Coco Palms Resort of Kauai to Reopen in 2017 Under Hyatt Management

In 1992, the Coco Palms Resort on the island of Kauai was forced to close their doors due to the devastation caused by Hurricane Iniki.  Since then, several investment groups had expressed interest in redeveloping the property, but for various reasons, none were able to do so.  In 2013, a locat investment group calling themselves the Coco Palms Hui LLC purchased the property for $12.3 million and a just this past week announced that they will be reopening the 363-room resort to guests in 2017 under the management of Hyatt. Tyler Greene, the manager of Coco Palms Hui LLC, stated, "Our endeavor to revitalize the grounds and rebuild, all the while preserving the soul of the iconic resort, is an ambitious project. We are delighted to join forces with Hyatt, another Hawaiian icon of hospitality that has been delivering authentic hospitality to guests for over 30 years in Hawaii."

Bernard Carvalho Jr., the mayor of Kauai, added, "The redevelopment of The Coco Palms Resort is not just a feel-good story. The investment of time, money and labor to revitalize the resort grounds and reignite the spirit of this legendary hotel is great news for our community. Hyatt's brand presence in our community with Grand Hyatt Kauai Resort & Spa is exemplary and we look forward to Hyatt's contributions as our community continues to grow in importance as a tourist destination."

Source: Honolulu Star Advertiser, 5-22-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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