Media
X-Caliber $431MM Financing Close
Coco Palms secured $431 million in construction financing in June 2026, a milestone that puts real capital behind a restoration that has been announced and stalled repeatedly over the past two decades.
In The news
Travel Weekly – 2028 Timeline
For most of the past two years, the answer to when Coco Palms would reopen was 2026. That is no longer the answer, and it is worth explaining why. The current target is 2028. What changed The reason is not complicated, though it is not satisfying either. Construction...
Kimpton / IHG Partnership
Most of the coverage of this project is about permits, timelines, and financing. Those are fair things to write about. They are also not what most people are curious about when they think of Coco Palms. Here is what the restored property is actually planned to be. The...
Regulators Reject Petition To Revoke Permits To Rebuild Kauai’s Coco Palms Resort
The Kauai Planning Commission rejected a petition Tuesday from a group of residents who were asking the commission to revoke permits issued to the owners of the Coco Palms Resort property. This means their plans to build a new, 350-room hotel are still on the table....
$400 million Coco Palms Resort Reservation Underway
“We want to restore this in the right way. Do it in a way that the community will be proud of,” stated Jon Day, Reef Capital Partners Chief Financial Officer.The newly modernized resort will be smaller than the original hotel with 350 rooms compared to over 400 rooms....
Coco Palms ‘On Track’
From the tops of the protective dust screens installed around the perimeter of the former Coco Palms Resort, the only things that can be seen are the tops of excavators and cranes moving against a skyline of concrete skeletons of dilapidated buildings.
Maui’s Royal Lahaina Resort is sold
BlackSand Capital, a Honolulu-based real estate investment firm, officially completed the purchase of the Royal Lahaina Resort Dec. 9. Read more here.
Jon Day Financing Statement
When Reef Capital Partners closed $431 million in construction financing for Coco Palms in June, the announcement carried a line that is easy to read past. "Coco Palms is listed on both the National Register of Historic Places and the Hawaiʻi Register of Historic...