitor use. O‘ahu’s 213 properties comprised only
17.5 percent of the State’s total properties but nearly half (46.9%) of the State’s total visitor units. The island of
Maui with 281 properties accounted for 18,441 units or 25.4 percent of the State’s total visitor units. The island
of Hawai‘i had 261 properties yielding 15.5 percent of the State’s total or 11,247 units. On Kaua‘i there were
8,002 available visitor units among 421 properties. Moloka‘i had 34 properties which yielded 451 units. Lāna‘i
had 6 properties with 367 units.


                                         FIGURE 2: SUMMARY BY TYPE - STATE


                         1,216 Properties                                                          72,516 Units
                                                                                         Other      Apt/Hotel
               Other         Apt/Hotel
                                                                          Timeshare      1.5%        0.5%                 Condo/
                              1.7%                                                                              B&B
               4.4%                                                         10.0%
                                            B&B                                                                 0.8%       Hotel
   Timeshare                                14.7%                   IVU                                                   23.8%
     3.7%                                                          2.8%

                                                     Condo /                                                                       Hostel
                                                      Hotel                                                                        0.5%
                                                     19.1%
    IVU
   43.7%                                             Hostel
                                                     1.1%                             Hotel
                                          Hotel
                                                                                      60.2%
                                          11.6%




Hotels comprised only 11.6 percent of the State’s properties, but accounted for the majority (43,637 units) of
the State’s total visitor units. Condominium hotels represented the second largest percentage both in terms of
total properties (19.1%) and number of units (23.8% or 17,235 units). Timeshare units followed with 10.0
percent (7,271) of the State’s total visitor units. Individual vacation units made up the largest share (43.7%) of
the State’s total properties but only 2.8 percent of its total units (2,014). Bed & Breakfasts comprised 14.7
percent of the State’s total properties but only 0.8 percent (598) of its total units.




                                                                  12
                                         FIGURE 3: SUMMARY BY TYPE – O‘AHU


                        213 Properties                                                                 34,008 Units
                                       Apt/Hotel                                              Other   Apt/Hotel    B&B
                      Other             5.2%                                Timeshare                  0.9%        0.1%   Condo/
        Timeshare                                                                             1.4%
                      4.2%                          B&B                       4.9%                                         Hotel
          2.8%
                                                    11.7%                                                                 13.9%
                                                            Condo /
 IVU                                                                        IVU
                                                             Hotel
26.3%                                                                      0.9%                                                Hostel
                                                            15.0%
                                                                                                                               0.7%




                                                            Hostel
                         Hotel                              3.3%
                                                                                              Hotel
                         31.5%
                                                                                              77.2%


O‘ahu’s 67 hotels accounted for the largest number of properties and the majority (26,261) of the island’s total
visitor units. The island’s 32 condominium hotels yielded 4,728 units. Individual vacation units, 56 properties in
all, accounted for only 0.9 percent (308) of the total inventory. Timeshare units represent 4.9 percent (1,655) of
the island’s total visitor unit inventory. Hostels represented the smallest group of properties (7), but contained
more units (244) than Bed & Breakfasts properties with 50 units.




                                        FIGURE 4: SUMMARY BY TYPE – HAWAI‘I


                        261 Properties                                                                 11,247 Units
          Timeshare    Other     Apt/Hotel                                                             Apt/Hotel   B&B
                                                                                              Other                       Condo/
            4.6%       5.0%       0.4%                                                                  0.0%       2.9%
                                                                                              1.9%                         Hotel
                                                                                  Timeshare
                                                       B&B                          13.5%                                 14.4%
                                                       33.3%                IVU                                             Hostel
                                                                           5.2%                                             0.2%



 IVU
35.2%
                                                        Condo/
                                           Hostel        Hotel
                               Hotel                                                                      Hotel
                                           0.8%         10.3%
                               10.3%                                                                      61.9%



Hotels comprised only 10.3 percent or 27 properties on Hawai‘i but accounted for the majority (6,967) of the
island’s visitor unit inventory. Timeshare units represent 13.5 percent (1,516) of the island’s total visitor unit
inventory. A total of 27 condominium hotels on Hawai‘i yielded 1,621 units. The island’s 92 individual vacation
units represented 35.2 percent of the total properties, and ranked fourth in terms of units (585). There are 87
Bed & Breakfasts with 327 units. The second smallest category was hostels with two properties and 21 units.




                                                                      13
                                        FIGURE 5: SUMMARY BY TYPE – KAUA‘I


                         421 Properties                                                       8,002 Units
                 Other      Apt/Hotel          Condo/                                     Apt/Hotel
                             0.7%       B&B     Hotel                             Other                   B&B          Condo/
                 3.8%                                                                      0.1%                         Hotel
                                        8.1%   12.6% Hostel        Timeshare      0.4%                    1.2%
   Timeshare                                                         26.6%                                             35.0%
                                                      0.2%
     2.6%


                                                          Hotel
                                                          3.3%



          IVU                                                           IVU
         68.6%                                                         7.4%               Hotel                          Hostel
                                                                                          28.9%                          0.5%


Individual vacation units with 289 properties accounted for the largest share of Kaua‘i’s total number of
properties and ranked fourth in terms of inventory (596). Hotels with 14 properties comprised 2,311 units.
Timeshare units represent 26.6 percent (2,126) of the island’s total visitor unit inventory. Condominium hotels
with 53 properties comprised the largest share of visitor units on Kaua‘i with 35 percent (2,797) of the island’s
inventory. There were 34 bed and breakfast properties with 93 units.




                                          FIGURE 6: SUMMARY BY TYPE – MAUI


                         281 Properties                                                       18,441 Units
                                  Apt/Hotel                                                       Apt/Hotel
                                   1.8%                                       Timeshare   Other    0.2%
    Timeshare      Other                                                                                       B&B
                                                B&B                             10.6%     2.0%                 0.7%       Condo/
      5.7%         5.3%                         10.7%
                                                                        IVU                                                Hotel
                                                                       2.7%                                               42.5%
  IVU
 25.3%




                                                        Condo/           Hotel
           Hotel
                                                         Hotel           41.2%
           9.6%                                                                                               Hostel
                         Hostel                         40.6%
                         1.1%                                                                                 0.2%


Condominium hotels (114 properties) comprised the largest number of properties on Maui and the largest in
terms of units (7,830). Timeshare units represent 10.6 percent (1,959) of the island’s total visitor unit inventory.
The island’s 27 hotels yielded the second most number of units at 7,595 or 41.2 percent of the total. Maui’s 71
individual vacation unit properties contained 495 units or 2.7 percent of the island’s total units. There were 30
bed and breakfast properties which made up less than 1.0 percent of the total units (122).



                                                                  14
                                FIGURE 7: SUMMARY BY TYPE – MOLOKA‘I


                       34 Properties                                                           451 Units
                                                                                    Other   Timeshare
                        Timeshare                                                                          B&B
               Other              B&B         Condo/                                0.9%      3.3%
                          0.0%                                                IVU                          0.7%
               2.9%               5.9%         Hotel
                                                                             6.4%
                                              17.6%




                                                       Hotel
                                                       8.8%          Hotel
     IVU                                                             31.3%                                        Condo/
    64.7%                                                                                                          Hotel
                                                                                                                  57.4%




Moloka‘i’s six condominium hotels accounted for the majority (57.4% or 259 units) of the island’s total units.
Hotels accounted for the island’s second largest number of units (141) or 31.3 percent. There were 22
individual vacation units but these smaller properties contributed only 29 units to the island’s inventory.
Timeshare units represented 3.3 percent (15) of the islands total visitor unit inventory.




                                   FIGURE 8: SUMMARY BY TYPE – LĀNA‘I


                       6 Properties                                                            367 Units
                                                                                                    Apt/Hotel
                                  Apt/Hotel                                                  IVU     0.3%
                                                                                                                B&B
             IVU                   16.7%                                                    0.3%
                                                                                                                0.8%
            16.7%




                                                        B&B
                                                        16.7%


            Hotel
                                                                                                   Hotel
            50.0%
                                                                                                   98.6%




Three out of the six properties on Lāna‘i were hotels which comprised nearly all (362) of the total units on the
island. There were one individual vacation unit property and one bed & breakfast property, totalling four units in
all or 1.1 percent of the island’s total units. Lāna‘i is the only island where no operating timeshare units were
reported.



                                                                15
                          TABLE 3: SUMMARY BY AREA AND TYPE
                                                                                        UNIT
                                                                         AVAILABLE    CHANGE
ISLAND   AREA                    TYPE                       PROPERTIES     UNITS     FROM 2005
O‘AHU
         AIRPORT AREA            BED & BREAKFAST                   0          0           -2
                                 HOSTEL                            1         20            0
                                 HOTEL                             3        702            1
                                 TOTAL                             4        722           -1
         ALA MOANA AREA          CONDOMINIUM HOTEL                 1       1,154       1,154
                                 HOTEL                             2         474      -1,142
                                 OTHER                             1          19           0
                                 TOTAL                             4       1,647          12
         LEEWARD/MĀKAHA SIDE     APARTMENT/ HOTEL                  1          30        -15
                                 BED & BREAKFAST                   1           1          0
                                 CONDOMINIUM HOTEL                 3          81        -31
                                 HOTEL                             2         560          0
                                 INDIVIDUAL VACATION UNIT          4          10          0
                                 TIMESHARE                         1         332        190
                                 OTHER                             1         348          0
                                 TOTAL                            13       1,362        144
         NORTH SHORE             APARTMENT/ HOTEL                  1         57           7
                                 HOTEL                             3        701          17
                                 INDIVIDUAL VACATION UNIT         17         34          -2
                                 OTHER                             3         17           0
                                 TOTAL                            24        809          22
         OTHER HONOLULU          APARTMENT/HOTEL                   2         78          78
                                 BED & BREAKFAST                   1          7           0
                                 CONDOMINIUM HOTEL                 1        122          27
                                 HOSTEL                            1         40           0
                                 HOTEL                             2        366         -24
                                 INDIVIDUAL VACATION UNIT          3          3          -1
                                 TOTAL                            10        616          80
         WAIKĪKĪ/HONOLULU        APARTMENT/ HOTEL                   7        135        -76
                                 CONDOMINIUM HOTEL                 27      3,371       -204
                                 HOSTEL                             5        184         -5
                                 HOTEL                             55     23,458       -306
                                 INDIVIDUAL VACATION UNIT           5        181         -5
                                 TIMESHARE                          5      1,323         36
                                 OTHER                              3         48         -7
                                 TOTAL                            107     28,700       -567
         WINDWARD SIDE           BED & BREAKFAST                  23         42          -1
                                 INDIVIDUAL VACATION UNIT         27         80           0
                                 OTHER                             1         30         -21
                                 TOTAL                            51        152         -22

         O‘AHU TOTAL                                              213     34,008       -332



                                                16
                          TABLE 3: SUMMARY BY AREA AND TYPE (continued)
                                                                                          UNIT
                                                                           AVAILABLE    CHANGE
ISLAND    AREA                     TYPE                       PROPERTIES     UNITS     FROM 2005
HAWAI‘I
          HILO/HONOKA‘A            BED & BREAKFAST                  30         124        -12
                                   CONDOMINIUM HOTEL                 2          72          0
                                   HOSTEL                            1          17          0
                                   HOTEL                             7         994          0
                                   INDIVIDUAL VACATION UNIT         22          32         -3
                                   OTHER                             2          58          0
                                   TOTAL                            64       1,297        -15
          KOHALA/WAIMEA/KAWAIHAE   APARTMENT/ HOTEL                  1           1          0
                                   BED & BREAKFAST                   9          28         -1
                                   CONDOMINIUM HOTEL                 7         579        167
                                   HOTEL                             9       3,391          9
                                   INDIVIDUAL VACATION UNIT         18         185       -164
                                   TIMESHARE                         3         509          0
                                   OTHER                             1           1          0
                                   TOTAL                            48       4,694         11
          KONA                     BED & BREAKFAST                   28        100         -2
                                   CONDOMINIUM HOTEL                 17        949         68
                                   HOTEL                             10      2,540          1
                                   INDIVIDUAL VACATION UNIT          38        329          1
                                   TIMESHARE                          9        979        -76
                                   OTHER                              3         71          0
                                   TOTAL                            105      4,968         -9
          NĀ‘ĀLEHU/KA‘Ū            BED & BREAKFAST                   4         13           0
                                   CONDOMINIUM HOTEL                 1         21           0
                                   INDIVIDUAL VACATION UNIT          1          1           0
                                   TIMESHARE                         0         28           0
                                   OTHER                             2         13           0
                                   TOTAL                             8         76           0
          VOLCANO AREA             BED & BREAKFAST                  16         62         -11
                                   HOSTEL                            1          4           0
                                   HOTEL                             1         42         -20
                                   INDIVIDUAL VACATION UNIT         13         38          -5
                                   OTHER                             5         66          20
                                   TOTAL                            36        212         -16

          HAWAI‘I TOTAL                                             261     11,247        -28




                                                  17
                         TABLE 3: SUMMARY BY AREA AND TYPE (continued)
                                                                                         UNIT
                                                                          AVAILABLE    CHANGE
ISLAND   AREA                     TYPE                       PROPERTIES     UNITS     FROM 2005
KAUA‘I
         KALĀHEO/WAIMEA           BED & BREAKFAST                    4        10           5
                                  HOTEL                              1        58           0
                                  INDIVIDUAL VACATION UNIT          17        57           1
                                  OTHER                              1         1          -1
                                  TOTAL                             23       126           5
         LĪHU‘E                   CONDOMINIUM HOTEL                  5        447        345
                                  HOTEL                              5        245       -339
                                  INDIVIDUAL VACATION UNIT           6         38         -2
                                  TIMESHARE                          0        366          0
                                  OTHER                              1          8          0
                                  TOTAL                             17      1,104          4
         PO‘IPŪ/KUKUI‘ULA         APARTMENT/ HOTEL                   1          3          0
                                  BED & BREAKFAST                    7         26         -1
                                  CONDOMINIUM HOTEL                 20      1,199         -3
                                  HOTEL                              3      1,008        -19
                                  INDIVIDUAL VACATION UNIT          78        140         12
                                  TIMESHARE                          3        620         11
                                  OTHER                              3          6        -38
                                  TOTAL                            115      3,002        -38
         PRINCEVILLE/HANALEI      APARTMENT/ HOTEL                   1          4          0
                                  BED & BREAKFAST                   11         26         -4
                                  CONDOMINIUM HOTEL                 19        609         -1
                                  HOTEL                              1        252          0
                                  INDIVIDUAL VACATION UNIT         153        323       -172
                                  TIMESHARE                          5        651          0
                                  OTHER                              8          9         -1
                                  TOTAL                            198      1,874       -178
         WAILUA/KAPA‘A            APARTMENT/ HOTEL                   1          1          0
                                  BED & BREAKFAST                   11         30         -4
                                  CONDOMINIUM HOTEL                  9        542        221
                                  HOSTEL                             1         40          0
                                  HOTEL                              4        748       -223
                                  INDIVIDUAL VACATION UNIT          35         38         -6
                                  TIMESHARE                          3        489          0
                                  OTHER                              3          7          0
                                  TOTAL                             67      1,895        -12
         KAUA‘I OTHER             BED & BREAKFAST                   1          1           0
                                  TOTAL                             1          1           0

         KAUA‘I TOTAL                                              421      8,002       -219




                                                 18
                       TABLE 3: SUMMARY BY AREA AND TYPE (continued)
                                                                                       UNIT
                                                                        AVAILABLE    CHANGE
ISLAND   AREA                   TYPE                       PROPERTIES     UNITS     FROM 2005
MAUI
         HĀNA AREA              BED & BREAKFAST                   3          3           0
                                HOTEL                             2         95          22
                                INDIVIDUAL VACATION UNIT         22         66           2
                                TIMESHARE                         1         17           0
                                OTHER                             4         17           0
                                TOTAL                            32        198          24
         KAHULUI/WAILUKU        APARTMENT/ HOTEL                  1          2           0
                                BED & BREAKFAST                   1         10           0
                                HOSTEL                            3         37           0
                                HOTEL                             4        458          23
                                INDIVIDUAL VACATION UNIT          3          7           0
                                OTHER                             1         15           0
                                TOTAL                            13        529          23
         KULA/MAKAWAO AREA      APARTMENT/ HOTEL                  1          9           0
                                BED & BREAKFAST                   9         33           0
                                HOTEL                             1          8           0
                                INDIVIDUAL VACATION UNIT         21         46           0
                                OTHER                             2         12           0
                                TOTAL                            34        108           0
         LAHAINA/KĀ‘ANAPALI/    APARTMENT/ HOTEL                  2          21          0
         NĀPILIKAPALUA          BED & BREAKFAST                  10          53          6
                                CONDOMINIUM HOTEL                54       4,123        207
                                HOTEL                             9       3,613       -526
                                INDIVIDUAL VACATION UNIT          8          94          0
                                TIMESHARE                         9       1,423        107
                                OTHER                             3         272          0
                                TOTAL                            95       9,599       -206
         MĀ‘ALAEA               CONDOMINIUM HOTEL                 8        282         -39
                                TOTAL                             8        282         -39
         WAILEA/KĪHEI AREA      APARTMENT/ HOTEL                  1           5         -8
                                BED & BREAKFAST                   7          23          0
                                CONDOMINIUM HOTEL                52       3,425        153
                                HOTEL                            11       3,421        102
                                INDIVIDUAL VACATION UNIT         17         282        -77
                                TIMESHARE                         6         519          0
                                OTHER                             5          50          0
                                TOTAL                            99       7,725        170

         MAUI TOTAL                                              281     18,441        -28




                                               19
                             TABLE 3: SUMMARY BY AREA AND TYPE (continued)
                                                                                             UNIT
                                                                              AVAILABLE    CHANGE
ISLAND        AREA                    TYPE                       PROPERTIES     UNITS     FROM 2005

MOLOKA‘I
              MOLOKA‘I                BED & BREAKFAST                   2          3           0
                                      CONDOMINIUM HOTEL                 6        259           0
                                      HOTEL                             3        141           0
                                      INDIVIDUAL VACATION UNIT         22         29          -1
                                      TIMESHARE                         0         15           0
                                      OTHER                             1          4           0
                                      TOTAL                            34        451          -1

              MOLOKA‘I TOTAL                                           34        451          -1
LĀNA‘I
              LĀNA‘I                  APARTMENT/ HOTEL                  1          1           0
                                      BED & BREAKFAST                   1          3           0
                                      HOTEL                             3        362           0
                                      INDIVIDUAL VACATION UNIT          1          1          -2
                                      TOTAL                             6        367          -2

              LĀNA‘I TOTAL                                              6        367          -2

STATE TOTAL                                                          1,216     72,516       -610




                                                     20
CLASS OF UNITS




       21
                                             CLASS OF UNITS


The Visitor Plant Inventory survey also included questions about the class of units at each property. The
subsequent tables show the percent of each class of units available by island. Units were classified as follows:


                CLASS                                     PRICE RANGE (RACK RATE)
                Budget                                    Up to $100 per night
                Standard                                  $101 to $250 per night
                Deluxe                                    $251 to $500 per night
                Luxury                                    Over $500 per night


The charts and tables to follow were based on 1,187 properties representing 70,986 units for which information
on the class of units were reported.




                                                         22
                                     FIGURE 9: CLASS OF UNITS BY ISLAND



            State


            O'ahu


           Hawai'i


            Kaua'i


             Maui


          Moloka'i


            Lana'i

                 0%      10%       20%     30%        40%         50%        60%            70%   80%   90%   100%
                                                 Budget   Standard      Deluxe     Luxury




                        Island           Budget             Standard               Deluxe          Luxury
                        State             12.3%               39.5%                 37.1%           11.1%
                        O‘ahu             10.9%               45.0%                 37.9%            6.2%
                        Hawai‘i           17.8%               32.6%                 38.1%           11.6%
                        Kaua‘i            10.1%               46.0%                 34.2%            9.7%
                        Maui              12.0%               31.3%                 36.7%           20.0%
                        Moloka‘i          51.2%               32.4%                 16.3%            0.0%
                        Lāna‘i             0.8%                3.5%                 43.6%           52.0%


Based on 1,187 properties statewide, the largest percentage of units (39.5%) was categorized as “Standard”
($101 to $250 per night), followed by 37.1 percent “Deluxe” ($251 to $500 per night), 12.3 percent “Budget”
($100 or less per night) and 11.1 percent “Luxury” (over $500 per night).


Most of the rooms (95.6%) on Lāna‘i were in the “Deluxe” and “Luxury” classes. Just over half (56.7%) of the
units on Maui were in these upper two classes. Kaua‘i’s upper-class units accounted for 43.9 percent of all
units on the island. Hawai‘i had 49.7 percent of its rooms in the higher-priced classes. Moloka‘i had 16.3
percent of its rooms in the “Deluxe” class and none reported in the “Luxury category.” Of the units on O‘ahu,
44.1 percent were in the expensive “Deluxe” and “Luxury” classes.



                                                             23
                                          TABLE 4: CLASS OF UNITS BY ISLAND

 ISLAND               CLASS                                     PROPERTIES                                                               CHANGE
                                                                RESPONDED                  PERCENT OF TOTAL UNITS                         FROM
                                                                  IN 20061/                  20061/        20052/                          2005

 O‘AHU                BUDGET (UP TO $100)                                                    10.9%                 11.3%                     -0.4
                      STANDARD ($101 TO $250)                                                45.0%                 45.0%                      0.0
                      DELUXE ($251 TO $500)                                                  37.8%                 37.4%                      0.4
                      LUXURY (OVER $500/NIGHT)                                                6.2%                  6.3%                     -0.1
                      TOTAL                                            205                  100.0%                100.0%

 HAWAI‘I              BUDGET (UP TO $100)                                                    17.8%                 18.5%                     -0.7
                      STANDARD ($101 TO $250)                                                32.6%                 34.3%                     -1.8
                      DELUXE ($251 TO $500)                                                  38.1%                 35.3%                      2.7
                      LUXURY (OVER $500/NIGHT)                                               11.6%                 11.8%                     -0.2
                      TOTAL                                            257                  100.0%                100.0%

 KAUA‘I               BUDGET (UP TO $100)                                                    10.1%                 10.4%                     -0.3
                      STANDARD ($101 TO $250)                                                46.0%                 46.4%                     -0.3
                      DELUXE ($251 TO $500)                                                  34.2%                 33.0%                      1.2
                      LUXURY (OVER $500/NIGHT)                                                9.7%                 10.2%                     -0.5
                      TOTAL                                            416                  100.0%                100.0%

 MAUI                 BUDGET (UP TO $100)                                                    12.0%                 11.8%                      0.2
                      STANDARD ($101 TO $250)                                                31.3%                 33.1%                     -1.8
                      DELUXE ($251 TO $500)                                                  36.7%                 38.2%                     -1.5
                      LUXURY (OVER $500/NIGHT)                                               20.0%                 16.9%                      3.1
                      TOTAL                                            271                  100.0%                100.0%

 MOLOKA‘I             BUDGET (UP TO $100)                                                    51.2%                 50.0%                      1.2
                      STANDARD ($101 TO $250)                                                32.4%                 34.0%                     -1.6
                      DELUXE ($251 TO $500)                                                  16.3%                 15.8%                      0.5
                      LUXURY (OVER $500/NIGHT)                                                0.0%                  0.2%                     -0.2
                      TOTAL                                             32                  100.0%                100.0%

 LĀNA‘I               BUDGET (UP TO $100)                                                     0.8%                  1.7%                     -0.9
                      STANDARD ($101 TO $250)                                                 3.5%                  3.2%                      0.3
                      DELUXE ($251 TO $500)                                                  43.6%                 43.3%                      0.3
                      LUXURY (OVER $500/NIGHT)                                               52.0%                 51.8%                      0.3
                      TOTAL                                               6                 100.0%                100.0%
 STATE TOTAL                                                         1,187


1/ Based on 1,187 properties comprising of 70,913 units (97.8% of the total 72,516 units in 2006) for which information on the class of units was

available. Because class of units was reported in terms of percentages, sums may not total due to rounding error.
2/ Based on 1,212 properties comprising of 69,419 units (94.9% of the total 73,126 units in 2005) for which information on the class of units was

available. Because class of units was reported in terms of percentages, sums may not total due to rounding error.




                                                                              24
                                      FIGURE 10: CLASS OF UNITS BY TYPE



                All Types

                Apt/Hotel

                    B&B

             Condo/Hotel

                  Hostel

                   Hotel

                     IVU

               Timeshare

                   Other

                        0%    10%      20%      30%       40%        50%        60%        70%   80%   90%   100%

                                                 Budget   Standard     Deluxe     Luxury




                        Type                 Budget         Standard                  Deluxe       Luxury
                        All Types             12.3%           39.5%                    37.1%       11.1%
                        Apt/Hotel             69.7%           30.0%                     0.3%        0.0%
                        B&B                   46.1%           50.9%                     3.0%        0.0%
                        Condo/Hotel           15.3%           61.0%                    20.9%        2.8%
                        Hostel               100.0%            0.0%                     0.0%        0.0%
                        Hotel                  8.4%           31.1%                    44.7%       15.8%
                        IVU                   34.2%           38.4%                    19.1%        8.4%
                        Timeshare             10.8%           42.7%                    42.0%        4.4%
                        Other                 29.8%           20.0%                    49.9%        0.2%




Most of the visitor units (97.8%) were classified by the respondents. By property type, the largest percentage of
properties that reported the class of their units consisted of individual vacation units (43.8%) and condominium
hotels (19.0%). 38.4 percent of individual vacation units were listed as “Standard,” as compared to over half of
condominium hotels (61.0%) who categorized themselves in this same category. Among hotels, 31.1 percent
categorized their units as “Standard” and 44.7 percent were categorized as “Deluxe.” Among all types of
properties, hotels had the largest percentage (15.8%) of their units in the “Luxury” category.




                                                            25
                                                 TABLE 5: CLASS OF UNITS BY TYPE
                                                                 PROPERTIES                                                                           CHANGE
                                                                 RESPONDED                    PERCENT OF TOTAL UNITS                                   FROM
 TYPE                   CLASS                                      IN 20061/                    20061/        20052/                                    2005
 APARTMENT/             BUDGET (UP TO $100)                                                        69.7%                    72.4%                          2.7
 HOTEL                  STANDARD ($101 TO $250)                                                    30.0%                    27.3%                          2.6
                        DELUXE ($251 TO $500)                                                       0.3%                     0.3%                          0.0
                        LUXURY (OVER $500/NIGHT)                                                    0.0%                     0.0%                          0.0

                        TOTAL                                              21                     100.0%                   100.0%

 BED &                  BUDGET (UP TO $100)                                                        46.1%                    49.8%                          -3.7
 BREAKFAST              STANDARD ($101 TO $250)                                                    50.9%                    47.2%                           3.7
                        DELUXE ($251 TO $500)                                                       3.0%                     3.1%                          -0.1
                        LUXURY (OVER $500/NIGHT)                                                    0.0%                     0.0%                           0.0

                        TOTAL                                             179                     100.0%                   100.0%

 CONDOMINIUM            BUDGET (UP TO $100)                                                        15.3%                    18.6%                          -3.3
 HOTEL                  STANDARD ($101 TO $250)                                                    61.0%                    56.1%                           4.9
                        DELUXE ($251 TO $500)                                                      20.9%                    22.4%                          -1.5
                        LUXURY (OVER $500/NIGHT)                                                    2.8%                     2.9%                          -0.1

                        TOTAL                                             226                     100.0%                   100.0%

 HOSTEL                 BUDGET (UP TO $100)                                                       100.0%                   100.0%                          0.0
                        STANDARD ($101 TO $250)                                                     0.0%                     0.0%                          0.0
                        DELUXE ($251 TO $500)                                                       0.0%                     0.0%                          0.0
                        LUXURY (OVER $500/NIGHT)                                                    0.0%                     0.0%                          0.0

                        TOTAL                                              13                     100.0%                   100.0%

 HOTEL                  BUDGET (UP TO $100)                                                          8.4%                    7.7%                           0.7
                        STANDARD ($101 TO $250)                                                    31.1%                    34.7%                          -3.6
                        DELUXE ($251 TO $500)                                                      44.7%                    43.2%                           1.6
                        LUXURY (OVER $500/NIGHT)                                                    158%                    14.4%                           1.3

                        TOTAL                                             138                     100.0%                   100.0%

 INDIVIDUAL             BUDGET (UP TO $100)                                                        34.2%                    31.0%                           3.2
 VACATION UNIT          STANDARD ($101 TO $250)                                                    38.4%                    42.4%                          -4.1
                        DELUXE ($251 TO $500)                                                      19.1%                    18.4%                           0.6
                        LUXURY (OVER $500/NIGHT)                                                    8.4%                     8.2%                           0.2

                        TOTAL                                             520                     100.0%                   100.0%

 TIMESHARE              BUDGET (UP TO $100)                                                        10.8%                    12.8%                          -2.0
                        STANDARD ($101 TO $250)                                                    42.7%                    45.7%                          -2.9
                        DELUXE ($251 TO $500)                                                      42.0%                    38.6%                           3.5
                        LUXURY (OVER $500/NIGHT)                                                    4.4%                     2.9%                           1.5

                        TOTAL                                              39                     100.0%                   100.0%

 OTHER                  BUDGET (UP TO $100)                                                        29.8%                    23.9%                          5.9
                        STANDARD ($101 TO $250)                                                    20.0%                    35.3%                        -15.2
                        DELUXE ($251 TO $500)                                                      49.9%                    40.7%                          9.3
                        LUXURY (OVER $500/NIGHT)                                                    0.2%                     0.2%                          0.0

                        TOTAL                                              51                     100.0%                   100.0%

 STATE TOTAL                                                            1,187
1/ Based on 1,187 properties comprising of 70,913 units (97.8% of the total 72,516 units in 2006) for which information on the class of units was available. Because

class of units was reported in terms of percentages, sums may not total due to rounding error.
2/ Based on 1,212 properties comprising of 69,419 units (94.9% of the total 73,126 units in 2005) for which information on the class of units was available. Because

class of units was reported in terms of percentages, sums may not total due to rounding error.




