The Kings' Shops in Waikoloa Beach Resort on Hawaii Island are undergoing a major renovation under the direction of new ownership, Pacific Retail Capital Partners (PRCP), in partnership with Starwood Property Trust and Taconic Capital Advisors LP. Pacific Retail announced the acquisition, highlighting their appreciation for Hawaiian culture and the Aloha spirit. The renovations, which began in July and are expected to conclude this winter, encompass upgrades to common areas, landscaping, and restrooms, aiming to enhance the overall ambiance and visitor experience.
General Manager Lynn Rostau stated that the renovation signifies a long-term investment in both the visitor economy and the surrounding community of Hawaii Island, as reported by West Hawaii Today. This investment is designed to solidify Kings' Shops as a premier destination for shopping and dining, offering a revitalized experience for guests. The project includes "elevated gathering spaces, lush landscaping that celebrates the natural beauty of Hawaii Island, and modernized restrooms designed for comfort and convenience," according to Rostau.
The redevelopment includes a newly energized dining and shopping experience, updated communal outdoor spaces, and revamped restrooms, as detailed on the Kings Shops official website. The redesign also incorporates tranquil spaces and dynamic performances at a reimagined center stage to bring local culture and entertainment to life. The center, which opened in 1991, has consistently served as a vital commercial and social hub along the Kohala Coast, offering a mix of international and local retailers.
This renovation project reflects a broader trend of investment in Hawaii's retail and tourism sectors, as highlighted in reports by Big Island Now, which details the improvements, and aligns with the Hilton Waikoloa Village's first phase of renovation as mentioned in Waikoloa Beach Resort's Naupaka News. For entrepreneurs and investors, this presents opportunities within the retail, hospitality, and construction industries, along with an increase in demand for related services supporting the rejuvenated shopping center.
