Coco Palms Redevelopment Construction to Start in January

Jim Karlovsky, RB | (808) 282-7981 Local Kauai News , Real Estate Leave a Comment

Courtesy of Agor Architects

Courtesy of Agor Architects

Pacific Business News reports that construction of the new Hyatt-branded hotel going on the site of the historic Coco Palms Resort in Kapaa is schedule to commence in January of 2017.  The $3.5 million demolition project is currently in its final stages.  The hotel is planned to become a 350-room resort at part of a new upscale luxury collection called the The Unbound Collection, which will include other hotels in Texas, Paris and Uruguay, as well.

The former Coco Palms Resort has now been closed for 24 years (since Hurricane Iniki).  The current owner purchased the property for $23 million years ago, and in June started the $3.5M demolition project.  The project is scheduled to be completed in the second quarter of 2018.

 

 

About the Author

Jim Karlovsky, RB | (808) 282-7981

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Having worked as a licensed Real Estate Broker in 3 states (HI, CA & IL), with $6.7 Billion in real estate sold, leased, advised upon and/or formally valued for clients, and with the experience of more than 150 completed transactions involving luxury residential, vacant land, retail, office and industrial property types, I bring a wealth of knowledge and experience to the real estate advisory and sales services I provide to my clients here on Kauai. I hold myself to the highest ethical standards and always place my clients’ interests above my own. With an unwavering and unsurpassed work ethic, I work to advance the objectives of my clients with integrity and in a manner that fosters a sense of trust and respect.