The parcel is located on the Island of Hawaii, within the master planned Waikoloa Beach Resort (the “Resort”), and is strategically situated between the only two shopping centers within the Resort, Kings’ Shops and Queens’ Marketplace. The Property is located along the Kohala Coast, known for luxury hospitality including the Four Seasons Hualalai, Mauna Lani Resort, Fairmont Orchid, and Mauna Kea Resort among others. The Property is one of very few remaining undeveloped parcels in the Resort and is being sold with the CV-10 (Commercial Village) zoning designation including the availability of water, sewer and power stubbed to the property. Waikoloa Beach Resort is also the only resort area on the Kohala Coast that allows timeshare within the CC&R’s. Currently there are just 5 completed timeshare properties within the Resort, however there are plans for an additional 900 units plus over 200 affordable housing units in the Resort.