May 16, 2022

Church Street Espresso

Experienced In Leisure

Landmarks on the industry: Kona Inn Shopping Village, Kona Bay Lodge up for sale

2 min read

The legendary Kona Inn Procuring Village and Kona Bay Lodge in Historic Kailua Village are up for sale.

The 139-room funds lodge and 86,000-square-foot oceanfront purchasing village in Kailua-Kona is detailed with Eric Kathrein and Geoff Tranchina of JLL, Jones Lang LaSalle Americas Inc, which is a industrial genuine estate solutions organization with workplaces in Honolulu.

There is no inquiring selling price for the 8.08 acres of price-uncomplicated, hotel-resort zoned property that also features parking tons and the location of the Kona Farmers Marketplace at the intersection of Hualalai Road and Alii Drive.

“Available for the to start with time, Kona Inn Browsing Village and Kona Bay Resort is a after in a generation opportunity,” the listing reads. “The Property is a trophy asset which offers a new operator the possibility to shape the identification and upcoming of Kailua-Kona.”

Attempts to attain the brokers, as well as Wendell Brooks III, JLL’s govt vice president and Hawaii broker direct, were unsuccessful as of push-time Thursday.

William “Uncle Billy” Kimi Jr., who created the Hilo Bay Resort in 1963, procured the resort in Kona in 1978, introducing two buildings in 1979. Kimi also procured the Kona Inn Procuring Village.

Kimi died in 2016 at the age of 93 and the spouse and children, which is the vendor, operated it until its closure on March 5.

The Kona Bay Hotel is situated on about 2.06 acres on the mauka facet of Alii Travel. Its 4 buildings, two of which attain four stories, protect 89,588 sq. toes. The lodge also features an 800-square-foot strengthened concrete pool designed in 1965. The county lists the complete industry worth of the home at $4.42 million.

The Kona Inn Procuring Village, designed on the web page of the Kona Inn, which opened in 1928, is found on about 4.07 acres of oceanfront assets on the makai facet of Alii Push valued by the county at $8.06 million. It features a lot of retailer fronts, which include Hilo Hattie, Globe Main Surf Store and the Treasury, among the some others the Kona Inn restaurant and 750 feet of “unobstructed” frontage on Kailua Bay.

The featuring also includes a .74 cost-basic parking whole lot powering the lodge, and yet another .28-acre parking large amount that is leased from the condition. It also features the parking great deal on the south side of Hualalai Highway and the spot the place the Kona Farmers Market sets up, which encompasses just about 1.1 acres.

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