                                                                                     26
2006 VISITOR PLANT INVENTORY

    LIST OF PROPERTIES




              27
                                 EXPLANATION OF CATEGORIES
Island = Island on which the property is located
Area = Area of the island where the property is located
Name = Name of property
Type = Property Type
Definitions are as follows:

Apartment / Hotel             Inexpensive units (usually in a low-rise building) equipped with
                              kitchens and geared for long-term rentals. Front desk operations and
                              maid service are usually limited and sometimes non-existent.

Bed & Breakfast (B&B)         A lodging facility with a limited number of guest units, which include
                              breakfast in the daily rental rate. Typical bed and breakfast facilities
                              are either small, quaint inns, or family homes.

Condominium Hotel             A multi-unit property legally classified as a condominium with each unit
                              individually deeded. Generally, units are collectively placed into
                              transient hotel rental operations, offering most of the services of a
                              hotel, such as daily maid service and front desk operations.
                              Condominium units are usually larger than hotel units and include
                              studios and one- to three-bedroom units, with kitchen and laundry
                              facilities, geared for transient use of 30 days or less.

Hotel                         A multi-unit lodging facility which provides room accommodations on a
                              daily basis and generally, but not always, restaurant operations and
                              other “away from home” services such as daily maid service and front
                              desk operations. Includes condominiums if a single owner owns all
                              units and the property is operated as defined here.

Hostels                       An inexpensive, limited service facility, often with dormitory-style
                              accommodations, appealing primarily to younger travelers.

Individual Vacation           An individual condominium unit (not in a hotel rental operation),
        Unit (IVU)            house, cabin, villa, or cottage with very limited service, often with only
                              basic cleaning supplies provided.

Timeshare                     A timeshare is a kind of property ownership that allows guests to
                              acquire a percentage of interest in a hotel unit, condominium/hotel,
                              bed and breakfast, individual vacation home etc. for a specific period
                              of time on a recurring basis. This share could be one week per year
                              (i.e. 1/52 share) or more; some resorts offering one week every other
                              year (1/104 share) or four weeks per year (1/13 share).

                              The survey questionnaire asks for information on the number of units
                              registered as timeshare and units operated as timeshare. The number
                              of units registered includes those that are available for sale as well as
                              those currently in use by visitors. The number of units operated
                              represents the units that have been sold and are used.

Other                         Includes residential condominium units, timeshare units, motels,
                              lodges, inns, or any other form of property not included in the above
                              definitions.
                                                     28
Available Units = Number of units available for visitor use
Change from 2005 = Difference in available units between 2006 and 2005
Opened = Year property first opened
Class
%B      Percent of visitor units classified as Budget (Up to $100 per night)
%S      Percent of visitor units classified as Standard ($101 to $250 per night)
%D      Percent of visitor units classified as Deluxe ($251 to $500 per night)
%L      Percent of visitor units classified as Luxury (Over $500 per night)
NA      Not available
Property
F     Fee Simple
L     Leasehold
B     Both
Last Response
2006 Survey form received in 2006
2005 No response received in 2006, information received in 2005
2004 No response received in 2006, information received in 2004
2003 No response received in 2006, information received in 2003




                                                    29
                                                              2006 CURRENT VISITOR PLANT INVENTORY
                                                                                                         AVAILABLE    CHANGE               %     %      %   % PROP      LAST
     ISLAND   AREA                  NAME                                                   TYPE            UNITS     FROM 2005   OPENED    B     S      D    L TYPE   RESPONSE

     O‘AHU    AIRPORT AREA          THE SHOWER TREE                                        Hostels          20           0        1988    100     0     0   0   NA      2006
                                    BEST WESTERN - THE PLAZA HOTEL                         Hotel           274           0        1975      0   100     0   0   L       2006
                                    HONOLULU AIRPORT HOTEL                                 Hotel           308           0        1965      0   100     0   0   L       2006
                                    PACIFIC MARINA INN LLC                                 Hotel           120          +1        1960    100     0     0   0   F       2006
              ALA MOANA AREA        ALA MOANA HOTEL                                        Condo/hotel    1154         +11        1970      0    94     5   1   F       2006
                                    CENTRAL YMCA                                           Hotel           114           0        1951    100     0     0   0   F       2006
                                    PAGODA HOTEL                                           Hotel           360          +1        1964     55    45     0   0   L       2006
                                    PLUMERIA APARTMENT HOTEL & HOSTEL                      Other            19           0        1985    100     0     0   0   L       2006
              LEEWARD/MĀKAHA SIDE   HARBOR ARMS APARTMENT HOTEL                            Apt/hotel        30           0        1964    100     0     0   0   L       2005
                                    RAINBOW INN BED & BREAKFAST                            B&B               1           0         NA     100     0     0   0   F       2005
                                    HARBOR SHORES APARTMENT HOTEL                          Condo/hotel      42          +1        1967     98     2     0   0   F       2006
                                    HAWAIIAN PRINCESS AT MAKAHA BEACH                      Condo/hotel      70           0        1980    NA    NA    NA NA     L       2005
                                    MAKAHA SURFSIDE OCEANFRONT CONDO                       Condo/hotel       1           0         NA       0   100     0   0   NA      2006
                                    JW MARRIOTT IHILANI RESORT & SPA                       Hotel           387           0        1993      0     0    90 10    F       2006
                                    MAKAHA RESORT GOLF CLUB                                Hotel           173           0        1985     25    75     0   0   F       2006
                                    HALE BOUGAINVILLEA                                     IVU               1           0        1985     25    75     0   0   N       2006
                                    KO OLINA FAIRWAYS                                      IVU               1           0        1995      0     0   100   0   F       2006
                                    MAKAHA SHORES                                          IVU               4           0        1967    100     0     0   0   F       2006
                                    MAKAHA SURFSIDE                                        IVU               4           0        1974    100     0     0   0   F       2005
                                    MAKAHA VALLEY TOWERS                                   Other           348           0        1971    NA    NA    NA NA     B       2006
                                    MARRIOTT KO OLINA BEACH CLUB                           Timeshare       300        +190        2003      0     0   100   0   NA      2006
              NORTH SHORE           TURTLE BAY APARTMENTS & CONDOS                         Apt/hotel        57          +7        1973     10    90     0   0   L       2006
                                    LAIE INN                                               Hotel            49           0        1964     90    10     0   0   L       2006
                                    THE INN AT SCHOFIELD BARRACKS                          Hotel           192           0        1994     50    50     0   0   L       2006
30




                                    TURTLE BAY RESORT                                      Hotel           460         +17        1972      0     0    84 16    F       2006
                                    BEACH HOME HAWAI‘I                                     IVU               1           0         NA       0     0   100   0   F       2006
                                    BEACHFRONT COTTAGES (NORTH SHORE)                      IVU               4           0        1963      0   100     0   0   F       2004
                                    BEACHFRONT KAWELA BAY HOME                             IVU               1           0        1978      0     0   100   0   F       2006
                                    HALE ALII, PUKANA LA, LANIKEHA, KAMAI, EHU KAI, LOFT   IVU               1           0        1978     20    80     0   0   F       2006
                                    HALE LANI                                              IVU               1           0        1984      0     0   100   0   F       2006
                                    HALE MAKAI                                             IVU               1           0        1978      0   100     0   0   F       2005
                                    KE IKI BEACH BUNGALOWS                                 IVU               9           0        1957     40    60     0   0   F       2006
                                    KOLEALEA AT MALAEKAHANA                                IVU               1           0        1992      0   100     0   0   F       2006
                                    KOOLANI KAI, HAUULA LANAI, KAUA‘I KAI, MOLOKA‘I        IVU               4           0        1978     25    75     0   0   F       2006
                                    LAIE BEACH RETREAT BEACHFRONT HOME AND STUDIO          IVU               1           0        2002      0     0   100   0   NA      2006
                                    LAIE BEACHFRONT ESTATE                                 IVU               1           0         NA       0     0   100   0   F       2006
                                    NORTH SHORE LANIAKEA BEACH HOME                        IVU               1           0        1979      0     0   100   0   F       2005
                                    NORTH SHORE VACATION HOMES (493)                       IVU               1           0        1985      0    25    75   0   F       2006
                                    NORTH SHORE VACATION HOMES (495)                       IVU               1           0        1985      0    25    75   0   F       2006
                                    NORTH SHORE VACATION HOMES (501)                       IVU               1           0        1986      0    25    75   0   F       2006
                                    NORTH SHORE VACATION HOMES (503)                       IVU               1           0        1986      0    25    75   0   F       2006
                                    OWEN'S RETREAT                                         IVU               4           0        1963      0   100     0   0   F       2006
                                    BACKPACKERS VAC INN & PLANTATION VILLAGE               Other            14           0        1979     99     1     0   0   F       2006
                                    HALE KIMO AT SUNSET BEACH                              Other             2           0        1983      0     0   100   0   F       2006
                                    SUNSET BEACH HOUSE, THE                                Other             1           0         NA       0     0     0 100   F       2005
              OTHER HONOLULU        MANOA VALLEY INN, THE                                  B&B               7           0        1974      0   100     0   0   F       2006
                                    RESORTQUEST AT THE EXECUTIVE CENTER HOTEL              Condo/hotel     122         +27        1992      0   100     0   0   L       2006
                                    HOSTELLING INTERNATIONAL - HONOLULU                    Hostels          40           0        1969    100     0     0   0   F       2006
                                    KAHALA HOTEL & RESORT                                  Hotel           340         -24        1964      0     0    70 30    L       2006
                                    TOWN INN                                               Hotel            26           0        1982    100     0     0   0   F       2004
                                    KAHALA SANCTUARY                                       IVU               1           0        2001      0     0     0 100   F       2006
                                    SOUTH SHORE 11 MAUNALUA BAY HOME                       IVU               1           0          NA    NA    NA    NA NA     NA      2004
                                    SOUTH SHORE 35                                         IVU               1           0         NA       0     0   100   0   F       2005
                                    ALA WAI KING APARTMENTS                                Apt/hotel        60           0         NA     100     0     0   0   F       2006
                                    ALOHA PUNAWAI APARTMENT HOTEL                          Apt/hotel        18           0        1959      0   100     0   0   F       2006
                                                         2006 CURRENT VISITOR PLANT INVENTORY
                                                                                         AVAILABLE    CHANGE               %     %     %   % PROP      LAST
     ISLAND    AREA              NAME                                      TYPE            UNITS     FROM 2005   OPENED    B     S     D    L TYPE   RESPONSE

     O‘AHU    WAIKĪKĪ/HONOLULU   EDMUNDS HOTEL APARTMENTS                  Apt/hotel         8           0        1955    100     0    0   0   F       2005
                                 HALE WAIKIKI APARTMENT HOTEL              Apt/hotel        15          +1        1954    100     0    0   0   F       2006
                                 HOLIDAY SURF HOTEL                        Apt/hotel        30           0        1968     55    45    0   0   F       2006
                                 KAI ALOHA HOTEL                           Apt/hotel        18          +1        1955    100     0    0   0   F       2006
                                 POLYNESIAN PLAZA                          Apt/hotel        25           0        1972    100     0    0   0   L       2006
                                 VICTORIA APARTMENT HOTEL                  Apt/hotel        16           0        1961    100     0    0   0   F       2006
                                 WAIKIKI PRINCE HOTEL                      Apt/hotel        23           0        1971    100     0    0   0   F       2006
                                 ALOHA TOWERS                              Condo/hotel      50        -148        1976      0     0    0   0   B       2006
                                 ALOHA WAIKIKI VACATION CONDOS             Condo/hotel       8           0        1976     85    15    0   0   B       2006
                                 AQUA BAMBOO & SPA HOTEL                   Condo/hotel      93          +2        1965      0    96    3   1   F       2006
                                 AQUA ISLAND COLONY                        Condo/hotel     169         -31        1979      0   100    0   0   L       2006
                                 AQUA MARINA HOTEL                         Condo/hotel     103          -4        1984     75    25    0   0   L       2006
                                 AQUA PALMS & SPA HOTEL                    Condo/hotel     262          +4        1971     20    80    0   0   F       2006
                                 BIG SURF                                  Condo/hotel      45           0        1971    100     0    0   0   F       2006
                                 BLUM'S WAIKIKI BEACH CONDOMINIUM SUITES   Condo/hotel     100         -92        1976     50    50    0   0   F       2006
                                 HAWAIIAN KING                             Condo/hotel      11         -10        1958     70    30    0   0   L       2006
                                 HAWAIIAN MONARCH HOTEL                    Condo/hotel     288           0        1979      0   100    0   0   B       2003
                                 ILIKAI APARTMENTS                         Condo/hotel     185           0        1964     30    60   10   0   F       2006
                                 ILIKAI MARINA                             Condo/hotel     150           0        1968     15    85    0   0   F       2006
                                 KON TIKI ANOHOU                           Condo/hotel       3           0        1950    100     0    0   0   L       2006
                                 MARC DIAMOND HEAD BEACH HOTEL             Condo/hotel      31           0        1969    NA    NA    NA NA    NA      2005
                                 MARINE SURF WAIKIKI                       Condo/hotel      38           0        1968      0   100    0   0   F       2006
                                 OUTRIGGER LUANA WAIKIKI                   Condo/hotel     205         -20         NA       0    80   19   1   NA      2006
                                 OUTRIGGER WAIKIKI SHORE                   Condo/hotel      37          +2        1962      0     6   88   6   F       2006
31




                                 RESORTQUEST AT THE WAIKIKI BANYAN         Condo/hotel     274         -45         NA       0   100    0   0   L       2006
                                 RESORTQUEST WAIKIKI BEACH TOWER           Condo/hotel     103           0        1984      0     0    0 100   B       2006
                                 RESORTQUEST PACIFIC MONARCH HOTEL         Condo/hotel     150          -1        1979      0   100    0   0   F       2006
                                 RESORTQUEST WAIKIKI SUNSET                Condo/hotel     371         -14        1979      0    80   19   1   L       2006
                                 ROYAL GARDEN RESORT & SPA                 Condo/hotel     208           0        1993      0    91    8   1   F       2006
                                 ROYAL KUHIO CONDOMINIUM                   Condo/hotel     378         -11        1978     80    20    0   0   B       2006
                                 WAIKIKI AA STUDIOS                        Condo/hotel       2          -1        1985    100     0    0   0   L       2006
                                 WAIKIKI GRAND HOTEL                       Condo/hotel      50           0        1964     50    50    0   0   B       2006
                                 WAIKIKI LANAIS                            Condo/hotel     160           0         NA       0   100    0   0   NA      2005
                                 WAIKIKI PARK HEIGHTS                      Condo/hotel     150           0         NA       0   100    0   0   F       2005
                                 HOKONDO WAIKIKI BEACHSIDE HOSTEL          Hostels          30           0        1981    100     0    0   0   L       2006
                                 HOSTELLING INTERNATIONAL - WAIKIKI        Hostels          63           0        1985    100     0    0   0   L       2006
                                 INTERCLUB HOSTEL - WAIKIKI                Hostels          15          -5        1988    100     0    0   0   F       2006
                                 POLYNESIAN HOSTEL                         Hostels          14           0        1975    100     0    0   0   L       2006
                                 SEASIDE HAWAIIAN HOSTEL                   Hostels          62           0        1990    100     0    0   0   L       2006
                                 AMBASSADOR HOTEL OF WAIKIKI               Hotel           224          +3        1966     50    48    1   1   F       2006
                                 AQUA ALOHA SURF HOTEL                     Hotel           202           0        1968      0   100    0   0   F       2006
                                 AQUA COCONUT PLAZA HOTEL                  Hotel            80           0        1964    100     0    0   0   L       2006
                                 AQUA CONTINENTAL SURF HOTEL               Hotel           143          -3        1979    100     0    0   0   F       2006
                                 AQUA OCEAN TOWER HOTEL                    Hotel            72         +72        2006      0   100    0   0   L       2006
                                 AQUA WAIKIKI WAVE HOTEL                   Hotel           247           0        1969      0   100    0   0   L       2006
                                 BREAKERS HOTEL, THE                       Hotel            64           0        1954     75    25    0   0   F       2006
                                 CASTLE HOKELE SUITES WAIKIKI              Hotel           114           0        1962      0    85   15   0   L       2006
                                 DOUBLETREE ALANA WAIKIKI HOTEL            Hotel           313           0        1973      0    97    2   1   F       2006
                                 DOUBLETREE WYLAND WAIKIKI                 Hotel            36         +36        2006    NA    NA    NA NA    L       2006
                                 EWA HOTEL WAIKIKI                         Hotel            90         +18        1987     50    50    0   0   L       2006
                                 HALE KOA HOTEL                            Hotel           817           0        1975     32    68    0   0   B       2006
                                 HALEKULANI                                Hotel           455           0        1984      0     0   52 48    B       2006
                                 HAWAI‘I PRINCE HOTEL WAIKIKI              Hotel           521           0        1990      0     0   89 11    B       2006
                                 HAWAIIANA HOTEL                           Hotel            93           0        1955      0   100    0   0   L       2006
                                 HILTON HAWAIIAN VILLAGE                   Hotel          3386           0        1961      0    19   74   7   F       2006
                                                         2006 CURRENT VISITOR PLANT INVENTORY
                                                                                               AVAILABLE    CHANGE               %     %    %    % PROP      LAST
     ISLAND   AREA               NAME                                              TYPE          UNITS     FROM 2005   OPENED    B     S    D     L TYPE   RESPONSE

     O‘AHU    WAIKĪKĪ/HONOLULU   HOLIDAY INN - WAIKIKI                             Hotel         198          -1        1969      0   100   0    0   F       2006
                                 THE EQUUS                                         Hotel          68         -44        1963     70    30   0    0   L       2006
                                 HYATT REGENCY WAIKIKI RESORT & SPA                Hotel        1230           0        1976      0     0 65    35   L       2006
                                 ILIMA HOTEL                                       Hotel          99           0        1968      0    88 11     0   F       2005
                                 KUHIO VILLAGE RESORT HOTEL                        Hotel         153           0        1967     70    30   0    0   B       2003
                                 MIRAMAR AT WAIKIKI                                Hotel         358          +1        1970      0   100   0    0   L       2006
                                 OCEAN RESORT HOTEL WAIKIKI                        Hotel         451          +1        1970      0    99   1    0   L       2006
                                 OHANA EAST                                        Hotel         441          -4        1972      0    91   9    0   L       2006
                                 OHANA ISLANDER WAIKIKI                            Hotel         264         -17        1997      0    98   2    0   F       2006
                                 OHANA MAILE SKY COURT                             Hotel         596           0        1984      0   100   0    0   L       2005
                                 OHANA WAIKIKI BEACHCOMBER HOTEL                   Hotel         500          +2        1970      0    50 50     0   L       2006
                                 OHANA WAIKIKI MALIA                               Hotel         327           0        1968      0   100   0    0   F       2005
                                 OHANA WAIKIKI WEST                                Hotel         663           0        1973      0    81 19     0   L       2005
                                 OUTRIGGER REEF ON THE BEACH                       Hotel         790         -68        1956      0     0 89    11   F       2006
                                 OUTRIGGER WAIKIKI ON THE BEACH                    Hotel         525           0        1967      0     0 55    45   L       2005
                                 PACIFIC BEACH HOTEL                               Hotel         837           0        1969      0    95   5    0   L       2006
                                 PARK SHORE HOTEL, THE                             Hotel         226           0        1970      0   100   0    0   L       2006
                                 QUEEN KAPIOLANI HOTEL                             Hotel         315          +1        1969      0    98   2    0   L       2006
                                 RENAISSANCE ILIKAI WAIKIKI HOTEL                  Hotel         703         -80        1964      0     0 90    10   F       2005
                                 RESORTQUEST HONOLULU PRINCE HOTEL                 Hotel         119          -1        1959    100     0   0    0   L       2006
                                 RESORTQUEST WAIKIKI BEACH HOTEL                   Hotel         644         -72        1970      0    18 82     0   B       2006
                                 RESORTQUEST WAIKIKI BEACHSIDE HOTEL               Hotel          79         +17        1974      0   100   0    0   L       2006
                                 RESORTQUEST WAIKIKI CIRCLE HOTEL                  Hotel         104           0        1963      0   100   0    0   F       2006
                                 RESORTQUEST WAIKIKI JOY HOTEL                     Hotel         102           0        1987      0    92   8    0   F       2006
32




                                 ROYAL GROVE HOTEL                                 Hotel          80           0        1952    100     0   0    0   F       2006
                                 SHERATON MOANA SURFRIDER                          Hotel         793           0        1901      0     0 100    0   F       2006
                                 SHERATON PRINCESS KAIULANI HOTEL                  Hotel        1150          -2        1955      0    75 25     0   F       2006
                                 SHERATON ROYAL HAWAIIAN HOTEL                     Hotel         526           0        1927      0     0 50    50   L       2006
                                 SHERATON WAIKIKI HOTEL                            Hotel        1695           0        1971      0    30 63     7   L       2006
                                 THE NEW OTANI KAIMANA BEACH HOTEL                 Hotel         124           0        1964      0    76 23     1   L       2006
                                 W HONOLULU DIAMOND HEAD                           Hotel          49           0        1960      0     0 100    0   B       2006
                                 WAIKIKI BEACH MARRIOTT RESORT & SPA               Hotel        1310           0        1971      0     0 100    0   L       2006
                                 WAIKIKI GATEWAY HOTEL                             Hotel         176           0        1969    100     0   0    0   L       2006
                                 WAIKIKI HANA HOTEL                                Hotel          73           0        1983    100     0   0    0   F       2006
                                 WAIKIKI PARC HOTEL                                Hotel         297           0        1987      0    60 40     0   B       2006
                                 WAIKIKI PRINCE KUHIO HOTEL                        Hotel         620           0        1980      0    20 78     2   L       2006
                                 WAIKIKI RESORT HOTEL                              Hotel         295          -1        1970      0    98   2    0   F       2006
                                 WAIKIKI ROYAL SUITES                              Hotel          47           0        1961      0    68 32     0   L       2005
                                 WAIKIKI SAND VILLA HOTEL                          Hotel         214           0        1970     95     5   0    0   L       2006
                                 CANAL HOUSE                                       IVU            12           0        1974    100     0   0    0   F       2003
                                 CAPTAIN COOK RESORTS                              IVU            50           0        1991     10    60 30     0   B       2006
                                 LEALEA HALE APARTMENT HOTEL & CONDO               IVU            34           0        1960    100     0   0    0   B       2006
                                 THE PAVILION AT WAIKIKI                           IVU            84           0        1974    100     0   0    0   B       2005
                                 WAIKIKI ALII #205                                 IVU             1           0        2004    100     0   0    0   NA      2006
                                 BANANA BUNGALOW WAIKIKI BEACH                     Other          40           0        1960    NA    NA NA     NA   NA      2005
                                 ROYAL ALOHA CONDO                                 Other           1           0        1973    NA    NA NA     NA   L       2005
                                 SEASIDE TOWERS                                    Other           7           0        1964    100     0   0    0   L       2004
                                 CELEBRITY RESORTS WAIKIKI                         Timeshare      80          +3        1979     75    25   0    0   L       2006
                                 CONDOMINIUM FAIRWAY VILLA                         Timeshare      19           0        1975    NA    NA NA     NA   F       2006
                                 KUHIO BANYAN HOTEL                                Timeshare      70           0        1987      0   100   0    0   L       2006
                                 THE IMPERIAL OF WAIKIKI                           Timeshare     251           0        1967      0   100   0    0   L       2006
                                 WAIKIKI SKY TOWER                                 Timeshare      10           0        1977      0   100   0    0   L       2006
              WINDWARD SIDE      1 BEDROOM KAILUA APARTMENT                        B&B             1           0        1994    100     0   0    0   F       2006
                                 AKAMAI BED & BREAKFAST                            B&B             2           0        1988    100     0   0    0   F       2006
                                 AKIALOA HALE O NA WAILELE (HOUSE OF WATERFALLS)   B&B             3           0        2000     75    25   0    0   NA      2006
                                                       2006 CURRENT VISITOR PLANT INVENTORY
                                                                                     AVAILABLE    CHANGE               %    %   %   % PROP      LAST
     ISLAND    AREA            NAME                                          TYPE      UNITS     FROM 2005   OPENED    B    S   D    L TYPE   RESPONSE

     O‘AHU     WINDWARD SIDE   ALII BLUFFS WINDWARD BED & BREAKFAST          B&B         2           0        1988 100     0    0   0   F       2006
                               B & B PILLOWS IN PARADISE                     B&B         3           0        1986 100     0    0   0   F       2006
                               BEACH LANE B & B                              B&B         2           0        1990    0 100     0   0   F       2006
                               BED AND BREAKFAST ON WAIMANALO BEACH          B&B         1           0        1995 100     0    0   0   F       2006
                               FAIRWAY VIEW BED & BREAKFAST                  B&B         2           0        1989 100     0    0   0   F       2006
                               FINN'S BED & BREAKFAST                        B&B         2           0        1985 100     0    0   0   F       2005
                               GUESTHOUSE HAWAI‘I                            B&B         2           0        1985 100     0    0   0   F       2006
                               HAWAI‘I'S HIDDEN HIDEAWAY BED AND BREAKFAST   B&B         3           0        1997    0 100     0   0   F       2005
                               KAILUA BEACH BED & BREAKFAST                  B&B         2           0          NA    0 100     0   0   F       2005
                               KAILUA KOTTAGES                               B&B         1           0        1988 100     0    0   0   F       2006
                               KAIMALINO HOMESTAY BED AND BREAKFAST          B&B         2           0        1987 100     0    0   0   F       2005
                               KANELA KAI                                    B&B         1           0        2004 100     0    0   0   NA      2006
                               KUUHALE BED & BREAKFAST                       B&B         1           0        1985 100     0    0   0   F       2006
                               MANU MELE BED & BREAKFAST                     B&B         2           0        1988 100     0    0   0   F       2006
                               PACHECO'S HALE                                B&B         1           0        1989 100     0    0   0   F       2006
                               PAPAYA PARADISE BED & BREAKFAST               B&B         2           0        1988 100     0    0   0   F       2006
                               PARADISE PALMS BED & BREAKFAST                B&B         2           0        1988 100     0    0   0   F       2006
                               SHARON'S KAILUA SERENITY BED & BREAKFAST      B&B         2           0        1988 100     0    0   0   NA      2006
                               TEE'S AT KAILUA                               B&B         2           0        2002    0 100     0   0   F       2006
                               VACATION RENTALS                              B&B         1           0        1980 100     0    0   0   F       2005
                               A ALOHA EXPERIENCE - PALIONE PLACE            IVU         3           0        1981    0 100     0   0   F       2006
                               A KAILUA BEACH VACATION ACCOMMODATIONS        IVU         2           0        1989    0 100     0   0   F       2006
                               ALII BED & BREAKFAST                          IVU         2           0        1989 100     0    0   0   F       2006
                               ALOHA BEACH VACATION RENTALS                  IVU         1           0        1990    0 100     0   0   F       2006
33




                               ANDREA'S VACATION RENTAL                      IVU         1           0         NA 100      0    0   0   F       2006
                               AUNTIE BARBARA'S                              IVU         2           0        1995  50 50       0   0   F       2006
                               COCONUT CORNER RENTAL HOME                    IVU         1           0        2004 100     0    0   0   F       2006
                               COUNTRYSIDE CABINS                            IVU         8           0        1950  50 50       0   0   F       2006
                               HALE IKENA APARTMENT                          IVU         1           0        2001    0 100     0   0   F       2006
                               HALE KIPA NA KAI                              IVU         3           0        1989 33.3 33.3 33.3   0   F       2006
                               HALE MOANA                                    IVU         1           0        2004    0 100     0   0   F       2006
                               HALE O BALI                                   IVU         1           0        2002    0 100     0   0   F       2006
                               HALE PALI                                     IVU         1           0        2000 100     0    0   0   F       2006
                               HAWAI‘I BEDS & BEACHES KOM AONA INN           IVU         1           0        1994    0 100     0   0   F       2006
                               HAWAI‘I LIGHT HOUSE                           IVU         1           0        2001    0    0    0 100   F       2006
                               KAILUA BAY VACATION RENTAL                    IVU         1           0        1989    0 100     0   0   F       2006
                               KAILUA BEACH VACATION HOME AND STUDIO         IVU         3           0        1981    0 100     0   0   F       2006
                               KAILUA BEACHSIDE COTTAGES                     IVU         5           0        1974 100     0    0   0   F       2006
                               KAILUA TRADEWINDS                             IVU         2           0        1996 100     0    0   0   F       2006
                               KAILUANA: KAILUA BEACHFRONT HOMES             IVU         2           0        1979    0 50 50       0   F       2006
                               KAY'S VACATION RENTAL                         IVU         2           0        1980 100     0    0   0   F       2005
                               KUALOA POINT HOME                             IVU         1           0         NA     0    0 100    0   F       2006
                               LANIKAI DREAM HOME                            IVU         1           0        1995 100     0    0   0   F       2006
                               PAT'S AT PUNALUU                              IVU        30           0        1973 100     0    0   0   NA      2005
                               SHEFFIELD HOUSE                               IVU         2           0        1985 100     0    0   0   F       2006
                               STEPS TO THE BEACH GUESTHOUSE                 IVU         1           0        1998    0 100     0   0   F       2005
                               THE TRADEWINDS ESTATE                         IVU         1           0        2000 100     0    0   0   F       2006
                               SCHRADER'S WINDWARD COUNTRY INN               Other      30          +6        1978  50 50       0   0   F       2006


