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Monday, October 17, 2005

Kauai Beach Resort going condo - 2005-10-14

Kauai Beach Resort will soon reopen as a condominium hotel, offering 350 fee simple units.

Brian Anderson of Anekona Properties purchased the 12-acre property in December through KB Resort LLC, and is leading the conversion project.

It is his second conversion project on Kauai, following The Islander on the Beach.

Prices will start in the mid-$200,000s.

The resort -- which is currently undergoing a $7 million renovation -- originally opened under the Hilton flag before being passed on to Outrigger Hotels and then Radisson in 2000.

Playground Destination Properties Inc. will handle sales and marketing. Purchase reservations are already being accepted, with a one-day sales event scheduled for Oct. 29.

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