The much anticipated re-opening of the Princeville St. Regis Hotel is set to occur on October 3rd, 2009 amidst much fanfare and celebrity. Perched at the ocean’s edge, overlooking the storybook panorama of Hanalei Bay, the new St. Regis is anticipated to be one of the top luxury resorts in Hawaii. No wonder — Hanalei Bay is a place of magic, legendary beauty and grace. It was voted the #1 Beach in America by Dr. Beach in 2009.
Hanalei Bay, Kauai's North Shore
There are 3 Grand Opening gala events scheduled for the fall of 2009. This “Celebration Series” kicks off on October 3rd with the Arts, Culture and Style Gala, which will highlight the re-release of the film classic South Pacific that was filmed on Kaua’i in 1958.
Performers will include acclaimed Hawaiian slack key guitar artists, Cyril Pahinui and Dennis Kamakahi. Next on October 24th is the Sports and Adventure Gala featuring world-famous big wave surfer Laird Hamilton and sports icon Gabriella Reece. Finally on November 6th there is a Spa & Wellness gala, showcasing the resort’s new Halele’a Spa facility. Whatever your passion, the St. Regis is sure to deliver something for everyone.
The reintroduction of this luxury resort on Kauai’s North Shore is expected to have a profound impact on the local economy and the high-end real estate market. An influx of resort guests who are capable of spending upwards of $550.00 per night on a hotel room will certainly trickle out to other sectors of the local economy.
This is good news for local residents, Realtors and property sellers alike, all of whom are dependent upon a healthy visitor industry. In a real estate market with a very limited high-end inventory, the best values are likely to be purchased in the months ahead. For buyers who have been “watching” the market to reach its bottom, now may well be the time to step up and make that offer. Many who are soon discover Kauai’s North Shore for the first time are sure to be enchanted.
For more information about luxury real estate on Kauai, email me at email@example.com. Also check out my listings in Hanalei and at Anini — some of the most sought-after beach communities in Hawaii.