     HAWAI‘I   HILO/HONOKA‘A   ABSOLUTE PARADISE B&B                         B&B         4           0        2001     75 25    0   0   F       2006
                               AKIKO'S                                       B&B         7          -8        1995    100   0   0   0   F       2006
                               ALOHA BED & CONTINENTAL BREAKFAST             B&B         1           0         NA     100   0   0   0   NA      2005
                               AT THE BEACH WITH FRIENDS B&B INN             B&B         3           0        2003      0 100   0   0   F       2006
                               EMERALDVIEW GUEST HOUSE                       B&B         2           0        2001      0 100   0   0   F       2006
                                                     2006 CURRENT VISITOR PLANT INVENTORY
                                                                                      AVAILABLE    CHANGE               %     %    %    % PROP      LAST
     ISLAND    AREA            NAME                                     TYPE            UNITS     FROM 2005   OPENED    B     S    D     L TYPE   RESPONSE

     HAWAI‘I   HILO/HONOKA‘A   HALE AULIKE                              B&B               2           0        2005    100     0   0    0   F       2004
                               HALE KAI HAWAI‘I BED & BREAKFAST         B&B               4           0        1986      0   100   0    0   F       2006
                               HAWAIIAN VICTORIAN ISLAND PRINCESS B&B   B&B               3           0        2003     67    33   0    0   NA      2006
                               HILO OCEANFRONT BED AND BREAKFAST        B&B               2           0        1996      0    50 50     0   F       2004
                               HOLMES' SWEET HOME B&B                   B&B               2           0        1995    100     0   0    0   F       2006
                               INN AT KULANIAPIA FALLS                  B&B               4           0        1998    100     0   0    0   NA      2006
                               LANNAN'S LIHI KAI ON HILO BAY            B&B               2           0        1981    100     0   0    0   L       2006
                               LAVA TREE TROPIC INN                     B&B               4           0        2002    100     0   0    0   F       2006
                               LUANA OLA B&B COTTAGES                   B&B               1           0         NA     100     0   0    0   F       2006
                               MAUREEN'S BED & BREAKFAST                B&B               4           0        1990    100     0   0    0   F       2006
                               MOUNTAIN MEADOW RANCH BED & BREAKFAST    B&B               2           0        1989     50    50   0    0   F       2006
                               NAALII PLANTATION                        B&B               2           0        1997    100     0   0    0   F       2006
                               OLD HAWAIIAN BED & BREAKFAST             B&B               3           0        2001    100     0   0    0   F       2006
                               ORCHID TREE BED & BREAKFAST              B&B               1           0        2004      0   100   0    0   F       2006
                               OUR PLACE PAPAIKOU'S BED & BREAKFAST     B&B               3           0        1989    100     0   0    0   F       2006
                               PINEAPPLE PARK B&B                       B&B              10           0        1988    100     0   0    0   F       2006
                               SEASCAPE GARDENS B&B                     B&B               2           0        2004    100     0   0    0   F       2006
                               SHIPMAN HOUSE B & B INN                  B&B               5           0        1997      0   100   0    0   F       2006
                               THE BAY HOUSE B&B                        B&B               3           0         NA       0   100   0    0   F       2004
                               THE BUTTERFLY INN FOR WOMEN              B&B               1           0        1986    100     0   0    0   F       2006
                               THE PALMS CLIFF HOUSE                    B&B               8           0        2001      0    50 50     0   F       2006
                               WAIANUHEA B&B                            B&B               5           0        2002      0    60 40     0   NA      2006
                               WAIPIO WAYSIDE BED & BREAKFAST INN       B&B               5           0        1988     25    75   0    0   F       2006
                               WATERFALLS INN BED & BREAKFAST           B&B               4           0        2003      0   100   0    0   F       2006
34




                               WILD GINGER INN                          B&B              25           0        1939    100     0   0    0   F       2006
                               COUNTRY CLUB HAWAI‘I CONDO/HOTEL         Condo/hotel      70           0        1987    100     0   0    0   L       2006
                               PEACE GARDEN VACATION HOUSES             Condo/hotel       2           0        2003     50    50   0    0   F       2004
                               HOTEL HONOKAA CLUB INC.                  Hostels          17           0        1908    100     0   0    0   F       2006
                               ARNOTT'S LODGE AND HIKING ADVENTURES     Hotel            35           0        1990    100     0   0    0   F       2006
                               DOLPHIN BAY HOTEL                        Hotel            18           0        1968    100     0   0    0   F       2005
                               HILO HAWAIIAN HOTEL                      Hotel           285           0        1975      0    97   3    0   L       2006
                               HILO SEASIDE                             Hotel           140           0        1960    100     0   0    0   F       2006
                               KALANI OCEANSIDE RETREAT                 Hotel            48           0        1982      0   100   0    0   B       2006
                               NANILOA RESORT                           Hotel           325           0        1969     65    65   5    0   L       2006
                               UNCLE BILLY'S HILO BAY HOTEL             Hotel           143           0        1964    100     0   0    0   L       2006
                               8 BEACHES HOUSE/8 SURFRIDER HOUSE        IVU               1           0        2002    NA    NA NA     NA   N       2006
                               BJORNEN'S NUT FARM                       IVU               1           0        2003    100     0   0    0   F       2006
                               CHAMPAGNE COVE AT KAPOHO BEACH           IVU               2           0        1990     50    50   0    0   F       2005
                               CLIFF HOUSE-WAIPIO VALLEY LOOKOUT        IVU               1           0        1997      0   100   0    0   F       2006
                               COCONUT LANDING                          IVU               1           0        1999      0   100   0    0   F       2006
                               HALE KUKUI                               IVU               3           0        1992      0   100   0    0   F       2006
                               HALE O NAIA (HOUSE OF THE DOLPHIN)       IVU               2           0        2003      0     0 100    0   F       2006
                               HAMAKUA HIDEAWAY                         IVU               2           0        1986     50    50   0    0   F       2006
                               HAWAIIAN RHYTHMS                         IVU               3           0        2001    100     0   0    0   F       2006
                               HAWAIIAN VACATION RENTAL                 IVU               2           0        2002     50    50   0    0   F       2006
                               HILO SEASIDE RETREAT & SPA               IVU               2           0        1997      0    75 25     0   F       2006
                               HOUSE AT HONOLII                         IVU               1           0        1999    100     0   0    0   F       2006
                               KALOPA HOMESTEAD GUEST HOUSE             IVU               1           0        1995      0   100   0    0   F       2003
                               KAPOHO VACATION COTTAGES                 IVU               1           0        2000    100     0   0    0   F       2006
                               LILIKOI HOUSE                            IVU               1           0        2004      0   100   0    0   NA      2006
                               MY HAWAI‘I DREAM OCEANFRONT HOME         IVU               1           0        2001      0   100   0    0   F       2006
                               PACIFIC NATUROPATHIC                     IVU               2           0        2003     50    50   0    0   F       2006
                               SANCTUARY IN PARADISE                    IVU               1           0        2001      0   100   0    0   F       2006
                               SEA WATCH                                IVU               1           0        2000      0   100   0    0   NA      2006
                               TREE TOP HALE                            IVU               1           0        2001      0   100   0    0   F       2004
                                                               2006 CURRENT VISITOR PLANT INVENTORY
                                                                                                        AVAILABLE    CHANGE               %     %      %     % PROP      LAST
     ISLAND    AREA                     NAME                                              TYPE            UNITS     FROM 2005   OPENED    B     S      D      L TYPE   RESPONSE

     HAWAI‘I   HILO/HONOKA‘A            WAIPIO LOOKOUT VACATION RENTAL                    IVU               1           0        1995    100     0     0     0   F       2006
                                        WAIPIO RIDGE VACATION RENTAL                      IVU               1           0        1990    100     0     0     0   F       2006
                                        ISLE OF YOU - HAWAI‘I                             Other             2           0        2004    100     0     0     0   NA      2006
                                        THE HILO LAGOON CENTRE                            Other            56           0        1983    100     0     0     0   F       2006
               KOHALA/WAIMEA/KAWAIHAE   WAIKOLOA FAIRWAYS                                 Apt/hotel         1           0        1991      0   100     0     0   F       2006
                                        AAAH, THE VIEWS BED & BREAKFAST                   B&B               2           0        1990     50    50     0     0   F       2006
                                        BELLE VUE COTTAGE & SUITES                        B&B               2           0        1995      0   100     0     0   F       2006
                                        COOK'S DISCOVERIES WAIMEA SUITE BED & BREAKFAST   B&B               1           0        2001      0   100     0     0   F       2006
                                        HALE HO’ONANEA BED & BREAKFAST                    B&B               3           0        1998      0   100     0     0   F       2006
                                        JACARANDA INN                                     B&B               9           0        1999      0    89    11     0   L       2006
                                        KAMUELA'S MAUNA KEA VIEW BED & BREAKFAST          B&B               2           0        1988    100     0     0     0   F       2006
                                        KOHALA COUNTRY ADVENTURES GUESTHOUSE              B&B               3           0        1998     50    50     0     0   F       2006
                                        PUAKO BED AND BREAKFAST                           B&B               4           0        1999      0   100     0     0   F       2006
                                        WAIMEA GARDENS                                    B&B               2           0        1982      0   100     0     0   F       2006
                                        BAY CLUB AT WAIKOLOA RESORT                       Condo/hotel     167           0         NA       0     0   100     0   NA      2006
                                        ISLANDS AT MAUNA LANI, THE                        Condo/hotel      15           0        1992      0     0    94     6   F       2006
                                        MAUNA LANI POINT                                  Condo/hotel      64           0        1986      0     0    60    40   F       2006
                                        MAUNA LANI TERRACE                                Condo/hotel      59           0        1984      0     0    50    50   F       2006
                                        OUTRIGGER FAIRWAY VILLAS                          Condo/hotel      84           0         NA       0   100     0     0   NA      2005
                                        RESORTQUEST SHORES AT WAIKOLOA                    Condo/hotel     120           0        1987      0     0   100     0   F       2006
                                        WAIKOLOA COLONY VILLAS                            Condo/hotel      70           0         NA       0     0   100     0   NA      2006
                                        FAIRMONT ORCHID HAWAI‘I                           Hotel           540           0        1990      0     0    30    70   F       2006
                                        HAPUNA BEACH PRINCE HOTEL                         Hotel           351           0        1994      0     0    97     3   F       2003
                                        HILTON WAIKOLOA VILLAGE                           Hotel          1240           0        1988      0     0    96     4   B       2006
35




                                        KOHALA VILLAGE INN                                Hotel            19           0        1994     80    20     0     0   B       2006
                                        MAUNA LANI BAY HOTEL & BUNGALOWS                  Hotel           350           0        1983      0     0    70    30   F       2006
                                        PAHOA ORCHID INN                                  Hotel             5           0         NA     100     0     0     0   L       2004
                                        THE MAUNA KEA BEACH HOTEL                         Hotel           310           0        1965      0     0    32    68   F       2006
                                        WAIKOLOA BEACH MARRIOTT RESORT & SPA              Hotel           555         +10        1981      0     0    90    10   L       2006
                                        WAIMEA COUNTRY LODGE                              Hotel            21           0        1976      0   100     0     0   F       2006
                                        (2) ALOHA VACATION COTTAGES NEAR BEACHES          IVU               2           0        2002     50    50     0     0   NA      2006
                                        28 BLACK SAND BEACH                               IVU               0           0         NA       0     0     0   100   NA      2006
                                        A PIECE OF PARADISE                               IVU               9           0         NA       0    89    11     0   NA      2006
                                        BEACHFRONT KIAWE HOUSE                            IVU               1           0        2004      0     0   100     0   F       2006
                                        CABIN IN THE TREELINE                             IVU               1           0        2001      0   100     0     0   NA      2006
                                        HALE MOANI                                        IVU               1           0        2004      0   100     0     0   F       2006
                                        HALE O MAUNA ALIMA – 4 BEDROON 4 BATH             IVU               1           0         NA       0     0     0   100   F       2006
                                        HALEKAILANI                                       IVU               1           0         NA       0     0     0   100   F       2006
                                        KAPOHO BEACH HOUSE AND COTTAGE                    IVU               2           0        2000     50    50     0     0   F       2004
                                        KOHALA'S GUEST HOUSE                              IVU               2           0        1990    100     0     0     0   F       2006
                                        KOLEA                                             IVU               8           0        2001      0     0   100     0   F       2006
                                        MAUNA KEA FAIRWAYS (UNIT #1, #25, #28)            IVU               3           0         NA       0     0   100     0   NA      2006
                                        O KA POHAKU-NUI - HOME OF MAGNIFICENT STONES      IVU               9           0        2003      0     0   100     0   F       2006
                                        PANIOLO CLUB VACATION CONDOS                      IVU              20           0        1980      0   100     0     0   F       2006
                                        PAUOA BEACH AT MAUNA LANI                         IVU               1           0         NA       0     0     0   100   F       2006
                                        THE CAPE AT MAUNA LANI NO. 3-4 BEDROOMS 4 BATHS   IVU               1           0         NA       0     0     0   100   NA      2006
                                        THE VILLAS AT MAUNA KEA #40                       IVU               1           0         NA       0     0     0   100   NA      2006
                                        VISTA WAIKOLOA – 2 BEDROOM 2 BATH GARDEN VIEW     IVU             122           0         NA       0     0   100     0   NA      2006
                                        JENNY’S COUNTRY COTTAGE                           Other             1           0        1994    100     0     0     0   F       2006
                                        PANIOLO GREENS RESORT                             Timeshare       162           0        1991      0   100     0     0   F       2005
                                        THE BAY CLUB AT WAIKOLOA BEACH RESORT             Timeshare       167           0        1991      0    20    80     0   F       2005
                                        THE GREENS AT WAIKOLOA-A106                       Timeshare       180           0         NA       0   100     0     0   B       2004
               KONA                     1ST CLASS BED & BREAKFAST KONA HAWAI‘I            B&B               2           0        1989    100     0     0     0   F       2006
                                        A ALOHA GUEST HOUSE                               B&B               5           0        2002      0    80    20     0   L       2006
                                        A DRAGONFLY RANCH                                 B&B               5           0        1990     80    20     0     0   L       2006
                                             2006 CURRENT VISITOR PLANT INVENTORY
                                                                                  AVAILABLE    CHANGE               %     %    %   % PROP      LAST
     ISLAND    AREA   NAME                                          TYPE            UNITS     FROM 2005   OPENED    B     S    D    L TYPE   RESPONSE

     HAWAI‘I   KONA   A KIWI GARDENS B&B                            B&B               3           0        1990      0   100   0   0   F       2004
                      AAAHHH PARADISE                               B&B               5           0        2003      0   100   0   0   F       2006
                      AFFORDABLE HAWAI‘I AT POMAIKAI FARM B&B       B&B               4           0        1994    100     0   0   0   L       2006
                      ALOHA FARM B&B AKA REFUGE B&B                 B&B               3           0        1998    100     0   0   0   L       2006
                      ARECA PALMS ESTATE BED & BREAKFAST            B&B               4           0        1990     20    80   0   0   F       2006
                      BAYVIEW INN BED & BREAKFAST                   B&B               4           0        1999     80    20   0   0   L       2006
                      BEAUTIFUL EDGE OF THE WORLD BED & BREAKFAST   B&B               3           0        1999    100     0   0   0   F       2006
                      CAMP ALOHA BED & BREAKFAST                    B&B               1           0        2002    100     0   0   0   L       2006
                      CEDAR HOUSE BED & BREAKFAST                   B&B               5           0        1996     77    33   0   0   NA      2006
                      DA THIRD HOUSE BED & BREAKFAST                B&B               1           0        1988    100     0   0   0   F       2006
                      HALE HOOLA BED & BREAKFAST                    B&B               3           0        1984     67    33   0   0   NA      2006
                      HALE KIPA O PELE                              B&B               4           0        1994      0   100   0   0   F       2006
                      HAWAIIAN OASIS B & B                          B&B               4           0        1995      0   100   0   0   F       2006
                      HOLUALOA INN                                  B&B               6           0        1987      0   100   0   0   F       2006
                      HORIZON GUEST HOUSE                           B&B               4           0        1998      0   100   0   0   L       2006
                      KALOKO FOREST B&B                             B&B               1           0        1989      0   100   0   0   NA      2006
                      KEALAKEKUA BAY BED & BREAKFAST                B&B               5           0        1993     50    50   0   0   F       2006
                      KOKOE LANI BED & BREAKFAST INN                B&B               3           0        1997      0   100   0   0   F       2006
                      LION'S GATE BED & BREAKFAST                   B&B               3           0        1994      0   100   0   0   L       2004
                      NAIA ALOHA LODGE B&B                          B&B               4           0        2001     75    25   0   0   NA      2006
                      NANCY'S HIDEAWAY                              B&B               2           0        2000      0   100   0   0   F       2006
                      PU’UKALA LODGE BED & BREAKFAST                B&B               4           0        1997      0   100   0   0   L       2006
                      RAINBOW PLANTATION B&B                        B&B               5           0        1995    100     0   0   0   F       2006
                      SILVER OAKS RANCH BED & BREAKFAST             B&B               4           0        1998      0   100   0   0   F       2006
36




                      SLEEPY HOLLOW BED & BREAKFAST                 B&B               3           0        1996      0   100   0   0   F       2003
                      ALII VILLAS                                   Condo/hotel      70           0        1973     10    90   0   0   B       2006
                      BANYAN TREE CONDOMINIUM                       Condo/hotel      15           0        1978      0   100   0   0   F       2006
                      CASA DE EMDEKO                                Condo/hotel      85         -17        1970      0   100   0   0   NA      2006
                      COUNTRY CLUB VILLA                            Condo/hotel      30           0        1979      0   100   0   0   F       2003
                      HALE KONA KAI                                 Condo/hotel      32           0        1972      0   100   0   0   F       2006
                      HALE O’ KONA KAI OCEANSIDE RETREAT            Condo/hotel       1           0        1986      0   100   0   0   F       2006
                      KEAUHOU RESORT CONDOMINIUM                    Condo/hotel      18           0        1972     89    11   0   0   F       2006
                      KONA ISLANDER INN                             Condo/hotel     102           0        1969    100     0   0   0   L       2005
                      KONA ISLE                                     Condo/hotel      52           0        1972    100     0   0   0   B       2006
                      KONA PLAZA                                    Condo/hotel      21           0        1973    100     0   0   0   B       2003
                      KONA REEF                                     Condo/hotel      57         +57        1981      0    84 16    0   L       2006
                      KONA BALI KAI                                 Condo/hotel      72         -87        1977      0    50 50    0   F       2006
                      OUTRIGGER KANALOA AT KONA                     Condo/hotel      83           0        1980      0    11 89    0   F       2006
                      OUTRIGGER ROYAL SEA CLIFF                     Condo/hotel      66         -10        1982      0    80 19    1   NA      2006
                      RESORTQUEST KONA BY THE SEA                   Condo/hotel      74          +4        1982      0     0 100   0   B       2006
                      SEA VILLAGE CONDOMINIUM RESORT                Condo/hotel     125           0        1975     50    50   0   0   B       2005
                      SUN N SURF KONA CONDOS, SEA VILLAGE CONDOS    Condo/hotel     132           0        1998      0   100   0   0   NA      2005
                      FOUR SEASONS RESORT - HUALALAI                Hotel           243           0        1996      0     0   0 100   B       2006
                      KING KAMEHAMEHA'S KONA BEACH HOTEL            Hotel           460           0        1975      0   100   0   0   B       2006
                      KONA HOTEL                                    Hotel            11           0        1926    100     0   0   0   F       2006
                      KONA SEASIDE HOTEL                            Hotel           225           0        1960    100     0   0   0   L       2003
                      KONA VILLAGE RESORT                           Hotel           126          +1        1965      0     0 22 78     L       2006
                      MANAGO HOTEL                                  Hotel            64           0        1917    100     0   0   0   F       2006
                      OUTRIGGER KEAUHOU BEACH RESORT                Hotel           311           0        1970      0    97   2   1   L       2006
                      ROYAL KONA RESORT                             Hotel           436           0        1968      0    75 25    0   L       2006
                      SHERATON KEAUHOU BAY RESORT & SPA             Hotel           521           0        1971      0     0 90 10     F       2006
                      UNCLE BILLY'S KONA BAY HOTEL                  Hotel           143           0        1975    100     0   0   0   F       2006
                      2 KONA OCEANFRONT RENTAL HOMES                IVU               2           0        1994      0    50 50    0   F       2005
                      2BDR/2BTH                                     IVU               1           0        2002      0     0 100   0   F       2006
                      BANANA PATCH DIVERSIFIED                      IVU               2           0        1984     50    50   0   0   F       2006
                                                        2006 CURRENT VISITOR PLANT INVENTORY
                                                                                               AVAILABLE    CHANGE               %     %      %   % PROP      LAST
     ISLAND    AREA            NAME                                              TYPE            UNITS     FROM 2005   OPENED    B     S      D    L TYPE   RESPONSE

     HAWAI‘I   KONA            BIG ISLAND BAY VACATION HOME                      IVU               1           0        1993      0   100     0   0   F       2006
                               BIG ISLAND RETREAT                                IVU               4           0        1992    100     0     0   0   F       2006
                               HALE E KOMO MAI                                   IVU               1           0        1995      0     0     0 100   F       2006
                               HALE KAI O KONA                                   IVU               5           0        1983      0     0   100   0   F       2003
                               HALE MALUHIA COUNTRY INN                          IVU               1           0        1992      0   100     0   0   F       2004
                               HALE NAIA                                         IVU               1           0        1994      0   100     0   0   NA      2006
                               HALE NAIA MANA (HOUSE OF THE DOLPHIN SPIRIT)      IVU               1           0        2002    100     0     0   0   F       2006
                               HAWAI‘IBEACH.COM                                  IVU              15           0        1995     24    33    33 10    F       2006
                               HOLUALOA BAY VILLAS                               IVU               8           0        1981     50    50     0   0   F       2004
                               I. ROBERTSON'S HISTORIC PLANT. MGRS HOUSE         IVU               1           0        1999      0     0     0 100   NA      2006
                               I. ROBERTSON'S SEASIDE COTTAGE                    IVU               1           0        1999      0     0   100   0   NA      2006
                               KAHAIO RANCH GUESTHOUSE                           IVU               1           0        1997      0   100     0   0   F       2006
                               KANALOA AT KONA #1002                             IVU               1           0        2001      0   100     0   0   F       2006
                               KEALAKEKUA OCEANFRONT RENTALS                     IVU               1           0         NA       0   100     0   0   NA      2004
                               KEAUHOU AKAHI                                     IVU              20           0        1974    100     0     0   0   F       2005
                               KEAUHOU PUNAHELE I & II                           IVU              41           0        1980      0   100     0   0   F       2006
                               KONA ALII                                         IVU              48           0        1974     40    60     0   0   B       2006
                               KONA BEACH CONDO                                  IVU               1           0        1963    100     0     0   0   F       2006
                               KONA BEACH HOUSE                                  IVU               1           0         NA       0     0   100   0   F       2006
                               KONA MAGIC SANDS                                  IVU              37           0         NA       0   100     0   0   F       2004
                               KONA MAKAI RESORT                                 IVU              74           0        1978    NA    NA    NA NA     L       2006
                               KONA NALU                                         IVU               7           0        1980      0     0   100   0   F       2006
                               KONA RIVIERA VILLA                                IVU               9           0        1970    100     0     0   0   F       2006
                               KONA SHORES #117                                  IVU               1           0        2000    100     0     0   0   F       2006
37




                               KONA WEST CONDO                                   IVU               1           0        1976    100     0     0   0   F       2003
                               LEILANI                                           IVU               1           0        2003      0   100     0   0   F       2004
                               LUKELA'S                                          IVU               2           0        1996     50    50     0   0   F       2006
                               MAKOLEA                                           IVU               2           0        1991    100     0     0   0   NA      2003
                               MALUHIA HALE                                      IVU               1           0        1992      0   100     0   0   F       2006
                               PARADISE POINT                                    IVU               1           0        1996    100     0     0   0   B       2003
                               ROYAL KAHILI                                      IVU              17           0        1975    100     0     0   0   F       2004
                               TARA COTTAGE                                      IVU               1           0        1997      0   100     0   0   F       2005
                               THE DOLPHIN RETREAT                               IVU               1           0        1998      0     0   100   0   NA      2006
                               THE VILLAGES AT MAUNA LANI - 3 BEDROOM 3.5 BATH   IVU              15           0          NA      0     0     0 100   NA      2006
                               WESTWINDS KONA AKUA HOUSE                         IVU               1           0        1997      0   100     0   0   F       2004
                               KEMA KAMA                                         Other             2           0        2001    100     0     0   0   L       2006
                               WAIAHA HOUSE                                      Other             1           0        1989      0   100     0   0   F       2006
                               WHITE SANDS VILLAGE                               Other            68           0        1976     15    50    35   0   F       2006
                               HOLUA RESORT AT THE MAUNA LOA VILLAGE             Timeshare        73           0        1988      0   100     0   0   L       2005
                               KEAUHOU GARDENS CONDOMINIUM                       Timeshare        68           0        1981      0   100     0   0   F       2005
                               KEAUHOU KONA SURF & RACQUET CLUB                  Timeshare       193           0        1976     70    30     0   0   B       2003
                               KONA BILLFISHER                                   Timeshare        65           0        1977    100     0     0   0   F       2004
                               KONA COAST RESORT AT KEAUHOU GARDENS              Timeshare       195           0        1991      0   100     0   0   F       2005
                               KONA HAWAIIAN VILLAGE                             Timeshare        78           0        2001      0     0   100   0   B       2003
                               MAUNA LOA VILLAGE                                 Timeshare        53           0        1991      0   100     0   0   L       2005
                               VACATION INTERNATIONALE                           Timeshare        28           0        1977    NA    NA    NA NA     NA      2004
                               WORLDMARK AT KONA                                 Timeshare        64           0        1997    NA    NA    NA NA     F       2005
               NĀ‘ĀLEHU/KA‘U   BECKY'S BED & BREAKFAST                           B&B               3           0        1991    100     0     0   0   F       2003
                               BOUGAINVILLEA BED & BREAKFAST                     B&B               4           0        1991    100     0     0   0   F       2006
                               HOBBIT HOUSE                                      B&B               1           0        1995      0   100     0   0   F       2006
                               MACADAMIA MEADOWS FARM B & B                      B&B               5           0        1997     60    40     0   0   F       2006
                               COLONY ONE AT SEA MOUNTAIN, PUNALUU               Condo/hotel      49           0        1976     31    69     0   0   F       2003
                               HALE ALOHA AINA                                   IVU               1           0         NA       0   100     0   0   NA      2006
                               HEALING ISLAND OASIS ORCHARDS RETREAT HOUSE       Other             1           0         NA      50    50     0   0   F       2006
                               SHIRAKAWA MOTEL                                   Other            12           0        1928    100     0     0   0   F       2006
                                                       2006 CURRENT VISITOR PLANT INVENTORY
                                                                                       AVAILABLE    CHANGE               %     %     %   % PROP      LAST
     ISLAND    AREA             NAME                                         TYPE        UNITS     FROM 2005   OPENED    B     S     D    L TYPE   RESPONSE

     HAWAI‘I   VOLCANO AREA     ALOHA JUNCTION BED & BREAKFAST               B&B           4           0        2000    100     0    0   0   F       2006
                                AT THE END OF THE ROAD BED & BREAKFAST       B&B           2           0        2002    100     0    0   0   NA      2006
                                BAMBOO ORCHID COTTAGE                        B&B           4           0        2004      0   100    0   0   F       2006
                                BED & BREAKFAST MOUNTAIN VIEW                B&B           4           0        1995     50    50    0   0   F       2006
                                COUNTRY GOOSE                                B&B           2           0        1989    100     0    0   0   F       2003
                                HALE KILAUEA                                 B&B           5           0        1988     40    60    0   0   F       2006
                                HALE MAKAMAE BED & BREAKFAST                 B&B           3           0        2000     66    33    0   0   F       2006
                                HALE OHIA COTTAGES                           B&B           8           0        1930     20    80    0   0   F       2006
                                HAWAI‘I VOLCANOES B & B                      B&B           6           0        1990    100     0    0   0   F       2004
                                JADE GARDEN BED & BREAKFAST                  B&B           2           0        1991     50    50    0   0   F       2006
                                KIA’IKAI BED & BREAKFAST                     B&B           3           0        1996      0   100    0   0   F       2006
                                VOLCANO CEDAR COTTAGE - VOLCANO VILLAGE      B&B           3           0        2000    100     0    0   0   F       2006
                                VOLCANO COUNTRY COTTAGES                     B&B           2           0        1997     50    50    0   0   F       2006
                                VOLCANO GUEST HOUSE                          B&B           5           0        1986     80    20    0   0   F       2006
                                VOLCANO LAVA LODGE ACCOMMODATIONS            B&B           5           0        1989     20    80    0   0   F       2006
                                VOLCANO RAINFOREST RETREAT BED & BREAKFAST   B&B           4           0        1995      0   100    0   0   F       2006
                                HOLO HOLO INN                                Hostels       4           0        1989    100     0    0   0   F       2006
                                VOLCANO HOUSE                                Hotel        42           0        1941      5    95    0   0   L       2006
                                #1 KAIMU BAY                                 IVU           1           0        1984      0   100    0   0   F       2006
                                8 MANGO HOUSE/8 ORCHIDS HOUSE                IVU           1           0        2002      0   100    0   0   NA      2006
                                8 PALMS VACATION HOME                        IVU           1           0        2000      0   100    0   0   F       2006
                                A COTTAGE IN PARADISE                        IVU           2           0        2001    100     0    0   0   F       2003
                                A’ALANI VOLCANO HEART HAWAI‘I                IVU           3           0        1987    100     0    0   0   F       2006
                                CAREN'S PLACE (HALE IIWI)                    IVU           1           0        2001      0   100    0   0   NA      2006
38




