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Coco Palms Sold for $22 Million

slip

slip

TUG Review Crew: Veteran
TUG Member
Joined
Mar 5, 2011
Messages
13,321
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19,607
Location
U'alapue/Kaunakakai, Hawaii
Resorts Owned
Pono Kai, 16 wks; Maui Schooner, 1 EOY Wk; 1 week Ke Nani Kai; WaveCrest Condo, Molokai, HI
I missed this post. I wonder what the future holds for the development of the property? The buyer is not buying it to let it just sit in ruins, they will want to build something on that valuable land. I know they will have to raise the level a lot to keep a hurricane from doing the same damage to whatever they build. I wonder if this is a cover for a timeshare company. Hilton has nothing on Kauai and has just about finished Maui. Although they will have Point at Poipu, but it's not Hilton.

What an ideal spot for a nice hotel or timeshare. Wow, I would consider buying (resale).
 
rickandcindy23 said:
I missed this post. I wonder what the future holds for the development of the property? The buyer is not buying it to let it just sit in ruins, they will want to build something on that valuable land. I know they will have to raise the level a lot to keep a hurricane from doing the same damage to whatever they build. I wonder if this is a cover for a timeshare company. Hilton has nothing on Kauai and has just about finished Maui. Although they will have Point at Poipu, but it's not Hilton.

What an ideal spot for a nice hotel or timeshare. Wow, I would consider buying (resale).
Click to expand...

I think the key is what the county will let them build.
 
slip said:
I think the key is what the county will let them build.
Click to expand...
You are assuming that the rule of law will prevail over those who consider any development on the site as a desecration of sacred land. As evidenced by the Thirty-Meter Telescope project, I'm not sure that's a valid assumption.
 
T_R_Oglodyte said:
You are assuming that the rule of law will prevail over those who consider any development on the site as a desecration of sacred land. As evidenced by the Thirty-Meter Telescope project, I'm not sure that's a valid assumption.
Click to expand...

I’m not assuming anything, all of the other plans called for the property to be rebuilt to the old foot print. That could be a sticking point for some developers. If the county changes their mind on that, it may make a difference for development. But the push back because of the sacred land issue, could stop any changes to the county’s thinking.

Building to the old foot print may not work in this day and age with the competition with very nice new places to stay.
 
We are leaving Maui Schooner tomorrow for Kahana Falls. There are many rules to limit the spread of COVID. No more than 25 people in the pool (we never saw more than 10 at one time during the day). Masks are required to and from the pool. The management is requesting that you sign up to use the pool, hot tub (no more than 3 family members at a time) and reserve the grills. You can only access the office from the front. The hallway door is locked. The office staff is tense, trying to stay safe!
 
Mimi said:
We are leaving Maui Schooner tomorrow for Kahana Falls. There are many rules to limit the spread of COVID. No more than 25 people in the pool (we never saw more than 10 at one time during the day). Masks are required to and from the pool. The management is requesting that you sign up to use the pool, hot tub (no more than 3 family members at a time) and reserve the grills. You can only access the office from the front. The hallway door is locked. The office staff is tense, trying to stay safe!
Click to expand...

Wrong thread?

Dave
 
I drove past the Coco Palms yesterday. Wow! it is a mess. The buildings to the South are wood frame construction and it was just a skeleton - - it looked like it could fall over on its own or go up in flames with a single match. The buildings to the north are reinforced concrete construction but it looked like it was just a shell as well. It made me wonder if after 27 or 28 years of being exposed to the elements (including salt spray) if anything could be saved. I suspect that the whole place will need to be taken down.
 
Not sure if I really believe this, but supposedly the rebuild has begun:

beatofhawaii.com

Coco Palms Kauai Rebuild Starts Now | Unbelievable?

Here comes Coco Palms 2026. Despite the horrendous traffic, no beach, plus development, cultural, and staffing concerns, redevelopment of the long-gone resort starts now.
beatofhawaii.com beatofhawaii.com
 
Here's an update from the news a few days ago. shaka

 
I always get a crack out of the people that oppose it for one reason or another. If you want to control the fate, get your own consortium of investors together and make an offer. Then you can turn it into a park or whatever you want.
 
artringwald said:
The Never Ending Story continues.

www.thegardenisland.com

Coco Palms Resort a hot topic at county council meeting - The Garden Island

Coco Palms Resort a hot topic at county council meeting – Hawaii News, Politics | The Garden Island
www.thegardenisland.com www.thegardenisland.com
Click to expand...
We just went by the Coco Palms this past week when in Kauai. It looks so sad having been partially demolished with a fence around it. Quite an eyesore in what could be made into a nice place in Kauai.

The traffic in Kauai in certain places can be quite difficult to deal with. We went through this area twice without any backup so while I certainly can agree that traffic can be bad I am not sure that this location is one of the bad areas. However, we did have two major backups while there. On Sunday May 7th we tried to go from Kapaa to Lihue around 1:00 PM and the traffic wasn't just bad it wasn't moving alone at all. We turned around and spent the day around Kapaa and bought some nice fish for dinner before going back to Princeville. Then on Friday around 3:00 PM we went to Hanalei from Princeville. No problem getting over the bridge, but on the other side of the bridge the traffic waiting to go over the bridge was backed up all the way to the center of Hanalei. We had gone to Hanalei around the same time a few days earlier without incident on a clear day. However, this time it was raining lightly and this traffic backup made us panic that there was a flash flood warning that we didn't hear about it and the cars were leaving Hanalei before the bridge was closed.

Based on these incidents I certainly don't disregard the claim that traffic is bad in Kauai and that no further development should be approved. We had NO problem with the traffic when we drove around for a week except for these 2 incidents which were really bad. Therefore, I feel that the traffic problems are location specific just like anywhere else.(We were in bumper to bumper traffic leaving the airport Saturday Afternoon in Honolulu.). Are they preventing any type of development in Hanalei and Lihue due to the traffic problems?
I am wondering if the mention of traffic problems are just a way to prevent the development of Coco Palms.
 
I got the vibe from most locals that they didnt want tourists there.....So I won't go and will spend my money elsewhere.
 
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