California-based Kupono Resort LLC had big plans to develop a luxury resort and wellness center on Kauaʻi’s south shore. But the $227 million project called The Ohia, with an 84-room boutique hotel, a spa and 115 residential units, never broke ground.
Now, the 25-acre vacant property that Kupono Resort purchased in 2021 for the first phase of the project is available to buy in a bankruptcy auction. Bids for the property — located on a former sugar cane plantation with ocean and mountain views in the Kukui’ula subdivision in Kōloa —are due by 2 p.m. HST on April 13.
“The combination of scale, location and prestige places this offering in a class of its own,” said Stephen Madura, senior director at Hilco Global in a press release. “Opportunities of this caliber on Kauaʻi’s south shore are extraordinarily limited and should attract interest from investors and developers the world over.”…