                                CARSON'S VOLCANO COTTAGE                     IVU          11           0        1988      0   100    0   0   F       2006
                                HALE MAUNA LOA                               IVU           1           0        2001      0   100    0   0   NA      2006
                                KAPOHO JOES BEACH HOUSE                      IVU           1           0        2004      0   100    0   0   F       2006
                                PAHALA PLANTATION COTTAGES                   IVU          10           0        1999      0   100    0   0   F       2006
                                THE DOME (HALE POEPOE)                       IVU           1           0        2004      0   100    0   0   F       2006
                                VOLCANO PLACES                               IVU           4           0        1997     25    75    0   0   F       2006
                                VOLCANO TEAPOT COTTAGE                       IVU           1           0        1996      0   100    0   0   F       2006
                                THE CHALET KILAUEA COLLECTION                Other        20           0        1990     40    40   20   0   F       2006
                                KILAUEA LODGE                                Other        14           0        1988      0   100    0   0   F       2006
                                MY ISLAND B & B INN                          Other        12           0        1986    100     0    0   0   F       2006
                                VOLCANO HOUSE: NAMAKANI PAIO CABINS          Other        10           0         NA     100     0    0   0   L       2006
                                VOLCANO INN                                  Other        10           0        1990    100     0    0   0   F       2006

     KAUA‘I    KALĀHEO/WAIMEA   HALE IKENA NUI                               B&B           1           0        1994    100     0   0   0    F       2006
                                KAUA‘I BANYAN INN                            B&B           5          +5         NA       0   100   0   0    F       2006
                                SOUTH SHORE VISTA                            B&B           1           0        1989    100     0   0   0    F       2006
                                STRAWBERRY GUAVA                             B&B           3           0        1992    100     0   0   0    F       2003
                                WAIMEA PLANTATION COTTAGES                   Hotel        58           0        1984      0    36 62    2    F       2006
                                ALOHA ESTATES AT KALAHEO PLANTATION          IVU           6           0        1995    100     0   0   0    F       2006
                                ALOHA KAUA‘I VILLAS RESORT                   IVU           3           0        2003      0     0 33 66      F       2006
                                ANDERSON'S HALE NALU                         IVU           2           0        2001      0   100   0   0    F       2006
                                CLASSIC VACATION COTTAGES                    IVU           4           0        1987    100     0   0   0    F       2006
                                HALE KUA                                     IVU           5           0        1993      0   100   0   0    F       2004
                                HAWAIIAN PARADISE                            IVU           1           0        1999    NA    NA NA NA       F       2003
                                KAI NALU                                     IVU           1           0         NA       0     0 100   0    F       2006
                                KALA COTTAGE                                 IVU           1           0         NA       0   100   0   0    F       2004
                                KALAHEO INN                                  IVU          15           0        1998     80    20   0   0    F       2006
                                KAUA‘I GARDEN COTTAGES                       IVU           1           0         NA     100     0   0   0    F       2006
                                KOKEE LODGE                                  IVU          12           0        1950    100     0   0   0    L       2006
                                MINDY'S VACATION RENTAL                      IVU           1           0        1989    100     0   0   0    L       2006
                                PAKALA PLANTATION ESTATE                     IVU           1           0         NA       0     0   0 100    F       2006
                                                        2006 CURRENT VISITOR PLANT INVENTORY
                                                                                               AVAILABLE    CHANGE               %     %      %   % PROP      LAST
     ISLAND   AREA               NAME                                            TYPE            UNITS     FROM 2005   OPENED    B     S      D    L TYPE   RESPONSE

     KAUA‘I   KALĀHEO/WAIMEA     SEAVIEW SUITE                                   IVU               1           0        1991      0     0     0   0   F       2006
                                 TRADEWINDS COTTAGE                              IVU               1           0         NA       0   100     0   0   F       2006
                                 TROPICAL VACATION COTTAGE                       IVU               1           0        1993    100     0     0   0   F       2006
                                 TWIN PALMS                                      IVU               1           0         NA       0   100     0   0   F       2004
                                 CORAL BY THE SEA                                Other             1           0        1991    100     0     0   0   F       2006
              KAUA‘I OTHER       BEACH COTTAGE                                   B&B               1           0        1983    100     0     0   0   NA      2005
              LĪHU‘E             BANYAN HARBOR RESORT                            Condo/hotel      65           0        1978      0   100     0   0   F       2005
                                 CASTLE KAHA LANI                                Condo/hotel      46           0        1977      0    21    16   0   F       2003
                                 HALE AWAPUHI                                    Condo/hotel       4           0         NA       0   100     0   0   F       2004
                                 HILTON KAUA‘I BEACH RESORT                      Condo/hotel     345           0        1986      0    99     1   0   F       2006
                                 KAUA‘I BEACH VILLAS                             Condo/hotel     121           0        1982      0    90    10   0   F       2006
                                 GARDEN ISLAND INN                               Hotel            23           0        1988     70    30     0   0   F       2006
                                 KAUA‘I INN                                      Hotel            42           0        1890     80    20     0   0   F       2006
                                 KAUA‘I MARRIOTT RESORT & BEACH CLUB             Hotel           356           0        1987      0    10    80 10    F       2006
                                 KAUA‘I PALMS HOTEL                              Hotel            24          +6          NA    100     0     0   0   NA      2006
                                 TIP TOP MOTEL                                   Hotel            32           0        1965    100     0     0   0   F       2004
                                 BALI HAI DREAM HOUSE                            IVU               1           0         NA       0     0     0 100   F       2006
                                 HALELEA AT PUU POA-HOUSE OF HAPPINESS           IVU               1           0        2002      0   100     0   0   F       2006
                                 KAHILI MOUNTAIN PARK                            IVU              30           0        1965    100     0     0   0   F       2006
                                 KAUA‘I BEACH VILLAS F-10                        IVU               1           0        1979      0   100     0   0   F       2004
                                 PALI KAI COTTAGES                               IVU               4           0         NA       0    50    50   0   F       2004
                                 PALI KAI OCEANBLUFF COTTAGE                     IVU               1           0          NA      0   100     0   0   NA      2006
                                 MOTEL LANI, INC.                                Other             8           0        1966    100     0     0   0   L       2006
              PO‘IPŪ/KUKUI‘ULA   HIDEAWAY COVE VILLAS                            Apt/hotel         3           0        2000      0    75    25   0   NA      2006
39




                                 BAMBOO JUNGLE HOUSE                             B&B               3           0        2002      0   100     0   0   NA      2006
                                 DE LUXE GUEST HOUSE & WELLNESS RESORT           B&B               4           0        2003      0   100     0   0   NA      2006
                                 GLORIA'S SPOUTING HORN BED & BREAKFAST          B&B               3           0        1986      0     0   100   0   F       2006
                                 MARJORIE'S KAUA‘I INN                           B&B               3           0        1993      0   100     0   0   F       2006
                                 OMA’O HONEYMOON COTTAGE                         B&B               1           0          NA      0   100     0   0   NA      2006
                                 POIPU BED & BREAKFAST INN & VAC. RENTAL         B&B               8           0        1988      0   100     0   0   F       2006
                                 POIPU INN B&B                                   B&B               4           0        1987      0   100     0   0   F       2004
                                 ASTON MANUALOHA AT POIPU KAI                    Condo/hotel      73         -21        1980      0   100     0   0   F       2006
                                 BAYVIEW 9                                       Condo/hotel       1           0        1981      0   100     0   0   F       2003
                                 CASTLE KIAHUNA PLANTATION & BEACH BUNGALOWS     Condo/hotel     140           0         NA     NA    NA    NA NA     NA      2006
                                 CASTLE POIPU SHORES                             Condo/hotel      39           0        1976      0    50    50   0   F       2006
                                 CRESTVIEW 7                                     Condo/hotel       1           0        1981      0     0   100   0   F       2003
                                 KAUA‘I CONDOS-POIPU KAI                         Condo/hotel      29          +3         NA       0     0   100   0   NA      2006
                                 KIAHUNA BEACHSIDE                               Condo/hotel      26           0        2001      0     0   100   0   NA      2004
                                 KUHIO SHORES AT POIPU (MULTIPLE MANAGERS)       Condo/hotel      50           0        1981      0     0   100   0   F       2003
                                 LANAI VILLAS #43                                Condo/hotel       1           0        1981      0     0   100   0   F       2003
                                 NIHI KAI VILLAS (MULTIPLE MANAGERS)             Condo/hotel      60           0         NA       0    95     5   0   F       2006
                                 OUTRIGGER KIAHUNA PLANTATION                    Condo/hotel     193           0        1972      0    56    42   2   L       2006
                                 POIPU CRATER RESORT                             Condo/hotel      20           0        1980     75    25     0   0   F       2004
                                 POIPU KAPILI CONDOMINIUMS                       Condo/hotel      47          +1        1981      0    46    48   6   F       2006
                                 PRINCE KUHIO CONDOMINIUM                        Condo/hotel      15           0         NA      50    50     0   0   F       2004
                                 PRINCE KUHIO RESORT                             Condo/hotel      65           0        1960     15    85     0   0   F       2006
                                 RESORTQUEST AT POIPU KAI                        Condo/hotel     295           0        1980      0    50    45   5   F       2006
                                 SUNSET KAHILI CONDOMINIUM (MULTIPLE MANAGERS)   Condo/hotel      29           0        1968      0   100     0   0   L       2003
                                 THE MAKAHUENA                                   Condo/hotel      45         +15         NA       0    75    25   0   F       2006
                                 WAIKOMO STREAM VILLAS                           Condo/hotel      45           0        1981     19    81     0   0   F       2006
                                 WHALER'S COVE AT POIPU                          Condo/hotel      29           0         NA       0     0   100   0   F       2003
                                 GRAND HYATT KAUA‘I RESORT & SPA                 Hotel           602           0        1990      0     0    35 65    F       2006
                                 POIPU PLANTATION RESORT                         Hotel            13           0        1979     25    75     0   0   F       2006
                                 SHERATON KAUA‘I RESORT                          Hotel           393         -19        1968      0     0    97   3   B       2006
                                 AIKANE KAUA‘I VACATION RENTAL                   IVU               1           0        2001      0   100     0   0   F       2006
                                                         2006 CURRENT VISITOR PLANT INVENTORY
                                                                                   AVAILABLE    CHANGE              %     %      %     % PROP      LAST
     ISLAND   AREA               NAME                                     TYPE       UNITS     FROM 2005   OPENED   B     S      D      L TYPE   RESPONSE

     KAUA‘I   PO‘IPŪ/KUKUI‘ULA   AKAHAIAHI                                IVU          1           0          NA     0     0   100     0   NA      2006
                                 AMNEUS - APT.                            IVU          1           0          NA     0   100     0     0   NA      2006
                                 AMNEUS HOUSE                             IVU          1           0        1988     0     0   100     0   F       2006
                                 BABY BEACH BUNGALOW 1                    IVU          1           0        2002     0   100     0     0   F       2006
                                 BABY BEACH BUNGALOW 2                    IVU          1           0        2002     0   100     0     0   F       2006
                                 BEACH HOUSE                              IVU          2           0          NA     0   100     0     0    NA     2005
                                 BEACH PLACE DUPLEX                       IVU          1           0         NA      0   100     0     0   F       2006
                                 BEACHSIDE POIPU HALE                     IVU          2           0        1994     0     0   100     0   F       2006
                                 BRENNECKE'S BEACH COTTAGE                IVU          1           0        1993     0     0   100     0   F       2006
                                 COASTLINE COTTAGES                       IVU          4           0        1996     0     0    80    20   F       2003
                                 DONOHUGH COTTAGE                         IVU          1           0        1988     0     0   100     0   F       2006
                                 GARDEN ISLE COTTAGES OCEANFRONT          IVU          2           0        1974     0   100     0     0   F       2006
                                 HALE A KAI                               IVU          1           0         NA      0     0     0   100   F       2006
                                 HALE ANELA                               IVU          1           0         NA      0   100     0     0   F       2004
                                 HALE ANI                                 IVU          1           0        2000     0     0   100     0   F       2006
                                 HALE ELENA                               IVU          1           0         NA      0   100     0     0   F       2006
                                 HALE HALOKO KAI                          IVU          1           0        2000     0   100     0     0   F       2006
                                 HALE HAUOLI                              IVU          1           0         NA      0     0   100     0   F       2006
                                 HALE HOLU KAI (SUNSET KAHILI #201)       IVU          1           0          NA     0   100     0     0   NA      2006
                                 HALE ILIKAI                              IVU          1           0        2002     0     0     0   100   F       2006
                                 HALE KAHANALU #6                         IVU          1           0        1968     0   100     0     0   F       2006
                                 HALE KAI                                 IVU          1           0        1980     0     0   100     0   F       2006
                                 HALE KIPUKA                              IVU          1           0        1999     0   100     0     0   F       2005
                                 HALE KUMAKANI                            IVU          1           0         NA      0   100     0     0   F       2006
40




                                 HALE LUANA                               IVU          1           0        1984     0     0     0   100   F       2006
                                 HALE MAANA HOU                           IVU          1           0        1988     0     0     0   100   F       2006
                                 HALE MAHANA KAI                          IVU          1           0        2002     0     0   100     0   F       2006
                                 HALE MALANAI                             IVU          1           0        1993     0   100     0     0   F       2006
                                 HALE MOANA                               IVU          1           0        1988     0     0   100     0   F       2006
                                 HALE NALU                                IVU          1           0        1994     0     0     0   100   F       2006
                                 HALE NANI                                IVU          1           0        1993     0     0   100     0   F       2006
                                 HALE NUU                                 IVU          2           0        2002     0   100     0     0   F       2006
                                 HALE O KA NALU POI                       IVU          1           0        2003     0     0     0   100   F       2006
                                 HALE OHE                                 IVU          1           0        1990     0     0   100     0   F       2006
                                 HALE POHAKU                              IVU          6          +2         NA      0   100     0     0   F       2006
                                 HANA HOU HALE                            IVU          1           0        2003     0     0     0   100   F       2006
                                 HONU LANI                                IVU          1           0        1998     0     0     0   100   F       2006
                                 HO’O WALEA                               IVU          1           0        2000     0     0     0   100   F       2006
                                 KAHALE KAI                               IVU          1           0        1990     0     0     0   100   F       2006
                                 KAI LANI                                 IVU          1           0        2003     0     0     0   100   F       2006
                                 KAI NUI                                  IVU          1           0         NA      0     0   100     0   F       2006
                                 KALAEKIKI                                IVU          1           0        2002     0     0     0   100   F       2006
                                 KAUA‘I ISLAND HOME, INC                  IVU          4           0        1979    90    10     0     0   F       2004
                                 KEONELOA HOUSE                           IVU          1           0         NA      0   100     0     0   F       2006
                                 KIAHUNA HALE                             IVU          1           0          NA     0     0   100     0   NA      2006
                                 KIAHUNA PARADISE                         IVU          1           0        2003     0     0   100     0   F       2006
                                 KIAHUNA SUNSET HOUSE                     IVU          1           0          NA     0     0   100     0   NA      2006
                                 KOLOA LANDING COTTAGES                   IVU          5           0        1979    40    60     0     0   F       2006
                                 KUPONO KAI                               IVU          1           0        1998     0   100     0     0   F       2006
                                 LITTLE GRASS SHACK                       IVU          1           0         NA      0   100     0     0   F       2006
                                 MALUHIA                                  IVU          1           0        2000     0     0   100     0   F       2006
                                 NANI KAI                                 IVU          1           0         NA      0     0   100     0   F       2006
                                 OMAO COTTAGE HIDEAWAY                    IVU          1           0          NA     0   100     0     0   NA      2006
                                 PLANTATION COTTAGE                       IVU          1           0        1997     0   100     0     0   F       2006
                                 POIPU BEACH HALE                         IVU          1           0        1996     0     0   100     0   F       2006
                                                           2006 CURRENT VISITOR PLANT INVENTORY
                                                                                                AVAILABLE    CHANGE              %   %    %     % PROP      LAST
     ISLAND   AREA                  NAME                                          TYPE            UNITS     FROM 2005   OPENED   B   S    D      L TYPE   RESPONSE

     KAUA‘I   PO‘IPŪ/KUKUI‘ULA      POIPU BEACH SURFSONG                          IVU               4           0        1998   75 25     0     0   F       2006
                                    POIPU BUNGALOWS                               IVU               2           0         NA     0 100    0     0   F       2006
                                    POIPU KAHALA CONDO RENTALS                    IVU               1           0         NA     0 100    0     0   NA      2006
                                    POIPU MAIKAI A-1                              IVU               1           0          NA    0 100    0     0   NA      2006
                                    POIPU MAKAI #D1                               IVU               1           0         NA     0 100    0     0   NA      2005
                                    POIPU MAKAI (MULTIPLE MANAGERS)               IVU               2           0         NA     0 100    0     0   F       2006
                                    POIPU MAKAI C-1                               IVU               1           0        2002    0 100    0     0   L       2006
                                    POIPU VACATION HOME - NANEA KAI AT POIPU      IVU               1           0        2001    0 100    0     0   F       2006
                                    PUA HALE                                      IVU               1           0         NA     0 100    0     0   F       2006
                                    PUA LEA                                       IVU               1           0         NA     0    0 100     0   F       2006
                                    REGENCY II #914                               IVU               1           0        2001    0    7 79     14   F       2006
                                    REGENCY II #922                               IVU               1           0        2001    0    7 79     14   F       2006
                                    REGENCY II #924                               IVU               1           0        2001    0    7 79     14   F       2006
                                    SANDY BEACH HOUSE                             IVU               1           0         NA     0    0   0   100   F       2006
                                    STONE HOUSE AT THE BEACH                      IVU               1           0        1984    0    0   0   100   F       2006
                                    SUNSET KAHILI #204                            IVU               1           0        2002    0 100    0     0   F       2005
                                    SUNSET KAHILI #406                            IVU               1           0          NA    0 100    0     0   NA      2005
                                    TURTLE COVE SUITES                            IVU               5           0         NA     0 50 50        0   F       2006
                                    TURTLE'S NEST                                 IVU               1           0        1993    0 100    0     0   F       2006
                                    VACATION HOMES OF KAUA‘I                      IVU              32           0        1984    0 34 50       16   F       2006
                                    VILLA KAILANI                                 IVU               4          +3        1995    0    0   0   100   F       2006
                                    WAIOHAI BEACH HOUSE                           IVU               1           0         NA     0    0   0   100   F       2006
                                    HALE HOKU OCEANFRONT HIDEAWAY                 Other             1           0         NA     0    0 100     0   F       2004
                                    POIPU SHORES #101A                            Other             1           0         NA     0    0 100     0   F       2005
41




                                    SMITH-WATERHOUSE BEACH HOMES - KAUA‘I         Other             4           0        1983    0    0 100     0   F       2006
                                    EMBASSY VACATION RESORTS KAUA‘I-POIPU POINT   Timeshare       210         +10         NA     0    0 100     0   F       2006
                                    LAWAI BEACH RESORT                            Timeshare       176           0        1980    0 100    0     0   F       2005
                                    MARRIOTT WAIOHAI BEACH CLUB                   Timeshare       230           0        2003    0    0 100     0   F       2004
              PRINCEVILLE/HANALEI   HANALEI INN                                   Apt/hotel         4           0        1960 100     0   0     0   F       2006
                                    ALOHA PLANTATION                              B&B               3           0        1999 66.6 33.3   0     0   F       2006
                                    BED & BREAKFAST & BEACH AT HANALEI BAY        B&B               2           0        1985 100     0   0     0   F       2006
                                    GREEN ACRES COTTAGES                          B&B               3           0         NA 100      0   0     0   NA      2006
                                    HALE AHA AT PRINCEVILLE                       B&B               4           0        1990    0 75 25        0   F       2006
                                    HALE HOO MAHA “HOUSE OF REST”                 B&B               4           0        1986    0 100    0     0   F       2006
                                    HALE LUANA BED & BREAKFAST                    B&B               2           0        1999 100     0   0     0   F       2006
                                    HALE MANU                                     B&B               1           0        1994 100     0   0     0   F       2006
                                    HANALEI BAY KAUA‘I - STAN'S B&B               B&B               1           0        1993    0 100    0     0   NA      2006
                                    RIVER SONG B&B                                B&B               2           0        1990    0 100    0     0   F       2006
                                    TESSIE'S PLACE CONDO                          B&B               1           0        2000 100     0   0     0   F       2006
                                    THE HISTORIC B&B                              B&B               3           0        1995 100     0   0     0   F       2004
                                    ALII KAI (MULTIPLE OWNERS)                    Condo/hotel      20           0        1974    0 100    0     0   F       2006
                                    CLIFFS AT PRINCEVILLE, THE                    Condo/hotel     165           0        1979    0 75 25        0   B       2006
                                    CLIFFS CONDOMINIUM APARTMENTS                 Condo/hotel     200           0        1981    0 100    0     0   L       2004
                                    EMMALANI #110                                 Condo/hotel       1           0          NA    0    0 100     0   NA      2005
                                    EMMALANI COURT #224                           Condo/hotel       1           0        2005    0 100    0     0   NA      2005
                                    EMMALANI COURT #421                           Condo/hotel       1           0        2005    0 100    0     0   NA      2005
                                    HALE MOI CONDOMINIUMS                         Condo/hotel      10           0        1979 100     0   0     0   F       2006
                                    HANALEI BAY RESORT                            Condo/hotel     134         -91        1978   15 60 20        5   F       2006
                                    HANALEI BAY VILLAS                            Condo/hotel      37           0        1976    0 100    0     0   F       2006
                                    HANALEI COLONY RESORT                         Condo/hotel      48           0        1969    0 70 30        0   F       2005
                                    KAEO KAI 1-A                                  Condo/hotel       1           0          NA    0 100    0     0   NA      2005
                                    KAMAHANA CONDOMINIUM                          Condo/hotel      10           0        1980    0 100    0     0   F       2006
                                    PALI KE KUA                                   Condo/hotel      68           0        1973    0 60 40        0   B       2006
                                    PLANTATIONS #521                              Condo/hotel       1           0        2005    0 100    0     0   NA      2005
                                    MARC AT PRINCEVILLE                           Condo/hotel      60           0        1985   20 60 20        0   F       2003
                                                           2006 CURRENT VISITOR PLANT INVENTORY
                                                                                               AVAILABLE    CHANGE               %     %      %     % PROP      LAST
     ISLAND   AREA                  NAME                                         TYPE            UNITS     FROM 2005   OPENED    B     S      D      L TYPE   RESPONSE

     KAUA‘I   PRINCEVILLE/HANALEI   PU’U POA                                     Condo/hotel      56           0        1978      0    40    60     0   F       2004
                                    SANDPIPER VILLAGE I                          Condo/hotel       7           0        1980      0   100     0     0   F       2006
                                    SEALODGE AT PRINCEVILLE RESORT               Condo/hotel      86         +46        1999      0   100     0     0   NA      2006
                                    VILLAS OF KAMALII #28                        Condo/hotel       1           0        2005      0   100     0     0   NA      2005
                                    PRINCEVILLE RESORT                           Hotel           252           0        1985      0     0    10    90   L       2006
                                    100 SHADES OF GREEN                          IVU               1           0        2001      0   100     0     0   F       2006
                                    ALOHA HOUSE                                  IVU               1           0        2001      0     0   100     0   F       2006
                                    ALOHA NUI                                    IVU               1           0        2002      0     0   100     0   F       2006
                                    ALOHA UNIT                                   IVU               3           0        1992      0   100     0     0   F       2006
                                    ALOHILANI                                    IVU               1           0          NA      0   100     0     0   NA      2006
                                    ANINI BEACH COTTAGES                         IVU               1           0         NA       0   100     0     0   NA      2006
                                    ANINI MAUKA KAUA‘I VACATION RENTAL COTTAGE   IVU               1           0        2003      0   100     0     0   NA      2006
                                    ANINI VACATION RENTAL                        IVU               1           0        2001      0   100     0     0   F       2006
                                    ANINI VISTA COTTAGE                          IVU               1           0        2004      0     0     0   100   F       2006
                                    ANNIE'S                                      IVU               1           0        1999    100     0     0     0   F       2006
                                    ANN'S HANALEI HOUSE                          IVU               1           0         NA       0   100     0     0   F       2006
                                    AUO COTTAGE                                  IVU               1           0         NA       0   100     0     0   F       2006
                                    AVERY HOUSE                                  IVU               1           0         NA       0     0     0   100   F       2006
                                    BAKER HOUSE                                  IVU               1           0         NA       0     0   100     0   F       2006
                                    BARONI                                       IVU               1           0        1988      0   100     0     0   F       2006
                                    BAYVIEW HOME                                 IVU               1           0         NA       0   100     0     0   F       2006
                                    BOND HOME                                    IVU               1           0         NA       0     0   100     0   F       2006
                                    CHARO'S BALI HAI VILLA                       IVU               1           0         NA       0     0     0   100   F       2006
                                    CHING A FRAME                                IVU               3           0         NA      33    67     0     0   F       2006
42




                                    CHUNG COTTAGE                                IVU               1           0        1970    100     0     0     0   F       2006
                                    EMMALANI KAI                                 IVU               1           0          NA      0     0   100     0   NA      2006
                                    EMMALANI POOL HOUSE                          IVU               1           0        2003      0   100     0     0   F       2006
                                    GARDEN BY THE SEA                            IVU               1           0         NA       0   100     0     0   F       2004
                                    HAENA HALE (KVR)                             IVU               1           0         NA       0     0   100     0   F       2006
                                    HAENA HALE (NSP)                             IVU               1           0         NA       0     0   100     0   F       2006
                                    HAENA PLACE                                  IVU               1           0         NA       0   100     0     0   F       2006
                                    HALE ALEALEA                                 IVU               1           0         NA       0   100     0     0   F       2006
                                    HALE ALOHA (ALALEA)                          IVU               1           0        2000      0     0   100     0   F       2006
                                    HALE ALOHA (KUHIO)                           IVU               1           0        1993    100     0     0     0   F       2006
                                    HALE ANUENUE                                 IVU               1           0         NA       0   100     0     0   F       2006
                                    HALE BALI HAI                                IVU               1           0        2004      0     0   100     0   F       2006
                                    HALE KAI NALU                                IVU               1           0         NA       0   100     0     0   F       2004
                                    HALE KAILANI                                 IVU               1           0         NA       0     0   100     0   F       2006
                                    HALE KALANI                                  IVU               1           0        1970      0     0   100     0   F       2004
                                    HALE KAMALANI                                IVU               1           0         NA       0     0   100     0   F       2006
                                    HALE KIPA GOLF COURSE HOME                   IVU               1           0        1990      0   100     0     0   F       2006
                                    HALE KONO KAI                                IVU               1           0        2003      0     0   100     0   F       2006
                                    HALE LUANA                                   IVU               1           0         NA       0     0   100     0   F       2006
                                    HALE LUANA PIILANI, MALAPUA, IPOLUA          IVU               4           0        1990      0   100     0     0   F       2004
                                    HALE MAHINA                                  IVU               1           0         NA       0     0   100     0   F       2006
                                    HALE MAKAI BEACH COTTAGES                    IVU               4           0        1986      0   100     0     0   F       2006
                                    HALE MAKALA                                  IVU               1           0         NA       0     0   100     0   F       2006
                                    HALE MAKANA                                  IVU               1           0         NA       0     0     0   100   F       2006
                                    HALE MAKANI OLA                              IVU               1           0         NA       0   100     0     0   F       2004
                                    HALE MALA PUA                                IVU               1           0         NA       0   100     0     0   F       2006
                                    HALE MALIA                                   IVU               1           0         NA       0     0     0   100   F       2006
                                    HALE MALUHIA                                 IVU               2           0         NA       0     0     0   100   F       2004
                                    HALE MANA                                    IVU               1           0         NA       0     0   100     0   F       2006
                                    HALE MOANA KAI                               IVU               1           0         NA       0   100     0     0   F       2006
                                    HALE NALU                                    IVU               1           0          NA      0   100     0     0   NA      2006
                                                         2006 CURRENT VISITOR PLANT INVENTORY
                                                                                   AVAILABLE    CHANGE               %     %      %     % PROP      LAST
     ISLAND   AREA                  NAME                                  TYPE       UNITS     FROM 2005   OPENED    B     S      D      L TYPE   RESPONSE

