As most everyone knows by now, the 1,103 acres at Princeville Resort in Hanalei, which includes the Prince Golf Course, sold late last year for $343 Million, and the new ownership group hired Discovery Land Company, a full-service real estate development company based in Scottsdale, Arizona, to manage it. Intended to be an exclusive, luxury private club community and resort, Discovery Land Company branded the development the “Hanalei Club,” and flew in their sales team earlier this year and began setting up their sales office in the former Prince Golf Course clubhouse. Well, now just a few months later, the Garden Island Newspaper and other news sources are reporting that Discovery Land Company will no longer be managing the project.
In a statement from ownership, a representative explained, “Discovery Land Company will no longer be managing our resort at Princeville at Hanalei… As stewards of Princeville at Hanalei for more than 10 years, The Resort Group takes its role on the North Shore and within the community very seriously. We appreciate all that Discovery Land Company has done for us during this time, and consider them experts at what they do… We remain committed to the sustainable, environmentally focused development of this uniquely beautiful location, and we expect to maintain nearly all of the local employment positions associated with the project.”
No other news regarding new management or other changes to the development plan is available at this time.
To read more about the sale of this property and original proposed development plan, read the article, “$343 Million Princeville Resort Sale Second Largest in Record-Setting Year for Hawaii.”
Contact Jim Karlovsky for more information, or for any other assistance with your Kauai real estate needs.