If you’ve been in Hawaiʻi long enough, you’ve probably read this headline before: Coco Palms is moving forward.
This time, the developers have secured $431 million in financing, a major milestone that should finally allow construction to begin on the long-awaited restoration of the iconic Kauaʻi resort. That’s significant, and unlike many previous announcements, money is now on the table.
Over the three decades since Hurricane Iniki (1992) destroyed Coco Palms, the property has seen multiple owners, lawsuits, protests, permit battles, shifting timelines, and more promised reopening dates than anyone can count. The latest target is now 2028.
We genuinely hope this one succeeds. Coco Palms deserves better than another decade of sitting behind a chain-link fence. But after years of announcements followed by delays, we’ll save the celebration until we see cranes in the air, hotel walls going up, and eventually, guests checking in.
What We Think We Know
- Owner / Developer: Reef Capital Partners, a Utah-based developer
- Brand: Kimpton, part of IHG
- Manager: Highgate
- Announced Financing: $431 million