     KAUA‘I   PRINCEVILLE/HANALEI   HALE OHANA                            IVU          1           0        2003      0   100     0     0   F       2006
                                    HALE OLA & HALE OLA GUEST             IVU          2           0         NA       0    50     0    50   F       2006
                                    HALE PUA KAI                          IVU          1           0         NA       0   100     0     0   F       2006
                                    HALE WALEA                            IVU          1           0         NA       0   100     0     0   F       2006
                                    HALE YANGKEY                          IVU          1           0         NA       0     0   100     0   F       2006
                                    HALLOR                                IVU          1           0         NA       0   100     0     0   F       2006
                                    HANALEI HIDEAWAY                      IVU          1           0         NA       0   100     0     0   F       2006
                                    HANALEI OHANA                         IVU          1           0         NA       0   100     0     0   F       2004
                                    HANALEI SUNRISE                       IVU          1           0         NA       0     0   100     0   F       2006
                                    HARPER HOUSE                          IVU          1           0         NA       0   100     0     0   F       2006
                                    HIDEAWAY BAY                          IVU          1           0        2000      0     0   100     0   NA      2006
                                    HIOLANI                               IVU          1           0         NA       0   100     0     0   F       2006
                                    IPO HALE & KUUIPO                     IVU          2           0         NA       0   100     0     0   F       2006
                                    JAMES HOME                            IVU          1           0         NA       0     0     0   100   F       2006
                                    JOHNSON HALE                          IVU          1           0        1997      0   100     0     0   F       2006
                                    JOHNSON HANALEI                       IVU          1           0         NA       0     0     0   100   F       2006
                                    JONES HOME                            IVU          1           0         NA       0     0   100     0   F       2006
                                    JUNGLE WATERFALL HIDEAWAY             IVU          4           0        2004    100     0     0     0   F       2006
                                    KA HALE LEHUA                         IVU          1           0        1989      0     0   100     0   F       2006
                                    KAI MAILE                             IVU          2           0        1990      0   100     0     0   F       2006
                                    KAI MANA                              IVU          1           0        1989      0   100     0     0   NA      2006
                                    KAIOLOHIA                             IVU          1           0         NA       0   100     0     0   F       2006
                                    KALANI VILLA                          IVU          1           0        2003      0     0     0   100   F       2006
                                    KALIHIWAI OCEAN BLUFF                 IVU          1           0         NA       0     0   100     0   F       2006
43




                                    KALIHIWAI RANCH                       IVU          1           0        1996      0   100     0     0   F       2003
                                    KAMEHAMEHA HOUSE                      IVU          1           0         NA       0     0   100     0   F       2006
                                    KAMEHAMEHA VACATION HOME              IVU          1           0         NA       0     0   100     0   F       2006
                                    KANAHA                                IVU          1           0         NA       0     0     0   100   F       2006
                                    KAUIKEOLANI ESTATE                    IVU          1           0        1902      0     0     0   100   F       2006
                                    KEIKI LEO                             IVU          1           0        2002      0     0   100     0   NA      2006
                                    KEONIANA KAI                          IVU          1           0        2001      0     0   100     0   F       2006
                                    KOLEPA KAI                            IVU          1           0        2001      0   100     0     0   F       2006
                                    KOLOHALA                              IVU          1           0         NA     NA    NA    NA    NA    F       2006
                                    KOLOKO COTTAGE                        IVU          1           0        2003      0     0   100     0   F       2006
                                    KUMANO HALE                           IVU          1           0        1995      0   100     0     0   F       2003
                                    KURAOKU HOUSE & KURAOKU COTTAGES      IVU          2          +1        1996      0   100     0     0   F       2006
                                    LANI KAI                              IVU          2           0         NA       0     0     0   100   F       2004
                                    LIHOLIHO HOUSE                        IVU          1           0         NA       0   100     0     0   F       2006
                                    LIHOLIHO VACATION HOME                IVU          1           0         NA       0     0   100     0   F       2005
                                    LOKELANI                              IVU          1           0        1996      0   100     0     0   F       2004
                                    MAKUA HALE & SUITE                    IVU          1           0         NA       0     0   100     0   F       2006
                                    MAKUA HIDEAWAY                        IVU          1           0         NA       0   100     0     0   F       2006
                                    MAKUA MA KE KAI                       IVU          1           0         NA       0     0     0   100   F       2006
                                    MALUHIA HANALEI                       IVU          1           0        1999      0     0   100     0   F       2005
                                    MANGO COTTAGE                         IVU          1           0        1997      0   100     0     0   NA      2006
                                    MARTEN HOUSE                          IVU          1           0         NA       0     0   100     0   F       2006
                                    MENEHUNE HALE                         IVU          1           0        1994      0     0   100     0   NA      2005
                                    MOANA VILLA                           IVU          1           0          NA      0   100     0     0   NA      2006
                                    MOORE                                 IVU          1           0         NA       0     0     0   100   F       2006
                                    MORAN                                 IVU          1           0         NA       0     0   100     0   F       2006
                                    NAKEA COTTAGE (CLIFF)                 IVU          1           0        1987      0   100     0     0   F       2006
                                    NAKEA HOME BOB HALE KAI               IVU          2           0        1975      0     0   100     0   F       2006
                                    NAKEA HOUSE (CLIFF)                   IVU          1           0        1979      0   100     0     0   F       2006
                                    NALANI KAI                            IVU          1           0        2002      0     0   100     0   F       2006
                                    NALU COTTAGE                          IVU          1           0        1997      0     0   100     0   F       2006
                                                            2006 CURRENT VISITOR PLANT INVENTORY
                                                                                      AVAILABLE    CHANGE               %     %      %     % PROP      LAST
     ISLAND   AREA                  NAME                                     TYPE       UNITS     FROM 2005   OPENED    B     S      D      L TYPE   RESPONSE

     KAUA‘I   PRINCEVILLE/HANALEI   NANI NANI HALE                           IVU          1           0         NA       0     0   100     0   F       2006
                                    NOHO KAI AT ANINI BEACH                  IVU          1           0        2000      0     0   100     0   F       2006
                                    OHANA HALE                               IVU          1           0        1994      0   100     0     0   F       2004
                                    OPELU HOUSE                              IVU          2           0         NA       0    50    50     0   F       2003
                                    PALAKA COTTAGE                           IVU          1           0        1995      0   100     0     0   F       2006
                                    PANIOLO                                  IVU          2           0        1980    100     0     0     0   L       2002
                                    PANIOLO COTTAGE                          IVU          1           0        1997      0     0   100     0   F       2006
                                    PARADISE KAUA‘I STYLE                    IVU          1           0        2000    NA    NA    NA    NA    F       2006
                                    PAULELE                                  IVU          1           0         NA       0   100     0     0   F       2006
                                    PLUMERIA MOON                            IVU          1           0         NA       0     0   100     0   NA      2006
                                    POAILANI                                 IVU          1           0          NA      0   100     0     0   NA      2005
                                    PRINCEVILLE RESORT MAUNA KAI #9          IVU          1           0        2001     50    50     0     0   F       2006
                                    PUA NANI                                 IVU          1           0         NA       0     0   100     0   F       2006
                                    PUALANI                                  IVU          1           0          NA    100     0     0     0   NA      2006
                                    PUAMANA                                  IVU         97           0        1981      0   100     0     0   F       2006
                                    PUU ONE                                  IVU          1           0         NA       0     0   100     0   F       2006
                                    RICE HAENA POINT HOUSE                   IVU          1           0         NA       0     0   100     0   F       2006
                                    SALMON HOUSE                             IVU          1           0         NA       0     0   100     0   F       2005
                                    SEALODGE CONDOMINIUM                     IVU         50           0        1975    100     0     0     0   F       2005
                                    SECRET BEACH COTTAGES                    IVU          3           0         NA       0     0   100     0   F       2004
                                    SECRET BEACH HIDEAWAY                    IVU          2           0        1998      0     0   100     0   NA      2003
                                    SLICE OF PARADISE                        IVU          1           0         NA       0   100     0     0   F       2004
                                    SUNSET HALE                              IVU          1           0         NA       0     0   100     0   F       2006
                                    SUNSET HOUSE                             IVU          1           0         NA       0     0   100     0   F       2006
44




                                    SUNSET VACATION HOME                     IVU          1           0         NA       0     0   100     0   F       2006
                                    SYLVIA'S TOWER                           IVU          1           0         NA       0   100     0     0   F       2006
                                    TARO PLANTATION                          IVU          1           0         NA       0     0     0   100   F       2006
                                    THE COVE                                 IVU          1           0         NA       0     0     0   100   F       2006
                                    THE JUNGLE CABANA                        IVU          1           0         NA       0   100     0     0   F       2006
                                    THE MILLER HOUSE AT HANALEI              IVU          1           0        1997      0     0   100     0   F       2006
                                    THE RIVER HOUSE                          IVU          1           0         NA       0   100     0     0   F       2006
                                    TIKI HUT                                 IVU          1           0         NA       0   100     0     0   F       2006
                                    TUNNELS BEACH HOUSE                      IVU          1           0        2001      0     0     0   100   F       2006
                                    TUNNEL'S BEACH VILLA                     IVU          1           0         NA       0     0     0   100   F       2006
                                    TUTU HALE                                IVU          1           0         NA       0     0     0   100   F       2004
                                    UMETSU COTTAGE                           IVU          1           0        1995      0     0   100     0   F       2006
                                    URSULA TAYLOR HOME                       IVU          1           0         NA       0     0   100     0   F       2006
                                    VILLA LAULOA                             IVU          1           0          NA      0     0   100     0   NA      2006
                                    WAIKOKO BEACH HOUSE                      IVU          1           0         NA       0     0     0   100   F       2006
                                    WAIKOKO BUNGALOW                         IVU          1           0         NA       0   100     0     0   F       2006
                                    WAILELE IKENA                            IVU          1           0         NA       0     0   100     0   F       2004
                                    WAIOHONU                                 IVU          1           0         NA       0     0   100     0   F       2006
                                    WAIPUNA                                  IVU          1           0         NA       0     0     0   100   F       2006
                                    WATERFALL HALE                           IVU          1           0         NA       0   100     0     0   F       2006
                                    WATSON HOME                              IVU          1           0         NA       0     0   100     0   F       2006
                                    WETZLER HOME                             IVU          1           0         NA       0     0     0   100   F       2006
                                    WHITE HOUSE                              IVU          1           0         NA       0   100     0     0   F       2003
                                    WILIKOKI                                 IVU          1           0        2001      0     0     0   100   F       2006
                                    BAY VIEW HOMES                           Other        2           0        1994      0   100     0     0   F       2006
                                    IVY'S PLACE                              Other        1           0        2000      0   100     0     0   F       2006
                                    KAHELELANI                               Other        1           0        1985      0     0   100     0   F       2006
                                    KILAUEA LAKESIDE ESTATE                  Other        1           0        1992      0     0     0   100   F       2006
                                    KUU HOME O WANINI                        Other        1           0        1991      0   100     0     0   F       2006
                                    RICE HAENA POINT HOUSE                   Other        1           0         NA       0   100     0     0   NA      2004
                                    STEEB HOME                               Other        1           0        1993      0   100     0     0   F       2006
                                                           2006 CURRENT VISITOR PLANT INVENTORY
                                                                                          AVAILABLE    CHANGE               %     %      %   % PROP      LAST
     ISLAND   AREA                  NAME                                    TYPE            UNITS     FROM 2005   OPENED    B     S      D    L TYPE   RESPONSE

     KAUA‘I   PRINCEVILLE/HANALEI   TERRA COR-HOME                          Other             1           0        1992      0   100     0   0   F       2006
                                    ALII KAI 2                              Timeshare        27           0        1980      0   100     0   0   F       2005
                                    PAHIO AT BALI HAI VILLAS                Timeshare        99           0        1995      0     0   100   0   F       2005
                                    PAHIO AT KAEO KAI                       Timeshare        86           0        1982      0     0   100   0   F       2005
                                    PAHIO AT THE SHEARWATER                 Timeshare        84           0        1995      0     0   100   0   F       2005
                                    THE MAKAI CLUB AT PRINCEVILLE           Timeshare        57           0        1978      0   100     0   0   F       2005
              WAILUA/KAPA‘A         VILLAGE MANOR A21                       Apt/hotel         1           0        2001    100     0     0   0   F       2006
                                    A TOE IN PARADISE                       B&B               2           0         NA     100     0     0   0   NA      2004
                                    AINA MANU PLACE B&B                     B&B               2           0        2004     50    50     0   0   F       2005
                                    ALIOMANU KAI SUITE                      B&B               1           0        1988      0   100     0   0   NA      2006
                                    FRAN'S GARDEN ISLAND GETAWAY            B&B               1           0        1994    100     0     0   0   F       2006
                                    HALE LANI B&B AND VACATION RENTALS      B&B               4           0        2001      0   100     0   0   F       2006
                                    HALE TUTU                               B&B               2           0        1996      0   100     0   0   F       2006
                                    KAKALINA'S BED & BREAKFAST              B&B               3           0        1991    100     0     0   0   F       2006
                                    LANI-KEHA BED & BREAKFAST               B&B               3           0        1994    100     0     0   0   NA      2006
                                    MAHINA KAI OCEAN VILLA                  B&B               3           0        1987      0   100     0   0   F       2006
                                    MOHALA KE OLA BED & BREAKFAST RETREAT   B&B               3           0        1994     75    25     0   0   F       2006
                                    ROSEWOOD BED & BREAKFAST                B&B               6           0        1987     90    10     0   0   F       2006
                                    BEST WESTERN PLANTATION HALE SUITES     Condo/hotel     113          +3        1973      0   100     0   0   F       2006
                                    KAPAA SANDS RESORT                      Condo/hotel      21          +1        1968      0   100     0   0   F       2006
                                    KAPAA SHORE RESORT CONDOMINIUM          Condo/hotel      76           0        1978      0   100     0   0   L       2006
                                    LANIKAI CONDOMINIUMS                    Condo/hotel      10           0        1982      0     0   100   0   F       2006
                                    MARC PONO KAI RESORT                    Condo/hotel     241           0        1980      0   100     0   0   F       2006
                                    OUTRIGGER AT LAE NANI                   Condo/hotel      59           0        1978      0    46    54   0   F       2006
45




                                    RESORTQUEST ISLANDER ON THE BEACH       Condo/hotel     198           0        1970      0   100     0   0   L       2006
                                    VILLAGE MANOR                           Condo/hotel      24           0        2003    100     0     0   0   F       2004
                                    WAILUA BAY VIEW                         Condo/hotel      45         +19        1972      0   100     0   0   F       2006
                                    KAUA‘I INTERNATIONAL HOSTEL             Hostels          40           0        1993    100     0     0   0   F       2006
                                    ALOHA BEACH RESORT KAUA‘I               Hotel           216           0        1968      0    90    10   0   L       2006
                                    HOTEL CORAL REEF                        Hotel            21           0        1955     10    90     0   0   B       2006
                                    KAUA‘I SANDS HOTEL                      Hotel           200         -25        1970    100     0     0   0   L       2006
                                    RESORTQUEST KAUA‘I BEACH MAKAIWA        Hotel           311           0        1978      0    30    69   1   L       2006
                                    ALIOMANU BEACHFRONT HOME                IVU               1           0        2003      0     0   100   0   F       2006
                                    ALIOMANU COTTAGE                        IVU               1           0         NA       0   100     0   0   F       2006
                                    ALIOMANU PALMS                          IVU               1           0         NA       0     0   100   0   F       2006
                                    ALIOMANU SANDS                          IVU               1           0         NA       0   100     0   0   F       2006
                                    ALOHA NIULANI BEACH FRONT HOUSE         IVU               1           0         NA       0     0   100   0   F       2006
                                    ANAHOLA BAY VILLA                       IVU               1           0         NA       0     0   100   0   NA      2006
                                    ANAHOLA BEACH HOUSE                     IVU               1           0         NA       0     0   100   0   F       2006
                                    ANAHOLA PLANTATION HOUSE                IVU               1           0        1991      0     0     0 100   F       2003
                                    ANINI BEACH HALE                        IVU               1           0        1998      0   100     0   0   NA      2006
                                    ANINI HALE                              IVU               1           0         NA     NA    NA    NA NA     NA      2006
                                    BABY BEACH BUNGALOW                     IVU               1           0         NA     100     0     0   0   F       2006
                                    HALE MAKAI                              IVU               1           0         NA       0     0   100   0   F       2006
                                    HALE MOE’UHANE                          IVU               1           0         NA       0   100     0   0   F       2004
                                    HALE NIU                                IVU               1           0         NA       0   100     0   0   F       2006
                                    HONEYMOON COTTAGE                       IVU               1           0         NA       0   100     0   0   F       2004
                                    HONUA LANI GARDENS                      IVU               1           0        1999      0   100     0   0   F       2003
                                    HOUSE OF LEAPING WATERFALLS             IVU               1           0        1996      0     0   100   0   NA      2006
                                    K.K. BED & BATH                         IVU               1           0        1997    100     0     0   0   F       2006
                                    KALIHIWAI BEACH HOME                    IVU               1           0        2004      0   100     0   0   NA      2006
                                    KAUA‘I CALLS                            IVU               1           0        1986    100     0     0   0   F       2006
                                    KAUA‘I KUALAPA COTTAGE                  IVU               2           0        1992    100     0     0   0   F       2006
                                    KEALIA LANDING HOUSE                    IVU               1           0         NA       0     0     0 100   F       2006
                                    KILAUEA ESTATE HOUSE                    IVU               1           0         NA       0     0   100   0   F       2004
                                                        2006 CURRENT VISITOR PLANT INVENTORY
                                                                                       AVAILABLE    CHANGE               %     %     %    % PROP      LAST
     ISLAND   AREA              NAME                                       TYPE          UNITS     FROM 2005   OPENED    B     S     D     L TYPE   RESPONSE

     KAUA‘I   WAILUA/KAPA‘A     KILAUEA POOL COTTAGE                       IVU             1           0         NA       0   100    0   0    F       2006
                                KUKUI LANI BUNGALOW                        IVU             1           0         NA       0   100    0   0    F       2006
                                LEE PLANTATION HOUSE                       IVU             1           0         NA       0     0    0 100    F       2006
                                LYNN HOME                                  IVU             1           0        1999      0   100    0   0    F       2006
                                MAKALEHA MOUNTAIN RETREAT                  IVU             1           0        1995      0   100    0   0    F       2006
                                NIULANI ESTATE                             IVU             3           0        1999     75    25    0   0    F       2006
                                OLU OLU COTTAGE                            IVU             1           0         NA       0   100    0   0    F       2006
                                OPAEKAA FALLS HALE                         IVU             1           0         NA     100     0    0   0    F       2006
                                PILIANA                                    IVU             1           0          NA      0     0    0 100    NA      2006
                                PUNAHELE HALE                              IVU             1           0         NA       0   100    0   0    F       2006
                                TABA GARDENS                               IVU             1           0        2003      0   100    0   0    F       2006
                                WOODROSE PLANTATION                        IVU             1           0         NA       0   100    0   0    F       2006
                                KAUA‘I COUNTRY INN                         Other           4           0        2003     25    75    0   0    F       2006
                                KAWAIHAU SPORTS VILLA                      Other           2           0        1982      0   100    0   0    F       2006
                                MOLOAA KAI                                 Other           1           0        1988      0   100    0   0    F       2006
                                KAUA‘I COAST RESORT AT THE BEACHBOY        Timeshare     108           0        1969      0    70   30   0    L       2005
                                KAUA‘I KAILANI I & II                      Timeshare      57           0        1969    100     0    0   0    F       2005
                                MOKIHANA OF KAUA‘I                         Timeshare      79           0        1973    100     0    0   0    F       2005

     MAUI     HĀNA AREA         ALA AINA HANA OCEAN VISTA B & B            B&B             1           0        1999      0   100    0    0   F       2006
                                ALA AINA OCEAN VISTA B&B                   B&B             1           0        1999      0   100    0    0   NA      2006
                                KIMO'S COTTAGE BED & BREAKFAST RETREAT     B&B             1           0        1997    100     0    0    0   NA      2006
                                HEAVENLY HANA INN                          Hotel           3           0        1950      0    66   33    0   F       2006
                                HOTEL HANA-MAUI                            Hotel          92         +22        1946      0     0   31   69   F       2006
46




                                ALOHA COTTAGES                             IVU             5           0        1975    100     0    0    0   F       2006
                                EKENA                                      IVU             1           0         NA       0   100    0    0   NA      2006
                                HALE HANA BAY                              IVU             1           0        1988    NA    NA    NA   NA   F       2006
                                HALE POPOLANA                              IVU             1           0         NA       0   100    0    0   F       2006
                                HALE WAIKOLOA                              IVU             2           0        1977      0   100    0    0   F       2006
                                HAMOA BAY HOUSE AND BUNGALOW               IVU             1           0        1999      0   100    0    0   F       2005
                                HANA ACCOMMODATIONS                        IVU             4           0        1999     50    50    0    0   F       2006
                                HANA ALII HOLIDAYS                         IVU            19           0         NA      10    80   10    0   NA      2005
                                HANA BAY HALE                              IVU             3           0        1992      0   100    0    0   F       2006
                                HANA MAUI VACATION RENTALS                 IVU             3           0        1957    100     0    0    0   F       2006
                                HANA OCEANFRONT COTTAGES                   IVU             2           0        2000      0   100    0    0   F       2006
                                HANA'S TRADEWIND COTTAGES                  IVU             2           0        1990      0   100    0    0   F       2006
                                HIBISCUS HIDEAWAY                          IVU             1           0        2001      0   100    0    0   F       2006
                                HONOKALANI COTTAGE                         IVU             1           0        1977      0   100    0    0   F       2006
                                JOE'S PLACE                                IVU             8           0        1980    100     0    0    0   F       2006
                                KAILUA MAUI GARDENS                        IVU             4           0        1994     25    75    0    0   F       2006
                                KAUAMANU                                   IVU             1           0        1996    NA    NA    NA   NA   F       2004
                                KAUIKI HOUSE & CABIN                       IVU             2           0        1980      0   100    0    0   F       2003
                                NAPUALANI OHANA                            IVU             2           0        1980     25    25   25   25   F       2006
                                POPOLANA LIILII                            IVU             1           0        1993      0   100    0    0   F       2006
                                SWAYING PALMS STUDIO                       IVU             1           0        2001      0   100    0    0   F       2006
                                WHISPERING BAMBOO COTTAGE                  IVU             1           0        2001      0   100    0    0   F       2006
                                HALFWAY TO HANA HOUSE                      Other           1           0         NA     100     0    0    0   NA      2006
                                HANA HALE MALAMALAMA LTD                   Other           5           0        1987      0   100    0    0   F       2006
                                HANA MAUI BOTANICAL GARDENS B & B          Other           2           0        1983    100     0    0    0   F       2006
                                HONO HU’AKA TROPICAL PLANTATION            Other           9           0        1998     66    33    0    0   F       2004
                                HANA KAI MAUI RESORT CONDOMINIUM           Timeshare      17           0        1985      0   100    0    0   F       2006
              KAHULUI/WAILUKU   LILIHUA SHORES                             Apt/hotel       2           0        2002      0   100    0    0   F       2006
                                THE OLD WAILUKU INN                        B&B            10           0        1997      0   100    0    0   F       2004
                                BANANA BUNGALOW / MAUI HOSTEL              Hostels        24           0        1990    100     0    0    0   F       2006
                                HAPPY VALLEY HALE MAUI, LLC (NO. MARKET)   Hostels         6           0        2001    100     0    0    0   F       2006
                                                            2006 CURRENT VISITOR PLANT INVENTORY
                                                                                          AVAILABLE    CHANGE               %     %      %    % PROP      LAST
     ISLAND   AREA                  NAME                                      TYPE          UNITS     FROM 2005   OPENED    B     S      D     L TYPE   RESPONSE

     MAUI     KAHULUI/WAILUKU       HAPPY VALLEY HALE MAUI, LLC (ALAHEE)      Hostels         7           0        2003    100     0     0    0   F       2006
                                    MAUI BEACH HOTEL                          Hotel         145          +2        1968      0   100     0    0   F       2006
                                    MAUI PALMS HOTEL                          Hotel          44           0        1957    100     0     0    0   F       2006
                                    MAUI SEASIDE HOTEL                        Hotel         225         +25        1975    100     0     0    0   L       2006
                                    MILOWAI RESORT                            Hotel          44           0          NA    NA    NA    NA    NA   NA      2005
                                    BOB'S WINDSURF VACATION RENTALS           IVU             2           0        1988      0     0   100    0   F       2006
                                    SUGAR COVE CONDOMINIUM                    IVU             4           0        1977      0     0   100    0   F       2006
                                    TRADEWIND BEACH HOUSE                     IVU             1           0        1996      0   100     0    0   F       2006
                                    MAUI DREAM INN                            Other          15           0        1992    100     0     0    0   F       2004
              KULA/MAKAWAO AREA     KUAU PLAZA CONDOMINIUM                    Apt/hotel       9           0        1974    100     0     0    0   F       2006
                                    HALE AKUA SHANGRI - LA RESORT             B&B            13           0        1992     23    77     0    0   F       2006
                                    HALE HOOKIPA INN B&B                      B&B             4           0        1995      0   100     0    0   F       2006
                                    KULA VIEW B & B                           B&B             1           0        1991    100     0     0    0   F       2006
                                    LANIKAI FARM BED & BREAKFAST              B&B             2           0        1994     50    50     0    0   F       2006
                                    OLINDA COUNTRY COTTAGES AND INN           B&B             5           0        1989      0   100     0    0   F       2006
                                    OVER YONDER FARM B&B                      B&B             2           0        2003    100     0     0    0   NA      2006
                                    PILIALOHA BED & BREAKFAST COTTAGE         B&B             1           0        1991      0   100     0    0   NA      2005
                                    TEA HOUSE COTTAGE                         B&B             1           0        1998      0   100     0    0   F       2006
                                    UPCOUNTRY BED & BREAKFAST                 B&B             4           0        2004      0   100     0    0   F       2006
                                    MAMA'S FISH HOUSE RESTAURANT AND INN      Hotel           8           0        1973      0    50    50    0   F       2006
                                    ADVENTURE IN PARADISE/MAUI TRADEWINDS     IVU             2           0        1998      0   100     0    0   F       2006
                                    ALOHA COTTAGE                             IVU             2           0        1999      0    50    50    0   F       2006
                                    ALOHA MOON COTTAGE                        IVU             1           0         NA     100     0     0    0   NA      2006
                                    ALOHA OCEAN LOOKOUT                       IVU             3           0         NA       0    33    33   33   NA      2003
47




                                    BLOOM COTTAGE                             IVU             1           0        1988      0   100     0    0   F       2006
                                    CASIMIR'S CLIFF                           IVU             1           0         NA     NA    NA    NA    NA   NA      2003
                                    CLIFF'S EDGE                              IVU             4           0        1996      0    50    50    0   F       2006
                                    HAIKU LANI MAUI VACATION RENTAL COTTAGE   IVU             1           0        1995    100     0     0    0   F       2006
                                    HAIKU POLE HOUSE                          IVU             1           0        2000      0     0   100    0   F       2006
                                    HOOKIPA BAYVIEW COTTAGE                   IVU             1           0        2000      0   100     0    0   F       2006
                                    HOOKIPA HALE COTTAGE                      IVU             2           0        1996      0   100     0    0   F       2006
                                    HUELO POINT FLOWER FARM                   IVU             4           0        1989      0    50    50    0   F       2006
                                    HUELO POINT LOOKOUT                       IVU             4           0         NA       0    50    50    0   F       2006
                                    HULA HALE STUDIO                          IVU             1           0        2001    100     0     0    0   F       2006
                                    MAUI DREAM COTTAGES                       IVU             1           0        1993    100     0     0    0   F       2006
                                    MAUI NORTH SHORE RETREAT HOME             IVU             1           0        2003      0   100     0    0   F       2006
                                    MAUI OCEAN BREEZES                        IVU             3           0        2001    100     0     0    0   F       2006
                                    PALI ULI ESTATE                           IVU             2           0        1998      0     0   100    0   F       2006
                                    PEACE OF MAUI                             IVU             8           0        1995    100     0     0    0   F       2006
                                    THAI TREEHOUSE                            IVU             2           0        1999      0    50    50    0   F       2006
                                    THE PAPAKEA RESORT #K203                  IVU             1           0        1978      0   100     0    0   NA      2005
                                    BANYAN TREE HOUSE                         Other           7           0        1994     25    75     0    0   F       2006
                                    KULA LODGE                                Other           5           0        1949      0   100     0    0   F       2006
              LAHAINA/KĀ‘ANAPALI/   MAUI APARTMENT HOTEL                      Apt/hotel      12          -3        1969     50    50     0    0   F       2006
              NĀPILI/KAPALUA        THE PIKAKE                                Apt/hotel       9           0        1966      0   100     0    0   F       2006
                                    ALOHA LANI INN                            B&B             1           0        2005    100     0     0    0   F       2006
                                    BAMBULA INN                               B&B             2           0        1987    100     0     0    0   F       2003
                                    BLUE HORIZONS B & B                       B&B             4           0        1993     25    75     0    0   F       2006
                                    GARDEN GATE BED & BREAKFAST               B&B             4           0        1992     50    50     0    0   F       2006
                                    THE GUESTHOUSE                            B&B             4           0        1985      0   100     0    0   F       2006
                                    HO’OILO HOUSE                             B&B             5           0        2003      0     0   100    0   F       2006
                                    HOUSE OF FOUNTAINS                        B&B             6           0        1995      0   100     0    0   F       2006
                                    OLD LAHAINA HOUSE                         B&B             4           0        1992     50    50     0    0   F       2006
                                    PENNY'S PLACE INN PARADISE                B&B             4           0        2001     50    50     0    0   F       2006
                                    THE PLANTATION INN                        B&B            19           0        1987      0   100     0    0   F       2006
                                                            2006 CURRENT VISITOR PLANT INVENTORY
                                                                                                   AVAILABLE    CHANGE               %     %    %   % PROP      LAST
     ISLAND   AREA                  NAME                                             TYPE            UNITS     FROM 2005   OPENED    B     S    D    L TYPE   RESPONSE

