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 as one of the top luxury resorts in all of Oceania. No wonder–Hanalei Bay is a place of magic, legendary beauty and grace. A dream waiting to be discovered and never to be forgotten.
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 classic film South Pacific that was filmed on Kaua’i in 1958. Performers 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. For more information go to: stregisprinceville.com
The reintroduction of a 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. For those who are soon to discover Kauai’s North Shore of the first time are sure to be enchanted by all who have come before. For more information about luxury real estate on Kauai email me at email@example.com or go to our website.