The historic complex where Elvis Presley’s character married in the 1961 movie “Blue Hawaii” will be auction during a foreclosure sale on Kauai this month.
Garden Island newspaper reported abandoned Coco Palms Recourse will be auctioned on July 26 on the steps of the Lihue Fifth Circuit courthouse.
Coco Palms opened in 1953 next to a historic coconut grove and former Hawaiian fish pond. It has been closed since Hurricane Iniki – a Category 4 storm – hit Kauai in 1992. Several attempts to restore the property have since failed.
The property will be sold to the highest bidder as is. The winning bidder must pay 10% in cash, money order or certified check or cashier’s check after auction.
The buyer will be responsible for all costs and expenses for the closing, according to the legal notice.
The most recent effort to revive the hotel was to take the remaining structure and build a 350-room resort and rebuild some cottages.
The county planning department initially licensed Honolulu-based Coco Palms Hui, LLC for the property in 2015. In March 2019, Stillwater Equity Partners took over the property after Coco Palms Hui defaulted on more. $ 11 million in financing on a $ 22 contract. million mortgages.
The 46-acre land was once home to Kauai’s last queen, Queen Deborah Kapule Kekaihaakulou. This is the site of the key scenes of “Blue Hawaiiâ, Including the last one where Presley sings theâ Hawaiian wedding song âand holds his bride’s hand as they board a raft across a lagoon.
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