     MAUI     LAHAINA/KĀ‘ANAPALI/   HALE KAI CONDO                                   Condo/hotel      25           0        1967      0   100   0   0   F       2006
              NĀPILI/KAPALUA        HALE MAHINA BEACH RESORT                         Condo/hotel      40           0        1981      0   100   0   0   L       2006
                                    HALE NAPILI                                      Condo/hotel      18           0        1960      0   100   0   0   F       2006
                                    HALE ONO LOA                                     Condo/hotel      22           0        1971     92     8   0   0   L       2006
                                    HOLOLANI CONDOMINIUM RESORT                      Condo/hotel      46           0        1973      0   100   0   0   B       2006
                                    HOLOLANI RESORT #HB703                           Condo/hotel       1           0        1974      0    50 50    0   NA      2005
                                    HONOKEANA COVE                                   Condo/hotel      34           0        1971      0   100   0   0   F       2006
                                    HONOKOWAI PALMS                                  Condo/hotel       4           0        1969    100     0   0   0   F       2006
                                    HOYOCHI NIKKO RESORT                             Condo/hotel      16           0        1973      0   100   0   0   F       2006
                                    KAANAPALI ALII                                   Condo/hotel     215           0        1982      0     0 40 60     B       2006
                                    KAANAPALI ROYAL                                  Condo/hotel      35         +34        1979      0    50 50    0   F       2006
                                    KAHANA OUTRIGGER                                 Condo/hotel      13         +12        1981      0    50 50    0   NA      2006
                                    KAHANA REEF                                      Condo/hotel      52           0        1973      0     0   0   0   L       2003
                                    KAHANA SUNSET RESORT                             Condo/hotel      72          -7        1971      0    50 50    0   F       2006
                                    KAHANA VILLAGE                                   Condo/hotel      36           0        1979      0    25 75    0   L       2006
                                    KALEIALOHA RESORT CONDOMINIUMS                   Condo/hotel      21           0        1972      0   100   0   0   F       2006
                                    KAPALUA BAY VILLAS                               Condo/hotel     135           0        1978    NA    NA NA NA      F       2006
                                    KAPALUA GOLF VILLAS                              Condo/hotel     135           0        1978      0    65 35    0   F       2006
                                    KAPALUA RIDGE VILLAS                             Condo/hotel      40           0        1980      0    70 30    0   F       2003
                                    KULAKANE CONDOMINIUM                             Condo/hotel      36           0        1970      0   100   0   0   F       2006
                                    LAHAINA ROADS                                    Condo/hotel      18           0        1973      0   100   0   0   B       2006
                                    LAHAINA SHORES BEACH RESORT                      Condo/hotel     167           0        1974      0    90 10    0   B       2006
                                    LOKELANI                                         Condo/hotel      23         -13        1972      0   100   0   0   F       2006
                                    MAHINA SURF                                      Condo/hotel      56          +6        1970      0   100   0   0   F       2006
48




                                    MAKANI SANDS                                     Condo/hotel      22           0        1975      0    75 25    0   B       2006
                                    MAUI KAANAPALI VILLAS                            Condo/hotel     206           0        1964      0     0 100   0   F       2006
                                    MAUI KAI                                         Condo/hotel      58           0        1970      0   100   0   0   F       2006
                                    MAUI SANDS                                       Condo/hotel      76           0        1965     50    50   0   0   L       2006
                                    NAPILI KAI BEACH RESORT                          Condo/hotel     162           0        1962      0     7 28 65     B       2006
                                    NAPILI POINT RESORT                              Condo/hotel     106          -1        1978      0    80 20    0   L       2006
                                    NAPILI SUNSET                                    Condo/hotel      42           0        1975     38    48 14    0   F       2006
                                    NAPILI SURF BEACH RESORT                         Condo/hotel      53           0        1970      0    89 11    0   F       2006
                                    NAPILI VILLAGE                                   Condo/hotel      28           0        1965    100     0   0   0   L       2006
                                    NOHONANI                                         Condo/hotel      21           0        1976      0   100   0   0   B       2006
                                    OUTRIGGER AINA NALU RESORT (FMR MAUI ISLANDER)   Condo/hotel     135        -141        1981      0   100   0   0   L       2006
                                    OUTRIGGER MAUI ELDORADO                          Condo/hotel     103           0        1969      0    39 61    0   L       2006
                                    OUTRIGGER NAPILI SHORES                          Condo/hotel     100           0        1972      0    81 19    0   B       2006
                                    OUTRIGGER ROYAL KAHANA                           Condo/hotel     188           0        1975      0    14 86    0   L       2006
                                    PAPAKEA BEACH RESORT CONDO                       Condo/hotel       1           0        1995      0   100   0   0   F       2006
                                    PAPAKEA BEACH RESORT UNIT F-308                  Condo/hotel       1           0        1972      0   100   0   0   L       2006
                                    PAPAKEA RESORT, UNIT L-303                       Condo/hotel       1           0        1979      0   100   0   0   L       2006
                                    POHAILANI MAUI RESORT                            Condo/hotel      30           0          NA    NA    NA NA NA      NA      2005
                                    POLYNESIAN SHORES                                Condo/hotel      30           0        1973      0   100   0   0   B       2006
                                    PUUNOA BEACH ESTATES                             Condo/hotel       6           0        1985      0     0   0 100   F       2006
                                    RESORTQUEST AT PAPAKEA RESORT                    Condo/hotel     191           0        1978      0    50 45    5   B       2006
                                    RESORTQUEST KAANAPALI SHORES                     Condo/hotel     463          +4        1980      0     0 100   0   B       2006
                                    RESORTQUEST MAHANA AT KAANAPALI                  Condo/hotel     148           0        1976      0     0 100   0   F       2006
                                    RESORTQUEST PAKI MAUI                            Condo/hotel      72           0        1976      0    44 56    0   F       2006
                                    ROYAL KAHANA RESORT #R1201                       Condo/hotel       1           0        1975      0    50 50    0   NA      2005
                                    THE KAPALUA VILLAS                               Condo/hotel     270           0        1975      0    50 46    4   F       2006
                                    THE NOELANI CONDOMINIUM RESORT                   Condo/hotel      44           0        1976      0    84 16    0   F       2004
                                    THE SANDS OF KAHANA                              Condo/hotel     196           0        1982      0    50 50    0   L       2004
                                    THE WHALER ON KAANAPALI BEACH                    Condo/hotel     240           0        1976      0    15 75 10     F       2005
                                    VALLEY ISLE RESORT                               Condo/hotel     105           0        1974     25    75   0   0   B       2004
                                    BEST WESTERN PIONEER INN                         Hotel            49         +15        1901      0   100   0   0   L       2006
                                                           2006 CURRENT VISITOR PLANT INVENTORY
                                                                                            AVAILABLE    CHANGE               %     %    %   % PROP      LAST
     ISLAND   AREA                  NAME                                      TYPE            UNITS     FROM 2005   OPENED    B     S    D    L TYPE   RESPONSE

     MAUI     LAHAINA/KĀ‘ANAPALI/   HYATT REGENCY MAUI RESORT & SPA           Hotel           815          +9        1980      0     0 65 35     F       2006
              NĀPILI/KAPALUA        KAANAPALI BEACH HOTEL                     Hotel           338         -92        1964      0    65 34    1   F       2006
                                    LAHAINA INN                               Hotel            12           0        1931      0   100   0   0   L       2006
                                    MAUIAN HOTEL ON NAPILI BEACH              Hotel            44           0        1961      0   100   0   0   F       2006
                                    ROYAL LAHAINA RESORT                      Hotel           521         +10        1962      0    12 78 10     F       2006
                                    SHERATON MAUI RESORT                      Hotel           522         +12        1963      0     0 15 85     F       2006
                                    THE RITZ-CARLTON KAPALUA                  Hotel           550          +2        1992      0     0 30 70     L       2006
                                    THE WESTIN MAUI RESORT & SPA              Hotel           762          +4        1971      0     0 40 60     L       2006
                                    AWESOME HAWAIIAN COTTAGES                 IVU               2           0        1990      0   100   0   0   F       2006
                                    INTERNATIONAL COLONY CLUB                 IVU               7           0        1964      0   100   0   0   F       2006
                                    KAANAPALI ROYAL                           IVU              37           0        1979      0    50 50    0   B       2005
                                    KAHANA NUI VILLAS                         IVU               2           0        2000      0     0   0 100   NA      2006
                                    KAHANA OUTRIGGER                          IVU              13           0        1979      0    50 50    0   L       2004
                                    THE MAUI HOME                             IVU               1           0        1992      0     0 100   0   F       2006
                                    SUNSETS IN PARADISE                       IVU              31           0        1980      0   100   0   0   F       2006
                                    WE LOVE ISLANDS                           IVU               1           0        1999      0   100   0   0   F       2006
                                    PUAMANA                                   Other           140           0        1968     30    50 20    0   F       2006
                                    WAI OLA VACATION PARADISE                 Other             5           0        1994     20    80   0   0   F       2006
                                    EMBASSY VACATION RESORT MAUI              Other           411           0        1998      0     0 100   0   F       2006
                                    HONO KOA RESORT CONDOMINIUM               Timeshare        28           0        1982      0   100   0   0   L       2004
                                    GARDENS AT WEST MAUI, THE                 Timeshare        34           0        1990    NA    NA NA NA      F       2004
                                    KAHANA BEACH RESORT                       Timeshare        61           0        1980    NA    NA NA NA      NA      2005
                                    KAHANA FALLS RESORTS                      Timeshare        70           0        1992      0   100   0   0   F       2004
                                    KAHANA VILLA MAUI                         Timeshare        40           0        1980      0   100   0   0   F       2005
49




                                    KULEANA CONDOMINIUM                       Timeshare        30           0        1973    100     0   0   0   F       2005
                                    MARRIOTT'S MAUI OCEAN CLUB                Timeshare       442           0        1981      0     0 100   0   F       2005
                                    ONE NAPILI WAY                            Timeshare        14           0        1992      0    30 70    0   F       2005
                                    WESTIN KAANAPALI OCEAN RESORT VILLAS      Timeshare       184         +79        2003      0     0   0 100   F       2006
              MĀ‘ALAEA              HONO KAI RESORT                           Condo/hotel      32           0        1972    100     0   0   0   B       2006
                                    ISLAND RESORT RENTALS                     Condo/hotel      25           0         NA       0   100   0   0   B       2006
                                    ISLAND SANDS RESORT                       Condo/hotel      84           0        1975      0   100   0   0   F       2004
                                    KANA’I A NALU                             Condo/hotel      38           0        1976      0    50 50    0   L       2006
                                    LAULOA CONDOMINIUM C/O OIHANA PROP MGMT   Condo/hotel      19           0        1979    100     0   0   0   L       2006
                                    MAALAEA BANYANS                           Condo/hotel      41         -39        1978     50    50   0   0   F       2006
                                    MAALAEA KAI                               Condo/hotel      29           0        1974     50    50   0   0   B       2003
                                    MAKANI A KAI                              Condo/hotel      14           0        1974      2    98   0   0   F       2006
              WAILEA/KĪHEI AREA     SUNSEEKER RESORT                          Apt/hotel         5           0        1971    100     0   0   0   F       2006
                                    ALOHA KAI'S MAUI BED & BREAKFAST          B&B               3           0        1995    100     0   0   0   F       2006
                                    ANUHEA BED & BREAKFAST HEALTH RETREAT     B&B               5           0        1989    100     0   0   0   F       2003
                                    DREAMS COME TRUE ON MAUI                  B&B               3           0         NA      66    33   0   0   F       2005
                                    EVA VILLA                                 B&B               3           0        1993      0   100   0   0   F       2006
                                    MAUI-WHAT A WONDERFUL WORLD B & B         B&B               4           0        1995    100     0   0   0   F       2004
                                    OCEAN BREEZE HIDEAWAY                     B&B               3           0        1999     67    33   0   0   F       2006
                                    TWO MERMAIDS ON MAUI BED & BREAKFAST      B&B               2           0        1998      0   100   0   0   F       2006
                                    AA OCEANFRONT CONDO RENTALS               Condo/hotel     185         +35        1983     40    35 10    5   B       2006
                                    CASTLE KAMAOLE SANDS RESORT               Condo/hotel     325         +44        1983     20    80   0   0   F       2006
                                    GRAND CHAMPION VILLAS                     Condo/hotel       1           0        2000      0   100   0   0   F       2005
                                    HALE HUI KAI                              Condo/hotel      33           0        1972      0    25 75    0   F       2006
                                    HALE KAI OKIHEI                           Condo/hotel      38           0        1969     50    50   0   0   F       2006
                                    HALE KAMAOLE                              Condo/hotel     110           0        1973      0   100   0   0   F       2006
                                    HALE PAU HANA RESORT LLC                  Condo/hotel      60           0        1969      0   100   0   0   F       2006
                                    HALEAKALA SHORES RESORT                   Condo/hotel      76           0        1975    100     0   0   0   F       2003
                                    HARDWICK VACATION SERVICES                Condo/hotel      14           0        1981      0   100   0   0   F       2006
                                    KAMAOLE BEACH ROYALE RESORT               Condo/hotel      35           0        1974     75    25   0   0   F       2006
                                    KAMAOLE NALU                              Condo/hotel      33           0        1975      0   100   0   0   L       2006
                                                         2006 CURRENT VISITOR PLANT INVENTORY
                                                                                               AVAILABLE    CHANGE               %     %      %    % PROP      LAST
     ISLAND   AREA                NAME                                           TYPE            UNITS     FROM 2005   OPENED    B     S      D     L TYPE   RESPONSE

     MAUI     WAILEA/KĪHEI AREA   KAMAOLE ONE                                    Condo/hotel      10           0        1973      0   100     0    0   F       2006
                                  KAUHALE MAKAI, VILLAGE BY THE SEA              Condo/hotel     112           0        1974     90    10     0    0   F       2004
                                  KEALIA RESORT                                  Condo/hotel      27           0        1977      5    95     0    0   L       2006
                                  KIHEI AKAHI                                    Condo/hotel     110           0        1977     11    89     0    0   F       2006
                                  KIHEI ALII KAI                                 Condo/hotel      74           0        1981      0   100     0    0   F       2006
                                  KIHEI BAY SURF                                 Condo/hotel     118           0        1980    100     0     0    0   F       2003
                                  KIHEI BAY SURF STUDIOS                         Condo/hotel       1           0        2002    100     0     0    0   F       2006
                                  KIHEI BEACH CONDOMINIUMS                       Condo/hotel      48           0        1973      0   100     0    0   F       2006
                                  KIHEI KAI NANI                                 Condo/hotel     130           0        1973    100     0     0    0   F       2006
                                  KIHEI KAI RESORT                               Condo/hotel      19           0        1970     86    14     0    0   L       2006
                                  KIHEI SANDS CONDOMINIUM                        Condo/hotel      29           0        1975     50    50     0    0   F       2006
                                  KIHEI SURFSIDE RESORT                          Condo/hotel      79           0        1976      0   100     0    0   F       2006
                                  KOA LAGOON                                     Condo/hotel      36           0        1980      0   100     0    0   F       2003
                                  KOA RESORT                                     Condo/hotel      54           0        1982     25    75     0    0   F       2006
                                  LEINAALA CONDOMINIUM                           Condo/hotel      20           0        1979     80    20     0    0   F       2006
                                  LUANA KAI RESORT                               Condo/hotel      75           0        1979    100     0     0    0   F       2006
                                  MAALAEA SURF RESORT                            Condo/hotel      42           0        1972      0    50    50    0   F       2006
                                  MANA KAI - MAUI RESORT                         Condo/hotel      55           0        1973     50    50     0    0   F       2006
                                  MARC MAUI VISTA                                Condo/hotel     145           0        1979     67    33     0    0   F       2006
                                  MAUI BEACH RESORT                              Condo/hotel      50           0        1989    NA    NA    NA    NA   NA      2005
                                  MAUI HILL RESORT                               Condo/hotel     131           0        1981      0    84    16    0   L       2006
                                  MAUI KAMAOLE                                   Condo/hotel     200           0        1989      0   100     0    0   F       2006
                                  MAUI KAMAOLE RESORT CONDOS #I-106 / #I-202     Condo/hotel       2           0        1999      0   100     0    0   F       2004
                                  MAUI PARKSHORE                                 Condo/hotel      64           0        1974    100     0     0    0   F       2006
50




                                  MAUI SUNCOAST REALTY                           Condo/hotel      75           0         NA      50    50     0    0   F       2006
                                  MAUI SUNSET                                    Condo/hotel     150           0        1976     80     0     0    0   F       2006
                                  MENEHUNE SHORES #102                           Condo/hotel       1           0        2003      0   100     0    0   F       2004
                                  NANI KAI HALE RESORT                           Condo/hotel      30           0        1975      0   100     0    0   F       2006
                                  OCEAN FRONT POLO BEACH #1-3, #207, #302        Condo/hotel       3           0        1980      0     0   100    0   F       2004
                                  OUTRIGGER PALMS AT WAILEA                      Condo/hotel      90           0        1991      0     0   100    0   F       2006
                                  POLO BEACH CLUB                                Condo/hotel      41           0        1984      0     0    75   25   F       2006
                                  PUNAHOA BEACH APARTMENTS                       Condo/hotel      14           0        1972      0   100     0    0   F       2006
                                  RESORTQUEST AT THE MAUI BANYAN                 Condo/hotel     150           0        1991      0    75    25    0   F       2006
                                  ROYAL MAUIAN RESORT                            Condo/hotel      30           0        1973      0   100     0    0   F       2006
                                  SUGAR BEACH RESORT                             Condo/hotel     200           0        1976     50    50     0    0   F       2003
                                  WAILANA KAI, THE                               Condo/hotel       9           0        1985     75    25     0    0   F       2003
                                  WAILEA EKAHI VILLAGE                           Condo/hotel      73           0        1975      0   100     0    0   F       2006
                                  WAILEA EKOLU VILLAGE                           Condo/hotel      23           0        1979      0   100     0    0   F       2005
                                  WAILEA ELUA VILLAGE                            Condo/hotel      68           0        1978      0     0   100    0   F       2005
                                  WAILEA GRAND CHAMPIONS GOLF & TENNIS VILLAGE   Condo/hotel      46           0        1989      0   100     0    0   F       2005
                                  WAIOHULI BEACH HALE                            Condo/hotel      39           0        1979      0   100     0    0   B       2003
                                  ALOHA PUALANI                                  Hotel             5           0        1978      0     0   100    0   F       2006
                                  ASTON MAUI LU RESORT                           Hotel           154           0        1958      0   100     0    0   F       2006
                                  BEST WESTERN MAUI OCEANFRONT INN               Hotel            88           0        1972      0    95     5    0   L       2006
                                  DIAMOND RESORT HAWAI‘I                         Hotel            72           0        1990      0     0    92    8   F       2006
                                  THE FAIRMONT KEA LANI MAUI                     Hotel           413         -37        1991      0     0    64   36   F       2006
                                  FOUR SEASONS RESORT MAUI AT WAILEA             Hotel           378          -2        1990      0     0    19   81   F       2006
                                  GRAND WAILEA RESORT HOTEL & SPA                Hotel           787          +7        1991      0     0    10   90   F       2006
                                  MAUI COAST HOTEL                               Hotel           264          -1        1993      0    90    10    0   F       2006
                                  MAUI PRINCE HOTEL                              Hotel           310           0        1986      0     0   100    0   F       2006
                                  RENAISSANCE WAILEA BEACH RESORT                Hotel           350          +5        1978      0     0    97    3   F       2006
                                  WAILEA BEACH MARRIOTT RESORT & SPA             Hotel           600         +79        1976      0     0    79   21   F       2006
                                  ALOHA JOURNEYS                                 IVU               1           0        1993      0    50    50    0   F       2006
                                  GARDEN COTTAGE                                 IVU               1           0        2000    100     0     0    0   F       2005
                                  HALE HUANANI                                   IVU               1           0        1999    100     0     0    0   L       2006
                                                            2006 CURRENT VISITOR PLANT INVENTORY
                                                                                                AVAILABLE    CHANGE               %     %      %    % PROP      LAST
     ISLAND     AREA                NAME                                          TYPE            UNITS     FROM 2005   OPENED    B     S      D     L TYPE   RESPONSE

     MAUI       WAILEA/KĪHEI AREA   KAMAOLE ONE CONDOS #2                         IVU               1           0        2004      0     0   100   0    F       2006
                                    KIHEI GARDEN ESTATES                          IVU              26           0        1979     30    70     0   0    F       2005
                                    KIHEI HOLIDAY                                 IVU               9           0        1979    100     0     0   0    F       2006
                                    LIHI KAI COTTAGES                             IVU               8           0        1958      0   100     0   0    F       2006
                                    MAKENA SURF RESORT                            IVU              69           0        1983      0     0     0 100    F       2006
                                    MAUI BEACH HOUSE                              IVU               2           0        1976     50    50     0   0    F       2005
                                    MENEHUNE SHORES                               IVU             108           0        1976     83    17     0   0    F       2004
                                    MY WAII BEACH COTTAGE                         IVU               1           0        1970      0     0   100   0    F       2006
                                    OHUKAI BEACH ESTATES                          IVU               4           0        1975      0     0     0 100    F       2006
                                    PAPAYA STUDIO                                 IVU               1           0        1995    100     0     0   0    F       2005
                                    POLLY MAKENA                                  IVU               2           0        1997      0     0    50 50     F       2006
                                    TWIN DOLPHIN VILLAS                           IVU               1           0        2001      0     0   100   0    F       2006
                                    WAILANA SANDS                                 IVU               6           0        1980     90    10     0   0    F       2006
                                    WAIPUILANI                                    IVU              42           0        1971    100     0     0   0    F       2006
                                    HALE ALANA VACATION HOUSE                     Other             1           0        1995      0     0   100   0    F       2006
                                    ISLAND SURF                                   Other             6           0        1972      0   100     0   0    F       2006
                                    KIHEI RESORT                                  Other             4           0        1980      0     0     0   0    F       2005
                                    NOEL'S OHANA                                  Other             1           0        2001    100     0     0   0    NA      2006
                                    SHORES OF MAUI                                Other            38           0        1976     75    25     0   0    F       2005
                                    KAMAOLE BEACH CLUB                            Timeshare        37           0        1983      0     0   100   0    F       2005
                                    KAPULANIKAI                                   Timeshare        12           0        1975    100     0     0   0    F       2005
                                    LEILANI KAI RESORT                            Timeshare         8           0        1960    100     0     0   0    F       2005
                                    MAUI BEACH RESORT                             Timeshare        45           0        1989      0   100     0   0    F       2004
                                    MAUI SCHOONER RESORT                          Timeshare        58           0        1990      0   100     0   0    F       2005
51




                                    WORLDMARK AT KIHEI                            Timeshare       200           0        2001    NA    NA    NA NA      NA      2005

     MOLOKA‘I    MOLOKA‘I           AAHI PLACE BED & BREAKFAST                    B&B               2           0        1999    100     0   0      0   F       2006
                                    KA HALE MALA B & B/VACATION RENTAL            B&B               1           0        1995    100     0   0      0   F       2006
                                    KALUAKOI RESORT CONDO                         Condo/hotel     130           0        1995    100     0   0      0   NA      2006
                                    CASTLE KALUAKOI VILLAS                        Condo/hotel      24           0        1977     70    30   0      0   F       2006
                                    MOLOKA‘I 207.COM                              Condo/hotel       1           0        1975    100     0   0      0   F       2006
                                    MOLOKA‘I SHORES SUITES                        Condo/hotel      30           0        1977      0   100   0      0   B       2006
                                    PANIOLO HALE RESORT CONDOMINIUMS              Condo/hotel      14           0        1980      0   100   0      0   F       2006
                                    WAVECREST RESORT, INC.                        Condo/hotel      60           0        1976     75    25   0      0   F       2006
                                    HOTEL MOLOKA‘I                                Hotel            54           0        1967     10    90   0      0   F       2005
                                    PAU HANA INN                                  Hotel            40           0        1945    NA    NA NA       NA   NA      2005
                                    THE LODGE & BEACH VILLAGE AT MOLOKA‘I RANCH   Hotel            62           0        1997      0     0 100      0   F       2005
                                    A HAWAIIAN GETAWAY                            IVU               3           0        1998    100     0   0      0   F       2005
                                    A1 DELUXE OCEANFRONT CONDO                    IVU               1           0        1994      0   100   0      0   F       2006
                                    A-1 OWENS RENTALS                             IVU               1           0         NA     100     0   0      0   F       2006
                                    ALOHA BEACH HOUSE                             IVU               5           0        1996      0   100   0      0   F       2003
                                    BEAUTIFUL VIEW HONOULIWAI HALE - HOME SP      IVU               1           0        2000      0   100   0      0   F       2006
                                    BEBACK MOLOKA‘I                               IVU               1           0         NA     100     0   0      0   F       2006
                                    COTTAGE 1A - MOLOKA‘I HAWAI‘I                 IVU               1           0         NA       0   100   0      0   NA      2006
                                    DUNBAR BEACHFRONT COTTAGES                    IVU               2           0        1995      0   100   0      0   F       2006
                                    HALE ALOHA                                    IVU               1           0        1996      0   100   0      0   F       2006
                                    KAMALO PLANTATION                             IVU               1           0        1984    100     0   0      0   NA      2006
                                    KENANIKAI CONDO UNIT #160                     IVU               1           0         NA     100     0   0      0   F       2004
                                    KULANI HALE                                   IVU               1           0        2002      0   100   0      0   F       2006
                                    MOANUI BEACH HOUSE                            IVU               1           0        1999      0   100   0      0   NA      2006
                                    MOLOKA‘I - RANCHHOUSE                         IVU               1           0        2002      0   100   0      0   F       2004
                                    MOLOKA‘I BEACH HOUSE                          IVU               1           0        2000      0   100   0      0   F       2006
                                    MOLOKA‘I BEACH HOUSE RENTAL                   IVU               1           0        1966      0     0 100      0   NA      2005
                                    MOLOKA‘I CONDO                                IVU               1           0        1978      0   100   0      0   F       2006
                                    MOLOKA‘I MEMORIES                             IVU               1           0         NA     100     0   0      0   F       2006
                                                   2006 CURRENT VISITOR PLANT INVENTORY
                                                                                AVAILABLE    CHANGE               %    %    %    % PROP      LAST
     ISLAND     AREA       NAME                                     TYPE          UNITS     FROM 2005   OPENED    B    S    D     L TYPE   RESPONSE

     MOLOKA‘I   MOLOKA‘I   MOLOKA‘I RENTALS                          IVU            1           0         NA     NA NA NA       NA   NA      2003
                           MOLOKA‘I STYLE VACATION HOMES             IVU            1           0        2003      0 100   0     0   F       2005
                           OUR BEACHFRONT COTTAGE IN MOLOKA‘I        IVU            1           0        1976      0 100   0     0   F       2006
                           ROMANTIC HIDEAWAY                         IVU            1           0        1999    100   0   0     0   F       2003
                           MILLER MOLOKA‘I                           Other          4           0        1990      0   0 100     0   F       2006

     LĀNA‘I     LĀNA‘I     TRUE HAWAIIAN PARADISE VILLA             Apt/hotel       1           0        2003      0 100    0    0   F       2006
                           DREAMS COME TRUE                         B&B             3           0        1991    100   0    0    0   F       2006
                           HOTEL LĀNA‘I                             Hotel          11           0        1923      0 100    0    0   F       2006
                           LODGE AT KOELE                           Hotel         102           0        1990      0   0   59   41   F       2006
                           MANELE BAY HOTEL                         Hotel         249           0        1991      0   0   40   60   F       2006
                           HALE O LĀNA‘I                            IVU             1           0        1990      0 100    0    0   F       2006
52
TIMESHARE PROPERTIES BY ISLAND AND AREA




                  53
                   TABLE 6: TIMESHARE PROPERTIES BY ISLAND AND AREA
                                                                           REG. OPER.      CHANGE FROM 2005
AREA               PROPERTY                                 TYPE          UNITS UNITS        REG.   OPER.

