Construction on the $135 million redevelopment of the iconic Coco Palms Resort on Kauai is expected to start in January, Pacific Business News has learned.
Coco Palms Hui, headed by Chad Waters and Tyler Greene, is in the final stages of demolishing the shuttered East Kauai hotel that will become a 350-room Hyatt-branded resort.
The Honolulu-based developer gave an update on the project to stakeholders and others at an invitation-only event in Honolulu on Friday evening.
WATG is the architect of record for the project with Ron Agor as an architectural consultant and project manager. A general contractor is expected to be selected in the next 30 to 45 days, according to Greene, who added that his company is also seeking investors for the redevelopment of the Coco Palms Resort.
Coco Palms Hui acquired the property for $23 million. In June, it started the $3.5 million demolition of the resort, which had been closed since being severely damaged by Hurricane Iniki in 1992.
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