Coco Palms investors to choose national hotel brand for upcoming restored Coco Palms
By: Duane Shimogawa
Reporter-Pacific Business News
The Honolulu investment group that has plans to restore the iconic Coco Palms Resort on Kauai to its original glory plans to select a “nationwide” hotel operator in two weeks, and start demolition and construction on the site as early as the third quarter of this year, the investors told PBN.
Coco Palms Hui, which is led by investors Chad Waters and Tyler Greene, gave a general update on the project to the Kapaa Business Association on Thursday.
Just a couple of months ago, the project received a big push when the Kauai County Council gave the developers two more years of planning and permitting time to rebuild the East Kauai resort, which was featured in the Elvis Presley movie, “Blue Hawaii” but suffered extensive damage from Hurricane Iniki in 1992.
The extended period was given due to the council’s vote to defer a repeal of the “Iniki ordinance,” which gives the developers more time to work on the project.
The plan is rebuild the resort with up to 390 units with a target date to reopen in late 2015 or early 2016.
source: http://www.bizjournals.com
By: Duane Shimogawa
Reporter-Pacific Business News
The Honolulu investment group that has plans to restore the iconic Coco Palms Resort on Kauai to its original glory plans to select a “nationwide” hotel operator in two weeks, and start demolition and construction on the site as early as the third quarter of this year, the investors told PBN.
Coco Palms Hui, which is led by investors Chad Waters and Tyler Greene, gave a general update on the project to the Kapaa Business Association on Thursday.
Just a couple of months ago, the project received a big push when the Kauai County Council gave the developers two more years of planning and permitting time to rebuild the East Kauai resort, which was featured in the Elvis Presley movie, “Blue Hawaii” but suffered extensive damage from Hurricane Iniki in 1992.
The extended period was given due to the council’s vote to defer a repeal of the “Iniki ordinance,” which gives the developers more time to work on the project.
The plan is rebuild the resort with up to 390 units with a target date to reopen in late 2015 or early 2016.
source: http://www.bizjournals.com
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