The hotel operator intends to invest more than $100 million into the property on the island of Kauai, Hawaii and eventually make it a flagship resort for its 1 Hotel luxury brand.
Starwood Capital Group has acquired the 251-room St. Regis Princeville Resort on the island of Kauai, Hawaii. Starwood Capital Group’s hotel management company, SH Hotels & Resorts, will now operate the hotel effective immediately as the Princeville Resort, and Starwood intends to invest more than $100 million to transform the property into a flagship resort for its 1 Hotel luxury brand, renaming it as 1 Hotel Hanalei Bay.
With the planned improvements, Starwood said, the Princeville resort will feature a world-class wellness center, oversized fitness area with both indoor and outdoor programming, and a diverse activity center to allow guests to discover their own individual balance between activity and relaxation.
The resort also offers five dining locations and Princeville guests have preferential access to the Princeville Makai Golf Club.
“We are just thrilled to have this opportunity to acquire and create what will surely be one of the most incredible resort properties in the world, 1 Hotel Hanalei Bay,” said Barry Sternlicht, Chairman of Starwood Capital Group. “There is no better location, nor more perfect microclimate, to create a wellness resort that will reinvigorate our guests and celebrate the intoxicating beauty of nature.”
East West Partners, a long-time collaborator with Starwood Capital Group, will partner in planning and development of the resort’s development and rebranding.
1 Hotels can currently be found in Manhattan, Brooklyn, New York and South Beach, Florida, with planned expansion of the brand including openings in California (West Hollywood and Sunnyvale), Cabo San Lucas, Mexico and Sanya, China.