|Northbrook, IL -- June 3, 1999 -- Shell Vacations LLC is
adding to its strong presence on the Islands with the purchase of
its fifth Hawaiian property and its third on Kauai.
Scott Church, Pacific Regional Director for Shell Vacations, recently announced plans for the Northbrook, Illinois-based vacation ownership developer to purchase the Kauai Beachboy Hotel - to be renamed the Kauai Coast Resort at the Beachboy - and transform the property with a $10 million renovation and construction program. Close of escrow is expected at the end of June with renovation and upgrades slated to begin shortly thereafter in three successive six-month phases, finalized in December 2000.
Operated as a hotel since it was initially built in the 60’s, Shell plans to deconvert the hotel’s 243 units into 108 vacation ownership units with 69 one-bedrooms, 33 two-bedrooms and six hotel rooms.
According to Gerald Greenbach, Regional Vice President of Shell Management Hawaii, “We do not anticipate any change in personnel or loss of jobs at this time. We will continue to operate the property as a hotel.” The hotel presently employs about 60 hospitality professionals and is located on eight acres on the east side of the island, near the Coconut Marketplace.
The first phase of construction will include the lobby building, restaurant, pools, landscaping, and one 81-unit wing of the existing hotel, which will be transformed into 36 condominium suites. Interiors will undergo total refurbishment with 102 of the units ultimately equipped with fully appointed kitchens.
Additional elements of the $10 million renovation will elevate the Kauai Coast Resort to a higher level resort property. They include enhanced landscaping on the entire property with a new swimming pool with special waterscapes and a children’s pool and jacuzzi. Negotiations with a well known Hawaiian restaurateur are currently in progress concerning the addition of a new on site restaurant.
Jeffrey Server, senior vice president for Development/Acquisitions for Shell Vacations LLC adds, “It is our intention to hire as many Kauai subcontractors as possible during the 18 months of this renovation project.”
The existing hotel is currently managed by Honolulu-based Aston Hotels & Resorts. Shell Management Hawaii will manage the hotel after the purchase but Aston will remain as a hotel sales and marketing agent.
Shell Vacations operates 12 other vacation ownership resorts in California, Arizona, Canada and Hawaii and serves more than 45,000 owners. Shell’s Hawaii resorts include the Kona Coast Resort in Kailua-Kona, Paniolo Greens in Waikoloa, Lawai Beach Resort and Pono Kai Resort, both on Kauai and the newly purchased units in Mauna Loa Village on Kona.
|Also See:||Shell Vacations Acquires San Francisco's Donatello Hotel / March 1999|
|Anthony Genth and Edwin McMullen, Jr. Added to Shell Vacations LLC Management Team / May 1999|