O‘AHU
LEEWARD/MĀKAHA     HAWAIIAN PRINCESS AT MAKAHA BEACH        Condo/hotel       32      32       0      0
                   MARRIOTT KO OLINA BEACH CLUB             Timeshare        300     300     190    190
WAIKĪKĪ/HONOLULU   ALOHA TOWERS                             Condo/hotel       40      40      -1     -1
                   RESORTQUEST AT THE WAIKIKI BANYAN        Condo/hotel       60      60       0      0
                   ROYAL KUHIO CONDOMINIUM                  Condo/hotel      153     153       0      0
                   HILTON HAWAIIAN VILLAGE                  Hotel            560     560      34     34
                   ILIKAI WAIKIKI HOTEL                     Hotel             80      80       0      0
                   CELEBRITY RESORTS WAIKIKI                Timeshare         80      80       3      3
                   CONDOMINIUM FAIRWAY VILLA                Timeshare         19      19       0      0
                   KUHIO BANYAN HOTEL                       Timeshare         70      63       0      0
                   THE IMPERIAL OF WAIKIKI                  Timeshare        251     251       0      0
                   WAIKIKI SKY TOWER                        Timeshare         10      10       0      0
                   TOTAL                                                   1,655   1,648     226    226

HAWAI‘I
KOHALA/WAIMEA      PANIOLO GREENS RESORT                    Timeshare        162     162       0      0
/KAWAIHAE          THE BAY CLUB AT WAIKOLOA BEACH RESORT    Timeshare        167     167       0      0
                   THE GREENS AT WAIKOLOA-A106              Timeshare        180     180       0      0
KONA               CASA DE EMDEKO                           Condo/hotel        5       5       0      0
                   KONA ISLANDER INN                        Condo/hotel        6       6       0      0
                   KONA REEF                                Condo/hotel       24      24       0      0
                   SEA VILLAGE CONDOMINIUM RESORT           Condo/hotel       51      51       0      0
                   HOLUA RESORT                             Timeshare         73      73       0      0
                   KEAUHOU GARDENS CONDOMINIUM              Timeshare         68      68       0      0
                   KEAUHOU KONA SURF & RACQUET CLUB         Timeshare        193     193       0      0
                   KONA BILLFISHER                          Timeshare         65      65       0      0
                   KONA COAST RESORT AT KEAUHOU GARDENS     Timeshare        195     195       0      0
                   KONA HAWAIIAN VILLAGE                    Timeshare         78      78       0      0
                   MAUNA LOA VILLAGE                        Timeshare         53      53       0      0
                   OUTRIGGER ROYAL SEA CLIFF RESORT         Condo/Hotel       76      76       0      0
                   VACATION INTERNATIONALE                  Timeshare         28      28       0      0
                   WORLDMARK AT KONA                        Timeshare         64      64       0      0
NĀ‘ĀLEHU/KA‘Ū      COLONY ONE AT SEA MOUNTAIN, PUNALUU      Condo/hotel       28      28       0      0
                   TOTAL                                                   1,516   1,516       0      0

KAUA‘I
LĪHU‘E             BANYAN HARBOR RESORT                     Condo/hotel      39      39        0      0
                   KAUA‘I BEACH VILLAS                      Condo/hotel      95      95        0      0
                   KAUA‘I MARRIOTT RESORT & BEACH CLUB      Hotel           232     232        0      0
PO‘IPŪ/KUKUI‘ULA   NIHI KAI VILLAS (MULTIPLE MANAGERS)      Condo/hotel       3       3        0      0
                   SUNSET KAHILI                            Condo/hotel       1       1        1      1
                   EMBASSY VACATION RESORT POIPU POINT      Timeshare       210     210       10     10
                   LAWAI BEACH RESORT                       Timeshare       176     176        0      0
                   MARRIOTT WAIOHAI BEACH CLUB              Timeshare       230     230        0      0
PRINCEVILLE/       CLIFFS AT PRINCEVILLE, THE               Condo/hotel     129     129        0      0
HANALEI            CLIFFS CONDOMINIUM APARTMENTS            Condo/hotel     101     101        0      0
                   HANALEI BAY RESORT                       Condo/hotel      68      60        0      0
                   ALII KAI 2                               Timeshare        27      27        0      0
                   PAHIO AT BALI HAI VILLAS                 Timeshare        99      99        0      0
                   PAHIO AT KAEO KAI                        Timeshare        86      86        0      0
                   PAHIO AT THE SHEARWATER                  Timeshare        84      84        0      0
                   THE MAKAI CLUB AT PRINCEVILLE            Timeshare        57      57        0      0




                                                       54
                                                                                         REG. OPER.         CHANGE FROM 2005
AREA                   PROPERTY                                        TYPE             UNITS UNITS           REG.   OPER.


KAUA‘I (CONTINUED)

WAILUA/KAPA‘A          KAPAA SHORE RESORT CONDOMINIUM                  Condo/hotel           56       56           0        0
                       PONO KAI RESORT                                 Condo/hotel          189      189           0        0
                       KAUA‘I COAST RESORT AT THE BEACHBOY             Timeshare            108       95           0        0
                       KAUA‘I KAILANI I & II                           Timeshare             57       57           0        0
                       MOKIHANA OF KAUA‘I                              Timeshare             79       79           0        0
                       TOTAL                                                              2,126    2,105          11       11


MAUI
HĀNA AREA              HANA KAI MAUI RESORT CONDOMINIUM                Timeshare             17       17           0        0
LAHAINA/KĀ‘ANAPALI/    RESORTQUEST AT PAPAKEA                          Condo/hotel           35       35           0        0
NĀPILI/KAPALUA         RESORTQUEST PAKI MAUI                           Condo/hotel            7        7           0        0
                       HOLOLANI RESORT                                 Condo/hotel            9        9           0        0
                       THE SANDS OF KAHANA                             Condo/hotel          120      120           0        0
                       THE WHALER ON KAANAPALI BEACH                   Condo/hotel           50       50           0        0
                       VALLEY ISLE RESORT                              Condo/hotel           15       15           0        0
                       EMBASSY VACATION RESORT MAUI                    Other                284      284           0        0
                       HONO KOA RESORT CONDOMINIUM                     Timeshare             28       28          28       28
                       KAHANA BEACH RESORT                             Timeshare             61       61           0        0
                       THE GARDENS AT WEST MAUI                        Timeshare             34       34           0        0
                       KAHANA FALLS RESORTS                            Timeshare             70       70           0        0
                       KAHANA VILLA MAUI                               Timeshare             40       40           0        0
                       KULEANA CONDOMINIUM                             Timeshare             30       30           0        0
                       MARRIOTT'S MAUI OCEAN CLUB                      Timeshare            442      311           0        0
                       ONE NAPILI WAY                                  Timeshare             14       14           0        0
                       WESTIN KAANAPALI OCEAN RESORT VILAS             Timeshare            184      184          79       79
WAILEA/KĪHEI AREA      KAUHALE MAKAI, VILLAGE BY THE SEA               Condo/hotel           12       12           0        0
                       KIHEI AKAHI                                     Condo/hotel           10       10           0        0
                       KIHEI KAI NANI                                  Condo/hotel            8        8           0        0
                       KIHEI SURFSIDE RESORT                           Condo/hotel            9        9           0        0
                       MAUI HILL RESORT                                Condo/hotel           76       76           0        0
                       MAUI SUNSET                                     Condo/hotel           43       43           0        0
                       MENEHUNE SHORES                                 IVU                    1        1           0        0
                       KAMAOLE BEACH CLUB                              Timeshare             37       36           0        0
                       KAPULANIKAI                                     Timeshare             12       12           0        0
                       LEILANI KAI RESORT                              Timeshare              8        8           0        0
                       MAUI BEACH RESORT                               Timeshare             45       45           0        0
                       MAUI SCHOONER RESORT                            Timeshare             58       58           0        0
                       WORLDMARK AT KIHEI                              Timeshare            200      200           0        0
                       TOTAL                                                              1,959    1,827         107      107


MOLOKA‘I
MOLOKA‘I               HOTEL MOLOKA‘I                                  Hotel                15        15           0        0
                       TOTAL                                                                15        15           0        0
 STATE TOTAL                                                                              7,271    7,111         344      344

NOTE (A): Timeshare units are included in the total count of available units on each island.
NOTE (B): The number of units registered (Reg. Units) are those which have been designated for sale of timeshare. The number of units
          operated (Oper. Units) represent the units that have been sold or are available for sale as timeshare and are a subset of
          registered units.



                                                                 55
LIST OF NON-RESPONDENTS




          56
                                             NON-RESPONDENTS

The following list includes all properties which were surveyed but did not respond to the 2006 Visitor Plant Inventory
survey. Each property was sent at least one mailing of the survey form. Included here are those properties found
on the Internet through website searches.

This list is provided for informational purposes only. No value judgment is implied or intended.

        UNKNOWN
          GO CONDO HAWAI‘I                                             D&D'S BED AND BREAKFAST
          OCEANFRONT HOME - SUNSET HALE DUPLEX                         DA BEACH HOUSE
          VACATION HOME - ALII PALMS                                   DIAMOND HEAD BEACH HOTEL PLUMERIA SUITE
                                                                       DIAMOND HEAD VACATION RENTALS
        O‘AHU                                                          DIAMOND HEAD VISTA CONDO
          “THE PIPELINE”                                               DOLPHIN MANOR
          “THE SUNSET”                                                 EDMUND’S HOTEL APARTMENTS
          “THE WAIMEA”                                                 EHU KAI NORTH SHORE
          1 AAAE ALOHA HAWAI‘I VACATION HOMES                          ENCHANTED LAKES B AND B
          2121 ALA WAI                                                 FAIRWAY VILLA (MULTIPLE UNITS)
          444 NAHUA #1107, #1704, #2010                                FOUR PADDLE #605, #1910
          AALAPAPA STUDIO                                              GARDEN BY THE SEA
          ADAM AND EVE BED & BREAKFAST                                 GARDEN STUDIO
          ALA WAI 2121                                                 GIGI'S OCEANFRONT PARADISE
          ALII KAI                                                     GINGER COTTAGE
          ALOHA BED & BREAKFAST                                        HAILER HOUSE
          ALOHA BUNGALO                                                HALE HANA
          ALOHA COTTAGE (MULTIPLE UNITS)                               HALE HONU BEACHFRONT VILLA
          ALOHA LANI #2505                                             HALE KAI
          ALOHA TOWERS                                                 HALE KAIKOO
          ALOHA TOWERS #7K                                             HALE KAMPANA
          ALOHA WAIKIKI VACATION CONDOS                                HALE KIPA NA KAI
          B & B PLANTATION HOUSE                                       HALE KUPA
          BABY HONU                                                    HALE LANI BEACHFRONT
          BAMBOO INN                                                   HALE LANI HOME
          BANYAN GUEST HOUSE                                           HALE LANI TOO
          BAY DRIVE COTTAGE                                            HALE LANI VIEW
          BAY VIEW RETREAT                                             HALE MAIELE
          BE BACK HAWAI‘I ALL ISLANDS RESERVATION                      HALE MAKAI
          SERVICE                                                      HALE MOA AINA
          BEACH HOUSES IN HAWAI‘I ON O‘AHU                             HALE MOONRISE
          BEACH LANE COTTAGE                                           HALE NANI KAI
          BEACH LANE STUDIO                                            HALE NOHEAU ALOHA
          BEACH WALK                                                   HALE ONEKEA
          BEACHFRONT CONDOS - PAT'S AT PUNALUU                         HALE PUU IKI
          BEACHFRONT COTTAGES-NORTH SHORE                              HALEKAMANI OCEANFRONT COTTAGE
          BED & BREAKFAST IN MANOA VALLEY                              HAPPY HALE LANI
          BED AND BEACH                                                HARBOR SHORES APARTMENT HOTEL
          BILL & CLAIRE'S                                              HAWAIIAN ELEGANCE
          BLUE GINGER                                                  HILLSIDE HIDEAWAY
          BY THE SEA APARTMENT                                         HOKUHALE
          BY THE SEA HOME                                              HONI KAI
          BY THE SEA VIEW                                              HONU HALE (MULTIPLE UNITS)
          CARISSAS HIDEAWAY                                            HONU HALE LANIKAI
          CHATEAU WAIKIKI #3305                                        HONU KAI
          CHUN'S REEF                                                  HULA HALE (MULTIPLE UNITS)
          COCONUT HOUSE                                                ILIKAI MARINA #1081
          CORAL HOUSE                                                  ILIMA HALE
          COTTAGE BY THE SEA                                           INGRID'S
          CREST AT BLACKPOINT                                          IRONWOODS

                                                         57
O‘AHU
  ISLAND COLONY #1018, #3001                    LANIKAI HOUSE
  J & B'S HAVEN B&B                             LANIKAI OCEAN VIEW
  JIM'S BEACH HOUSE                             LANIKAI PENTHOUSE
  JOHN WALKER'S BEACH HOUSE                     LANIKAI SUMMER COTTAGE
  KAHA COTTAGE                                  LANIKAI TRADEWINDS
  KAHALA GUEST HOUSE                            LANIKAI VIEWHOUSE
  KAHALA HIBISCUS INN                           LAU HALE
  KAHALA MANSION                                LAU HALE COTTAGE
  KAI ALOHA HOTEL                               LOVELY LANIKAI
  KAILUA B&B STUDIO                             LUANA WAIKIKI (MULTIPLE UNITS)
  KAILUA BAY ESTATE                             MAHANA KONA
  KAILUA BAY PASSAGE (MULTIPLE UNITS)           MAILE KAI VILLA
  KAILUA BEACH BUNGALOW                         MAKAHA HOUSE
  KAILUA BEACH ESTATE                           MAKAHA SHORES #512
  KAILUA BEACH HALE MOANA                       MAKAHA SURFSIDE
  KAILUA BEACH HOME                             MALU LANI
  KAILUA BEACH HOUSE                            MARINE SURF STUDIOS (MULTIPLE UNITS)
  KAILUA BEACH HOUSE /TRADEWINDS COTTAGE        MASAKO HALE
  KAILUA BEACH POOLSIDE CABANA                  MEDITERRANIAN VILLA
  KAILUA BEACH RETREAT                          MELE MANUKU
  KAILUA BEACH VACATION COTTAGE                 MOANA LANI AND COTTAGE
  KAILUA BEACHSIDE                              MOANA LANUI
  KAILUA BEACHSIDE OASIS                        MOKULUA VIEW
  KAILUA BEACHSIDE RETREAT                      MOUNTAINVIEW MAUNAWILI HOUSE
  KAILUA GUEST COTTAGE                          NALO BEACH VACATION RENTAL
  KAILUA GUEST HOUSE                            NALO WINDS B&B
  KAILUA KAI (MULTIPLE UNITS)                   NANEKI'S HIDEAWAY (MULTIPLE UNITS)
  KAILUA O‘AHU BEACH RENTAL                     NANI O LANIKAI (MULTIPLE UNITS)
  KAILUA OCEAN FRONT HIDEAWAY                   NANI O LANIKAI AND COTTAGE
  KAILUA OCEANFRONT HIDEAWAY                    NORTH SHORE SURF
  KAILUA ON THE SANDS                           NORTH SHORE LANIAKEA BEACH HOME
  KAILUA POOL HOUSE                             O‘AHU LANI
  KAILUA VIEW HOUSE                             OCEAN HOUSE
  KAINUI HOME PLACE                             OCEAN HSE W/SUITE
  KAINUI HOME TREETOP HIDEAWAY                  OCEAN TREEHOUSE
  KAINUI TREETOP                                OCEAN TROPICS
  KALAKA ON THE BEACH                           OCEAN VIEW GUEST HOUSE
  KALAMA AND KALAPAWAI RETREAT                  OCEANS OF ALOHA
  KALAMA RETREAT                                OHANA COTTAGE BED AND BREAKFAST
  KALAPAWAI RETREAT                             ON THE BEACH HOUSE
  KANEOHE BAY B&B                               PACIFIC-HAWAI‘I B&B
  KE OHANA HALE                                 PALM VILLA W/SUITE
  KIRCHERS KOTTAGE                              PALMS ON KALAHEO
  KOKO HEAD OCEAN FRONT GUEST HOUSE             PARADISE ON THE BEACH
  KOKO HEAD OCEAN FRONT MAIN HOUSE              PARK STUDIO
  KOOLAU KOUNTRY OHANA HOME                     PIKO HALE
  KUI LIMA WEST 156                             PILIPU PLACE
  KUILIMA HALE                                  PLACE IN PARADISE
  LA CASA #1405                                 PLANTATION BY THE SEA (MULTIPLE UNITS)
  LAIE POINT                                    PLUMERIA STUDIO
  LANIKAI BAREFOOT                              PLUMERIA TREE APARTMENT
  LANIKAI BEACH VACATION RENTAL                 POLYNESIAN PARADISE ESTATE
  LANIKAI BEACHFRONT ESTATE HOME                PUA IKI COTTAGE
  LANIKAI BEACHHOUSE                            PUA LANI SUITE
  LANIKAI BED & BREAKFAST                       PUA MELIA
  LANIKAI CHARM                                 PUA O LANIKAI
  LANIKAI COTTAGE WITH A VIEW                   PUA O LANIKAI AND PUA IKI
  LANIKAI DREAM I                               PUA O LANIKAI VILLA
  LANIKAI DREAM II                              PUALANI'S PLACE
  LANIKAI GARDEN STUDIO                         QUIET GETAWAY
  LANIKAI HALE MAHINA                           RAINBOW INN B&B
  LANIKAI HEAVENLY SEAS                         ROYAL HAWAIIANA
                                                ROYAL KUHIO #2911

                                           58
O‘AHU
  SAND SURF COTTAGE                         AINA MALIA
  SANTA'S BY THE SEA                        AKAI HALE
  SAVANNAH'S CABANA                         ALAULA KAI
  SCILLA                                    ALII OHANA HALE VACATION HOME
  SEA BREEZE BEACH HOUSE                    ALII BEACH HOUSE
  SEASIDE TOWERS (MULTIPLE UNITS)           ALII HALE
  SONG BIRD                                 ALII HALE HONU
  SOUTH SHORE 35                            ALII LANI (MULTIPLE UNITS)
  SUITE LANIKAI                             ALII TUTU HALE
  SUNSET BEACH COTTAGE                      ALII VILLAS (MULTIPLE UNITS)
  SUNSET BEACH HOUSE                        ALOHA HEE VACATION HOME
  SUNSET BEACH VILLA                        ALOHA PARADISE BED & BREAKFAST
  SUNSET RENTALS ON DIAMOND HEAD            ALOHA SPIRIT GUESTHOUSE
  SURF AND SAND HOUSE                       ALOHA WEST HAWAI‘I PROPERTIES
  THE COTTAGE                               APA APAA HEIGHTS
  THE DOLPHIN HOUSE                         ARJA FARMS ORCHID TREE ESTATE
  THE PALM VILLA                            BANYAN TREE #201
  THE PAVILLION AT WAIKIKI #2703            BANYAN TREE #405
  THE ROYALS'                               BAY COTTAGE
  THE TRADEWINDS INN                        BEACH BANYAN
  THE TREEHOUSE                             BEACHFRONT UNIQUE PRIVATE ESTATE
  THE WINDSOR #1003                         BED & BREAKFAST HAWAI‘I
  THE YACHT KAKELA                          BIG ISLAND VACATION HOME
  TOAST OF TURTLE BAY                       BIG ISLAND VILLA
  TOWN INN                                  BLACK SAND ESTATE
  TRADEWIND BUNGALOW                        BLACK SANDS BEACH 49
  TRADITIONAL STYLE B&B                     BWANA BOB'S BANANA BUNGALOW
  TREETOP STUDIO                            BWANA BOB'S HAWAIIAN COTTAGE
  TROPIC PARADISE                           BWANA BOB'S JUNGLE COTTAGE
  TROPICAL BEACHFRONT ESTATE                CASA DE EMDEKO (MULTIPLE UNITS)
  TROPICAL BEACHSIDE HOUSE                  CASTLE SUITES AT MAUNA LOA
  TROPICAL GARDEN STUDIO                    CLAIRE'S PLACE (THE PALEY HOUSE)
  TROPICAL STUDIO                           COLONY ONE AT SEA MOUNTAIN UNIT #24
  TURTLE HOUSE                              COMFORTABLE ISLAND HOME
  TWO DUCK INN                              COUNTRY CLUB VILLAS (MULTIPLE UNITS)
  VILLA DE ESTE                             DAVID PAUL'S KULA COTTAGE
  VILLA KAI NANI                            DEEP HAWAI‘I VACATION RENTALS
  VILLA KAILUANA                            DIVE HEAVEN BED & BREAKFAST
  W HONOLULU DIAMOND HEAD                   DOLPHIN LIGHT VACATION RENTAL-KEALAKEKUA BAY
  WAIKIKI CONDO VACATION RENTAL             DOLPHIN REEF
  WAIKIKI LANDMARK                          DOLPHIN RETREAT
  WAIKIKI LEALEA                            EHU KAI
  WAIKIKI VACATION CONDOS                   ELUA AKAI
  WAIMANALO BEACH BUNGALOW                  FAIRFIELD HAWAI‘I AT ROYAL SEA CLIFF
  WAIMANALO MOUNTAIN VIEW                   FERN FOREST COTTAGE
  WAIMANALO SEA BREEZE                      FLOYD'S PLACE (HAPUU FERN COTTAGE)
  WAIMEA PLANTATION COTTAGES                FOUR SEASONS
  WHITE SANDS RESORT                        FOUR SEASONS HUALALAI (MULTIPLE UNITS)
  WHITE SANDY BEACH PENTHOUSE & PALM        FRAGRANT TREE INN & PLANTATION COTTAGES
    GARDEN                                  GRANMA´S CABIN
  WINDSURFER COTTAGE                        HAKU BEACH HOUSE
  WINDWARD BEACH RENTAL AND STUDIO          HALE ALII - LUXURY OCEANFRONT
                                            HALE HALIA ALOHA
HAWAI‘I                                     HALE HONUA RANCH
  001HAWAI‘I                                HALE HUALALAI BED & BREAKFAST
  2 BEDREOOM KAILUA-KONA HOME               HALE IKENA
  2-STORY HOME - "KOLEA COTTAGE"            HALE IKENA MAU LOA
  8 ORCHID HOUSE                            HALE KAALA
  8 SURFRIDER HOUSE                         HALE KE KAI
  A TROPICAL HIDEAWAY                       HALE KEAUHOU
  ADRIENNE'S B & B PARADISE                 HALE KEEI LANI VACATION HOME
  AHUI HOU COFFEE PLANTATION                HALE KIPA B&B


                                       59
HAWAI‘I
  HALE KONA ALAULA                                 LALAMILO
  HALE KONA MAKAI                                  LANI PAA
  HALE LIHI KAI                                    LAUAE O MAKANA
  HALE MAKA KOHALA                                 LILIKOI VINE GUEST HOUSE
  HALE NAIA                                        LILIO LANA I KA WAI
  HALE NAIA KEALAKEKUA                             MAHIOLE AT MAUNA KEA
  HALE O PANAEWA                                   MAILE COTTAGE
  HALE OLAKO                                       MAKAI HALE
  HALE OLIHI KAI                                   MAKALAPUA IKENA
  HALE ONAIA                                       MALULANI
  HALE PALAMA                                      MANGO MAKAI B&B
  HALE PELE UPSCALE OCEANVIEW HOME                 MARTY'S PLACE (HALE OPELE)
  HALE POMA NA KE KAI                              MAUKA B & B
  HALE PUEO BED AND BREAKFAST                      MAUKA BED & BREAKFAST
  HALE WAILANI                                     MAUKELE LODGE B & B
  HALEHONU BED AND BREAKFAST                       MAUNA LANI ESTATE #28
  HAWAI‘I KONA HOUSE                               MAUNA LOA VISTA
  HINA LANI HOUSE                                  MERRY'S HERB GARDEN
  HOKU MANA HOUSE                                  MOUNTAIN HOUSE & HYDRANGEA COTTAGE
  HOLOHOLO KAI HOUSE                               MY ISLAND
  HONOHALE                                         NANAWALE GUESTHOUSE
  HOONANEA COUNTRY ESTATE                          NORTH KOHALA RANCH
  IRONWOOD HOUSE BED & BREAKFAST                   OCEANFRONT A-FRAME HOME
  KAHALUU BEACH HOUSE                              OCEANFRONT CONDO - KONA BALI KAI
  KAILUA KONA OCEANVIEW HOME                       OCEANFRONT COTTAGE ON PUAKO BEACH
  KALANI GARDEN COTTAGES                           OCEANFRONT HOME
  KALANI KAI (MULTIPLE UNITS)                      OCEANFRONT HOME - "HONU WAILEA BAY"
  KALOPA ORCHARD HALE B&B                          OCEANFRONT KONA AWESOME CONDO
  KAMUELA STREAM                                   OCEANFRONT KONA SHORES CONDO
  KANALOA AT KONA #1701                            OCEANFRONT PLANTATION MANAGERS HOME
  KANALOA AT KONA OCEANFRONT                       OCEANFRONT PUAKO BEACH COTTAGE
  KAPOHA PLACE                                     OCEANVIEW PLANTATION HOME
  KAPOHO TROPICAL VACATION RENTALS                 OHANA CONNECTION VACATION/HOUSE RENTAL
  KEALAKEKUA BAY HOUSE                             OHANA COTTAGE
  KEAUHOU RESORT CONDO ON THE GOLF COURSE          OHIA GARDENS BED & BREAKFAST
  KEAUHOU-KONA PUNAHELE B-303                      OHIO COTTAGE
  KEPHART'S HAWAIIAN HALE OCEANVIEW HOME           ONE BEDROOM VACATION RENTAL HOUSE
  KOA SUNSET ESTATE                                OPIHIKAO RANCH
  KOA WOOD HALE INN - KONA                         OUR LITTLE PIECE OF THE ROCK VACATION HOME
  KOHALA ALI`I KAI                                 PAAUHAU PLANTATION HOUSE
  KOHALA LODGE                                     PAPAALOA WIND & SUN B&B
  KOHALA RANCH ESTATE #2                           PAPALOA
  KONA B&B                                         PARADISE CLIFFS BED & BREAKFAST
  KONA COAST GUEST HOUSE                           PEACE OF HEAVEN
  KONA COAST RENTAL                                PELE'S PAD - VOLCANO HOUSE
  KONA COAST RESORT AT KEAUHOU GARDENS #302        PELE'S PLANTATION
  KONA COAST RESORT UNIT I-201                     PETE & SHIRLEY'S PLACE (HALE SWEET HALE)
  KONA CONDO- SURF & RACQUET CLUB                  PI´IHONUA
  KONA COUNTRY LODGE                               PINK PROTEA
  KONA HAWAIIAN RESORT                             PRANA
  KONA NAI`A VILLA                                 PUAKO BEACH CONDO UNIT 103
  KONA NALU #105                                   PUAKO BEACH OCEANFRONT HOME
  KONA PARADISE                                    PUAKO ESTATE
  KONA SHORES #143                                 PUAKO VINTAGE BEACH COTTAGE
  KONA SUNDOWN                                     PUNA BED AND BREAKFAST
  KONA VILLA                                       PUNALUU BLACK SANDS BEACH VACATION HOMES
  KONA VILLAGE RESORT                              PUU WEI MELE
  KULANA: THE AFFORDABLE ARTISTS SANCTUARY         R & R NUT FARM
  ON HAWAI‘I'S BIG ISLAND                          RAINBOW'S INN
  KUMUKEHU ESTATE                                  RAMASHALA
  KUMUKEHU OCEAN FRONT HOME                        RBR FARMS
  LAKO HOUSE                                       SECRET GARDENS B & B GARDEN WEDDINGS


                                              60
HAWAI‘I
  STARFIRE RETREAT BED AND BREAKFAST, THE CAT        BED & BREAKFAST IKENA NANI LOA
       LOVERS BED AND BREAKFAST                      BED & BREAKFAST KAUA‘I
  STUDIO VACATION RENTAL HOUSE                       BLUE KAUA‘I (MULTIPLE UNITS)
  SUNRISE COTTAGE                                    BOULAY INN
  SUNSET COTTAGE                                     CANDY'S CABIN
  THALIA'S COTTAGE                                   CLASSIC VACATION COTTAGES
  THE BAY HOUSE                                      CLIFFS AT PRINCEVILLE (MULTIPLE UNITS)
  THE BIRD OF PARADISE BED AND BREAKFAST             COCONUT HUT COTTAGE
  THE DOLPHIN RETREAT                                COCO'S BED & BREAKFAST
  THE FRENCH QUARTERS (SHANGRI-LA)                   CONDO BY THE SEA #103
  THE INN AT VOLCANO                                 COUNTRY COTTAGE
  THE LILIKOI VINE VACATION RENTAL                   DA BUNGALOW
  THE LOG HOUSE                                      DELUXE BED & BREAKFAST
  TINA'S COUNTRY COTTAGE                             EAGLE'S NEST GARDEN STUDIO KING'S SUITE
  TOAD HALL HAWAI‘I BED AND BREAKFAST                EMMALANI COURT 312
  TREE FERN HIDEAWAY                                 EMMALANI COURT (MULTIPLE UNITS)
  TROPICAL OCEAN LODGE                               EMMANANI 3
  TWO BEDROOM VACATION RENTAL HOUSE                  FLOWER FARM COTTAGE
  ULUNIU                                             GARDEN ISLAND SUNSET VACATION RENTALS
  UPCOUNTRY KONA INN                                 GARDEN STUDIO #3
  VIE WORLD HI INC GUEST HOUSE                       GARDEN VIEW COTTAGE (MULTIPLE UNITS)
  VILLA ROSA B&B                                     GLOWING INN (MULTIPLE UNITS)
  VISTAS AT WAIKOLOA-E202                            HAENA HIDEAWAY
  VOLCANO COMFORT                                    HALE ALA TESSIE
  VOLCANO COTTAGE (MULTIPLE UNITS)                   HALE ALOHA- PALI KAI COTTAGES (MULTIPLE UNITS)
  VOLCANO COUNTRY COTTAGES                           HALE ANUINUI
  VOLCANO INN                                        HALE HANALEI
  VOLCANO RANCH                                      HALE HOKUA
  VOLCANO VACATION HOMES                             HALE HONU
  VOLCANO VACATION RENTAL                            HALE HULEIA-WITZ HOME
  WAIKOLOA BEACH RESORT (MULTIPLE UNITS)             HALE KAI (MULTIPLE UNITS)
  WHITE SANDS                                        HALE KAI KALANI
  WHITE SANDS VILLAGE #317                           HALE KEKO
  YOUNG CONSTRUCTION                                 HALE LII BED & BREAKFAST
                                                     HALE MOKULELE-SANDPIPER VILLAGE#136A
KAUA‘I                                               HALE O LALANI
  A HALE O KAI                                       HALE OKAPEKA
  A TROPICAL BED & BREAKFAST                         HALE OWAILLE
  AINALANI TROPICAL FARMS                            HALE PULELEHUA - PALI KAI COTTAGE #7B
  ALAMIHI RETREAT                                    HALE PUU ONE
  ALII KAI 4-102                                     HALE WAILELE
  ALOHA AINA B&B                                     HALELEA AT PUU POA OCEANBLUFF CONDO
  ALOHA COUNTRY B&B & VACATION RENTALS               HAMAGUCHI HALE
  ALOHA SUNSET INN COTTAGE                           HANALEI BAY APT
  ALOHA SWEET SECLUSION                              HANALEI BAY RESORT (MULTIPLE UNITS)
  AN ANGEL ABODE                                     HANALEI BAY STUDIO
  ANINI BEACH HIDEAWAY                               HANALEI BAY VILLAS (MULTIPLE UNITS)
  ANINI BEACH HOUSE                                  HANALEI HALE
  BALI HAI COTTAGE                                   HANALEI PLANTATION
  BAMBOO BUNGALO                                     HANALEI RIVERSIDE COTTAGES (MULTIPLE UNITS)
  BANANA CABANA                                      HANALUMI-HANALEI HOME RENTAL
  BANANA CABANA TROPICAL COTTAGE                     HAWAI‘I SEASHORE RENTAL
  BASIC STUDIO #4                                    HIHI MANU
  BAY COTTAGE                                        HONULANI
  BEACH COTTAGE                                      HOO WALEA
  BEACH COVE B&B                                     INN PARADISE
  BEACH DUPLEX COTTAGE                               ISLAND DREAM
  BEACH FRONT ROYAL APARTMENT                        ISLAND ENCHANTMENT
  BEACH FRONT ROYAL SUITE                            ISLAND ESCAPE
  BEACH RETREAT                                      KA HALE LEHUA
  BEACHSIDE BUNGALOWS                                KA LAE KIKI
  BED & BREAKFAST & BEACH AT HANALEI BAY             KAHA LANI (MULTIPLE UNITS)
                                                     KAHAKU

