KAPOLEI, HAWAII — CNL Lifestyle Properties has acquired Hawaiian Waters Adventure Park, located in Kapolei on Oahu, as part of a sale-leaseback transaction. CNL will lease the property to its previous owner, Melbourne, Australia-based Village Roadshow Limited, under a long-term agreement. First opened in 1999, the water park covers 29 acres and can accommodate 6,000 guests. It is Hawaii’s only water park and was acquired by Village Roadshow in 2008. This summer, the Village Roadshow plans to rename the theme park Wet ‘n’ Wild Hawaii. It will also open a second location for the brand in Phoenix.