In 1975 ML&P incorporated Kapalua Land Company, Ltd. as its subsidiary dedicated to resort development. Maui Pineapple Company, Ltd. was established as its subsidiary devoted to pineapple and other agricultural operations. In 1975 the company opened its first golf course. Two other golf courses, homes, luxury condos, and another hotel (The Ritz-Carlton, Kapalua) followed over the next two decades. In 1978, ML&P dedicated of coastal land to establish the Honolua-Mokule'ia Marine Life Conservation District. In 1988, ML&P committed of its West Maui land, including Puu Kukui, the summit of the West Maui mountain range, to conservation. This area eventually became the Puu Kukui Watershed Preserve, one of the largest private nature preserves in Hawaii.