                                                61
KAUA‘I
  KAI HALE                                        PANIOLO #114
  KAI HULALI                                      PARADISE INN B&B
  KAI MALIE VACATION HOUSE                        PAVILIONS AT SEA CLIFFS
  KAI MANA                                        PEARL
  KAI NANI                                        PK WENTHE HALE
  KAIPANI 1                                       PLANTATION BED & BREAKFAST
  KALAHEA HALE                                    PLANTATION HALE UNIT K-3
  KALAHEO INN                                     PLANTATION RETREAT KAUA‘I
  KALAHEO PLANTATION ESTATES                      POHA GARDEN APT.
  KALIHI COTTAGE                                  POHA STUDIO
  KALIHIWAI RIDGE HOUSE                           POHAKU HALE
  KAMAHANA CONDO #19                              POIPU BEACH HOUSE
  KANAHA                                          POIPU BEACH RENTAL
  KAPAA COUNTRY INN                               POIPU CONDOS AT KUHIO SHORES
  KAPAA SHORE #201                                POIPU CRATER
  KAPAA VILLA                                     POIPU CRATER RESORT #10
  KAUA‘I BALI HAI ESTATE                          POIPU GETAWAY
  KAUA‘I BEACH VILLAS (MULTIPLE UNITS)            POIPU KAI RESORT
  KAUA‘I COTTAGES TROPICAL RETREAT                POIPU MAKAI (MULTIPLE UNITS)
  KAUA‘I GETAWAY VACATION                         POIPU OCEANFRONT INN BED AND BREAKFAST
  KAUA‘I NORTHSHORE HIDEAWAY                      POIPU VILLA
  KAUA‘I VACATION RENTAL-SANDPIPER VILLAGE        PONO KAI #B203
  KAULANA NAUE                                    PRINCE KUHIO (MULTIPLE UNITS)
  KAY BARKER'S B&B                                PRINCESS/CABANA/SURFSIDE RENTALS IN
  KEAPANA CENTER BED & BREAKFAST                  PUAMANA 14-A
  KEONELOA                                        PUAMANA TOWNHOUSE #2A
  KIAHUNA PLANTATION RESORT #168                  PUANANI
  KILAUEA                                         PUNANA ALOHA
  KILAUEA VILLA                                   PUU KAI
  KUHIO CONDO (MULTIPLE UNITS)                    PUU POA (MULTIPLE UNITS)
  KUHIO SHORES (MULTIPLE UNITS)                   RAINBOW BAY HOUSE
  KUMULANI ESTATE                                 REGENCY II AT POIPU KAI RESORT
  LAE NANI (MULTIPLE UNITS)                       RICHARD & DIANE'S
  LIGHT HOUSE COTTAGE                             RIDGE COTTAGE
  LILINANI 2                                      ROYAL DRIVE COTTAGES
  LITTLE RED COTTAGE                              RUNNING WATERS HOUSE
  MAHINA ULA                                      SAGADRACA DANNY J.
  MAKANA KUA                                      SANDPIPER VILLAGE (MULTIPLE UNITS)
  MALA LANI                                       SANDY BEACH HOUSE
  MALUHIA MA KA HONUA                             SEALODGE (MULTIPLE UNITS)
  MANGO'S BED & BREAKFAST                         SECLUDED HIDEAWAY B&B, A
  MANOA APT.                                      SECRET BEACH
  MANOA HOUSE                                     SECRET COVE
  MANOA STUDIO                                    STEVENSON HOME
  MAUNA KAI 23                                    STONE HOUSE
  MEADOW STUDIO                                   SUGAR MILL COTTAGES
  MENEHUNE HALE                                   SUNSET & SUNRISE SUITES
  MIKALA APARTMENT                                SUNSET CONDO AT POIPU BEACH
  NANI NANI HALE                                  SUNSET PANORAMA PENTHOUSE-HANALEI BAY
  NEW COTTAGE #5                                    RESORT
  NIHI KAI #802                                   SUNSET WATERFALL
  NIHI KAI VILLAS #504                            SUNSET WATERFALL HOUSE
  NIULANI BEACH BUNGALOW>                         SURF SONG KUHIO SHORES CONDO RENTAL
  NIULANI BEACH COTTAGE                           SUSAN'S
  NIULANI BEACH HOME                              SUZIE'S RETREAT
  NORTH RIVER HOUSE AND RIVERBANK HOUSE           SWAYING PALMS
  OCEAN VISTA HALE                                TANNER ROMAN GUEST HOUSE
  OLA HOU GUEST RETREAT                           TASSA HANALEI
  ONO ITI                                         TEAK BEDROOM APARTMENT
  ORCHID ESTATES AT POIPU                         THE ALOHA SUITE
  ORGANIC GARDEN COTTAGE                          THE ASHLEY ROSE SUITE
  PALI KAI B&B                                    THE EAGLES NEST
  PALI KE KUA (MULTIPLE UNITS)                    THE OLD STYLE

                                             62
KAUA‘I
  THE POIPU BEACH CLUB BED & BREAKFAST          HALE LEA (NAHO ALOHA)
  THE UPSTAIRS/DOWNSTAIRS BEACH HOUSES          HALE MAHINA BEACH RESORT UNIT B-206
  TIKI SUITE                                    HALE NAIA
  TROPICAL ISLAND STUDIO BY THE BEACH           HALE O LOKELANI VILLA
  TUNNELS LOFT APARTMENT                        HALE OHIA
  TUTU'S COUNTRY COTTAGE                        HALE ONO LOA UNIT 403
  VILLA KANAHA                                  HALE PUMEHANA
  VILLA MARIPOSA - PALI KAI COTTAGE #7A         HANA ALOHA HALE
  VILLAS OF KAMALII (MULTIPLE UNITS)            HANA COTTAGE (MULTIPLE UNITS)
  VILLAS ON THE PRINCE (MULTIPLE UNITS)         HANA HOUSES
  WAI AMA                                       HANA LUANA VILLA
  WAIELE STUDIO                                 HANA MALIA COTTAGE
  WAILUA BAY VIEW (MULTIPLE UNIITS)             HANA PARADISE
  WAILUA COUNTRY B&B                            HANA PLANTATION HOUSES
  WAILUA RIVER HALE                             HANA SEA RANCH COTTAGES
  WAIOHAI BEACH HOUSE                           HANA VACATION RENTAL 1
  WATERFALL HOUSE                               HAPPINESS HOUSE
                                                HAWAI‘I SHANGRI LA
MAUI
                                                HEAVENLY HAIKU
  628 SILVERSWORD                               HEMPEY'S GARDEN ISLAND BED AND BREAKFAST
 708 FAIRWAY                                    HIDDEN BLUE SURF
 808 JACARANDA                                  HIDDEN FALLS COTTAGE
 A MARRIAGE MADE IN HEAVEN                      HIDDEN SURF ESTATE
 AA PARADISE NETWORK                            HIDEAWAY 'N PARADIZE - BED & BREAKFAST
 AHINAHINA FARM BED & BREAKFAST                 HONOKEANA COVE VILLA
 AINA WAIPIO OCEANVIEW HOME                     HOTEL HANA-MAUI
 ALII HALE                                      IHILANI ESTATE
 ALII PRINCESS HALE                             ISLANDS SANDS #106
 ALOHA MAUI COTTAGES                            JADE HOUSE
 ALOHA MAUI PARADISE                            JADE HOUSE
 ANYA'S HOUSE                                   JASMINE HOUSE
 BALI HOLOKAI VILLA                             KA`ANAPALI HAWAIIANA HOUSE
 BANYAN TREE HOUSE                              KA`ANAPALI KAI ALA
 BEACHFRONT WAILEA SUNSET BUNGALOW              KAANAPALI BEACHFRONT ESTATE
 BEAUTIFUL NORTH SHORE COTTAGE                  KAANAPALI ROYAL (MULTIPLE UNITS)
 BELLADONNA B&B                                 KAANAPALI SHORES (MULTIPLE UNITS)
 BIRD OF PARADISE COTTAGE                       KAANAPALI TRAVIS HOME
 BLAIR'S ORIGINAL HANA PLANTATION HOUSES        KAHANA
 BLUE HORIZION                                  KAHANA BEACH FRONT ESTATE
 BLUE TILE BEACH HOUSE                          KAHANA OCEAN VILLA
 BY THE SEA B&B                                 KAHANA OCEANFRONT
 CASA KAIPALI                                   KAHANA SUNSET
 CHASE 'N RAINBOWS                              KAI HALE
 COCONUT GROVE I                                KALEIALOHA UNIT 215
 COCONUT GROVE VILLA #14                        KAMAOLE NALU (MULTIPLE UNITS)
 DELUXE KIHEI COTTAGE                           KAMAOLE SANDS (MULTIPLE UNITS)
 DREAMS COME TRUE ON MAUI                       KAPALUA 8
 ELDORADO F104 AT KAANAPALI BEACH               KAPALUA COOK PINES VILLA
 ENCHANTED WEDDINGS OF MAUI                     KAPALUA KAKELA VILLA
 EVA VILLA                                      KAPALUA RESORT VILLA
 EXCEPTIONAL BEACH ESTATES                      KAU`I KAI GUEST VILLA
 FANTASTIC BEACH HOME                           KAU`I KAI VILLA
 GRAND CHAMPION VILLAS                          KAUHALE MAKAI - VILLAGE BY THE SEA
 HAIKU CORAL HOUSE                              KEA LANI BEACHFRONT VILLAS
 HAIKU LODGE                                    KEIKI KAI
 HAIKULEANA COUNTRY INN                         KIHEI AKAHI (MULTIPLE UNITS)
 HALE ILIILI(2 BR/2 BA)                         KIHEI BEACH HOUSE
 HALE KAI O"KIHEI (MULTIPLE UNITS)              KIHEI BEACH RESORT (MULTIPLE UNITS)
 HALE KAMAOLE CONDOS (MULTIPLE UNITS)           KIHEI BED & BREAKFAST
 HALE KOHOLA                                    KIHEI COVE COTTAGE
 HALE KOKOMO                                    KIHEI EXECUTIVE HOUSE UNIT A, C, D
 HALE KUAU SUNSET ESTATE                        KIHEI KAI NANI (MULTIPLE UNITS)
  HALE LANI BED & BREAKFAST                     KIHEI PENTHOUSE UNIT A & UNIT B

                                           63
MAUI
  KIHEI SURFSIDE (MULTIPLE UNITS)                         PUUNOA BEACH APT. 203
  KOA KAI APARTMENTS (MULTIPLE UNITS)                     PUUNOA BEACH ESTATES #205
  KOKEA FARM                                              RAY & EDY ROBERTS BED & BREAKFAST
  KUAU POOL HOUSE                                         ROYAL MAUIAN (MULTIPLE UNITS)
  KULA COTTAGE                                            SANDY BLUE SURF
  KULA LUXURY COTTAGE                                     SANDY SURF ESTATE
  KULA LYNN FARM                                          SAPPHIRE SEAS BEACH ESTATE
  LAHAINA B&B                                             SEA ESCAPE
  LAHAINA SHORES BEACH RESORT, UNIT #312                  SEABREEZE NORTH (MULTIPLE UNITS)
  LAHAINA TRAVIS HOME                                     SECRET GARDENS BED & BREAKFAST
  LITTLE WHITE HOUSE ON HANA BAY                          SOUTH MAUI BED AND BREAKFAST
  LOKELANI A-204                                          SOUTH MAUI CONDO RESORTS-HALEAKALA SHORES
  LOKELANI UNIT A-205                                     SPRECKS PLANTATION HOUSE
  MAALAEA BAY RENTALS                                     SPYGLASS HOUSE
  MAKANA NUI                                              SUGAR BEACH (MULTIPLE UNITS)
  MAKAWAO INN                                             SUNSET HALE
  MAKENA MAKAI                                            TAHITIAN PAVILION
  MAKENA SURF (MULTIPLE UNITS)                            THE EMPRESS AT KA`ANAPALI
  MAMA'S BEACH COTTAGES                                   THE PAVILION
  MANA KAI RESORT(MULTIPLE UNITS)                         THE WHALER (MULTIPLE UNITS)
  MANGO BLUE SURF                                         THREE LEIS INN
  MANGO SURF VILLA                                        ULLA
  MAPUNA PAVILION                                         VALLEY ISLE RESORT #1101
  MAUI BANYAN (MULTIPLE UNITS)                            VERDE PACIFICA ESTATE
  MAUI GOLDEN BAMBOO RANCH                                VISTA VILLA
  MAUI HAWAI‘I COLLINS' OHANA                             WAILEA BEACH ESTATE
  MAUI HOME STAY                                          WAILEA BLUE SEA
  MAUI KAMAOLE RESORT (MULTTIMPLE UNITS)                  WAILEA COTTAGE
  MAUI ONE BED AND BREAKFAST                              WAILEA EKAHI VILLAGE #5A
  MAUI UPCOUNTRY COTTAGE                                  WAILEA EKAHI VILLAGE CONDOS #16B, #16D
  MAUI UPCOUNTRY HOME                                     WAILEA EKAHI VILLAGE CONDOS #16E
  MAUI VISTA (MULTIPLE UNITS)                             WAILEA EKAHI VILLAGE CONDOS #38A
  MEDITERRANEAN SUNSET VILLA                              WAILEA EKAHI VILLAGE CONDOS #48E
  MOANA HIDEAWAY                                          WAILEA EKAHI VILLAGE CONDOS #7F
  MOKU HALE                                               WAILEA EKAHI(1 BR/1 BA)
  MOMI KAI HALE                                           WAILEA EKOLU(2 BR/2.5 BA)
  MOONLIGHT GARDEN B&B                                    WAILEA ELUA #1204
  MT THOMAS CONDOMINIUM                                   WAILEA ELUA VILLAGE #1402
  NAPILI BAY RESORT 110, 111                              WAILEA OPAL SEA
  NAPILI KAI BEACH CLUB                                   WAILEA SUN & SEA VILLA
  NAPILI SHORES (MULTIPLE UNITS)                          WAILEA SUNSET BUNGALOW
  NO KA OI HALE                                           WAILEA SUNSET ESTATE
  NORTH SHORE HIDEAWAY                                    WAILEA'S PARADISE BEACH BUNGALOW
  OCEANFRONT STUDIO AT PAPAKEA RESORTS                    WAIOHULI BEACH HALE(1 BR/1 BA (DELUXE))
  ORCHID HOUSE BED & BREAKFAST                            WAIOHULI BEACH HALE(1 BR/1 BA (STANDARD))
  PACIFIC VILLA                                           WEST MAUI LODGE
  PAIA BEACH HOUSE                                        WHALE WATCH HOUSE
  PAIA GARDENS                                            WHALER'S WAY B&B
  PAKI MAUI UNIT (MULTIPLE UNITS)                         WHAT A WONDERFUL WORLD BED & BREAKFAST
  PALI MALUHIA BED AND BREAKFAST COTTAGE
  PAPAKEA OCEANFRONT RESORT G-204 & B-201        MOLOKA‘I
  PAPAKEA OCEANVIEW G-206                                1181 CONDO
  PAPUA PLACE                                            AHI PLACE B&B
  PARADISE GUEST COTTAGE                                 HOTEL MOLOKA‘I
  PARKSIDE MAUI #112                                     KENANIKAI CONDO UNIT #106
  PATEY'S PLACE ON MAUI                                  KEVIN - KALUAKOI
  PLUMERIA BLUE SURF                                     MOLOKA‘I HILLTOP COTTAGE
  PLUMERIA SURF VILLA
                                                 LĀNA‘I
  POLO BEACH CLUB #505
  POLO BEACH VILLA                                        AALA HALE
  PUALANI                                                 HALE MOE B&B
  PUKALANI COTTAGE
  PULELEHUA AT KAPALUA

                                            64
PLANNED ADDITIONS AND NEW DEVELOPMENTS




                  65
                                    TABLE 7: PLANNED ADDITIONS TO AND SUBTRACTIONS FROM O‘AHU SUPPLY

                 ISLAND OF O‘AHU                                                              ESTIMATED
                                                    PLANNED TYPE          PLANNED UNITS                                                          NOTES
                 NAME OF FACILITY                                                            COMPLETION
                                                                                             369 completed
      Ko Olina Beach Club at the Ko Olina                                                     125 by 2008       A 28-acre, 4-tower beachfront timeshare project, with two towers
                                                       Timeshare                 750
      Resort and Marina                                                                       140 by 2009       completed and a third under construction.
                                                                                              rest by 2010
                                                                                              400 by 2008       Design is underway for initial increment; land is zoned and all
      Ko Olina Resort and Marina                       Timeshare             Up to 3,286
                                                                                              rest by 2015      infrastructure in place.
                                                                                              400 by 2008       Negotiations are under way on building the next hotel. Total hotel,
      Ko Olina Resort and Marina                          Hotel                 3,610
                                                                                              rest by 2015      timeshare and resort condo units may be over 4,000.
      Waikiki Beach Walk                                                        -955                            A major, 8-acre redevelopment project in Central Waikiki. It includes
       Demolition of five old hotels                     Hotel                  -579        Completed 2005      three main elements. An area where three old hotels were demolished
       Fairfield Hawaii (conversion)                   Timeshare                -285            2006            is being rebuilt as a 2-story retail complex. Another area with two old
       Embassy Suites (conversion)                       Hotel                  -458            2006            high-rise hotels is being cleared for the construction of a super-luxury
       Outrigger Reef renovations                        Hotel                   -95          Uncertain         condo hotel. Three other large hotels are being either converted to
       Construction of Trump Tower                     Condo hotel           Up to +462       Uncertain         suites or renovated.
66




      Grand Waikikian at the Hilton Hawaiian
                                                       Timeshare             331 or more         2008           Construction is to start the second half of 2006.
      Village
      Aloha Tower redevelopment                                                                                 The total project includes the existing Aloha Tower Market-place, the
                                                          Hotel                 60-80
      Pacific Quay’s hotel element Unnamed Pier                                            Not Yet Determined   300-unit Pacific Quay condo project at Piers 5 & 6, and eventual
                                                          Hotel                  250
      ii hotel project                                                                                          redevelopment of both Piers 10 and 11.
      Laie Marriott Courtyard                             Hotel                  220             2008           The project will replace the existing 49-unit Laie Inn.

      Kuilima Resort (an expansion of the Turtle         Hotel               Up to 2,500                        Project layout and road work plans being refined; applying for a
                                                                                           Not Yet Determined
      Bay Resort)                                        Condo               Up to 1,000                        subdivision permit. No announced construction plans.
                                                                                                                Hotel construction is expected to start around 2010, after the adjacent
      Hoakalei Resort at Ocean Pointe                     Hotel               Up to 950          2012
                                                                                                                marina is completed.
     Source: City and County of Honolulu Planning and Permitting Department, 2006.
     TABLE 8: PLANNED ADDITIONS TO AND SUBTRACTIONS FROM HAWAI‘I SUPPLY

        ISLAND OF HAWAI‘I
                                   PLANNED TYPE        PLANNED UNITS         ESTIMATED COMPLETION   NOTES
        NAME OF FACILITY

        Gideon Sorokin             Multi-Family        17                    N/A                    SMA Cont.
        Keith Unger                Multi-Family        100                   N/A                    SMA Cont.
        D-Bar Ranch, LLC           Multi-Family        120                   N/A                    SMA Denied (On Appeal)
        Jimmy Lee & Sui Chan       B&B                 1                     N/A                    SPP Approved
        Lotus Sanderson            B&B                 5                     N/A                    SPP Approved
        Pat Fay and Mary Roblee    B&B                 2                     N/A                    SPP Approved
       Source: County of Hawai‘i Planning and Permitting Department, 2006.
67
                                     TABLE 9: PLANNED ADDITIONS TO AND SUBTRACTIONS FROM MAUI SUPPLY

                 ISLAND OF MAUI                                                  ESTIMATED
                                              PLANNED TYPE    PLANNED UNITS                                                     NOTES
                NAME OF FACILITY                                                COMPLETION
                                                                                               SMA Permit was approved by the Maui Planning Commission in April
                                                                                               2002. A two-year time extension on the period to initiate construction was
     Kahului Airport Hotel                        Hotel            140              N/A
                                                                                               granted by the Maui Planning commission in April 2004. Applicant was to
                                                                                               reexamine construction costs.
                                                                                               SMA application was submitted in December 2002. EIS was accepted by
                                                                                               the Maui Planning Commission in August 2003. Public hearing on the
                                                                                               SMA application was conducted in February 2004. Intervener status was
                                                                                               granted to Kaanapali Alii AOAO, the Kaanapali Alii Rental Owners
     Maui Ocean Club Sequel                     Timeshare          146          January 2009   Corporation, and some individual owners at the Kaanapali Alii in April
                                                                                               2004. The initial mediation session ended in an impasse with the
                                                                                               individual owners at the Kaanapali Alii group and a settlement with the
                                                                                               other parties. A contested case hearing has been scheduled with Glenn
                                                                                               Kosaka, Esq. serving as the hearings officer.
                                                                                               SMA issued in January 2002. Maui Palms Wing would be linked to
68




     Maui Palms Redevelopment                     Hotel            136              N/A        adjacent Maui Beach Hotel. Project construction was initiated in
                                                                                               November 2004.
                                                                                               Property was sold to Maui Land and Pineapple Company in the fall of
                                                                                               2004. Kapalua Bay LLC proposed to redevelop the project site into the
                                                                                               Residences of Kapalua Bay, 140-150 two to three bedroom homes
     Kapalua Bay North Wing Expansion             Hotel            128              N/A
                                                                                               instead. Kapalua Bay LLC is doing an Environmental Impact Statement
                                                                                               and has applied for a Special Management Area Use Permit for this
                                                                                               project.
                                                                                               Project received Special Management Area Use Permit approval from the
     Westin Kaanapali Ocean Resort Villas
                                                Timeshare          258              N/A        Maui Planning Commission in October 2004. Project going through the
     Expansion Project
                                                                                               building permit process.
                                                Hotel Units   628 Hotel Units                  Project received Special Management Area Use Permit approval from the
     Honua Kai Project (Kaanapali)                                                  N/A
                                               Townhouses     72 Townhouses                    Maui Planning Commission in February 2005.
                                                                                               SMA application submitted in October 2003. Maui Planning Commission
     Maui Lu Redevelopment                      Timeshare          388              N/A        issued a Findings of No Significant Impact on the Final Environmental
                                                                                               Assessment in September 2004.
                              TABLE 9: PLANNED ADDITIONS TO AND SUBTRACTIONS FROM MAUI SUPPLY – cont.

                  ISLAND OF MAUI                                                         ESTIMATED
                                                    PLANNED TYPE        PLANNED UNITS                                                NOTES
                 NAME OF FACILITY                                                       COMPLETION


                                                                                                     Project was previously operated as the Silver Cloud Ranch. Project
      12-Bedroom Bed and Breakfast Operation         Bed & Breakfast                       N/A       received State Land Use Commission Special Use Permit in May 2004 and
                                                                                                     a Conditional Permit in 2005


                                                                                                     The project received a Special Management Area Use Permit approval in
      Wailea MF-9 Project                                 Hotel              120           N/A
                                                                                                     December 2004.



                                                                          12 Rentable                Applications for a Conditional Permit and Land Use Commission Special
      Hale Akua Shangrila                             Health Retreat                       N/A
                                                                            Rooms                    Use Permit were submitted in February 2005.
69




     Source: County of Maui Planning and Permitting Department, 2005.
              No response received in 2006.
                                     TABLE 10: PLANNED ADDITIONS TO AND SUBTRACTIONS FROM KAUA‘I SUPPLY

                   ISLAND OF KAUAI                                                                ESTIMATED
                                                      PLANNED TYPE           PLANNED UNITS                                                       NOTES
                   NAME OF FACILITY                                                              COMPLETION
                                                   Resort, Single-Family,                                     Project will feature high-end residential development mainly catering to the
      Kukuiula – Kukuiula Development Co.                                   1,500 residential,
                                                     Multi-Family, Golf                          Not Known    mainland second home market. Small resort component (60 units).
      (Hawaii), LLC                                                          60 hotel rooms
                                                          Course                                              Entire project in the Visitor Destination Area (VDA).
                                                                                                              Land use permits issued.
      Kapalawai – Robinson Family                   Hotel – cottage type        250 units        Not Known
                                                                                                              Building permits not applied for yet.
                                                                                                              No entitlements yet obtained. Project is very conceptual at this stage. Very
      Pakala Resort - Robinson Family                      Hotel                   N/A           Not Known
                                                                                                              long way off yet.
                                                                                                              No entitlements yet obtained. Project is very conceptual at this stage. Very
      Kaluapuhi – Robinson Family                          Hotel                   N/A           Not Known
                                                                                                              long way off yet.
                                                                                                              Property recently purchased. Permits are contemplated to be applied for in
      Poipu Sheraton Expansion – Starwood               Time Share              150 Units        Not Known
                                                                                                              2005.
                                                                               Approx. 500
      Knudsen Trusts                                    Residential                              Not Known    State Land Use District petition filed with the State Land Use Commission.
                                                                             residential units
                                                                                                              Zoning recently approved but density not determined. Permits cancelled.
      Nawiliwili Running Waters - A&B               Hotel - cottage type        Uncertain        Not Known
                                                                                                              Water is main development constraint.
      Nukolii Hotel Expansion - Haseko Corp.        Hotel - cottage type        Uncertain        Not Known    Entitlements not yet obtained. No info. on the project has been provided.
70




      Kiahuna - Knudsen Trusts and Kiahuna                Single            300 single-family
                                                                                                 Not Known    Approximately 500 multi-family units are applying for permits.
      Partners                                          Multi-Family        1,100 multi-family
                                                                                                              There have been inquiries on this property, but no formal permit
      Princeville - Moody property                  Hotel or Timeshare          Uncertain        Not Known
                                                                                                              applications.
      Princeville - Diamond West                        Multi-Family                85           Not Known    Permits have been issued, but project not built.
      Princeville - Pukanala                            Multi-Family               110           Not Known    Permits have been issued, but project not built.
      Princeville - Phase II - Central Plateau     Single-& Multi-Family           430           Not Known    Entitlements not yet obtained. General Plan designation however granted.
                                                                                                              Entitlements obtained. Permits not yet obtained. Portions of the project
      Princeville - Phase II Western Plateau       Single-& Multi-Family           400           Not Known
                                                                                                              area have been developed.
                                                                                                              Entitlements obtained. Permits not yet obtained. Water and sewer are
      Waimea - Kikiaola Land Co. Hotel                     Hotel            Approximately 250    Not Known
                                                                                                              main constraints.
      Waipouli - Niu Plia Farms                            Hotel                   300           Not Known    Permits approved. Project more than likely inactive.
      Waipouli - Niu Plia Farms                            Hotel                   390           Not Known    Permits approved. Project more than likely inactive.
                                                                                                              Permits approved. Project more than likely inactive. Previous permits may
      Waipouli - Royal Plantation Gardens               Multi-Family               100           Not Known    be cancelled and new permits may be applied for to develop affordable
                                                                                                              housing units on this site.
     Source: County of Kaua‘i Planning and Permitting Department, 2006.
                                       TABLE 11: HOTEL AND CONDO/HOTEL CONVERSIONS TO CONDOMINIUM IN 2006


                                                                                                                                                                                     Estimated Units
                                                                                                                                               # Units Removed   # Units Converted    Available for
                                                                                  Previous                  # Units Prior to   # Units Added      This Year        to Condo This     Resident Use or
     Location            Property Name (Former Name)                                Type                      Conversion         This Year                              Year           Hotel Pool

     O‘AHU                 Ala Moana Hotel                                          Hotel                        1,143               11                 0             1,154            1,154

                           Aqua Palms & Spa (Waikiki Parkside)                      Hotel                          255                 7                                262              262

     O‘AHU SUBTOTAL                                                                                              1,398               18                0              1,416            1,416

     HAWAI‘I

     HAWAI‘I SUBTOTAL

     KAUA‘I                Hilton Kauai Beach Resort (Radisson Kauai Beach)         Hotel                          345                 0               0                345              345

     KAUA‘I SUBTOTAL                                                                                               345                 0               0                345              345
71




     MAUI                  Outrigger Aina Nalu (Ohana Maui Islander)                Hotel                          276                 0             141                135              135

     MAUI SUBTOTAL                                                                                                 276                 0             141                135              135

     STATE TOTAL                                                                                                 2,019               -18             141              1,896            1,896
     Source: Conversions as reported via the 2006 Visitor Plant Inventory Survey Form or follow-up interviews.

				
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