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James G. Pycha
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Billionaire Thai-Chinese businessman buys Kauai’s Princeville Resort for $343M

Billionaire Thai-Chinese businessman Chanchai Ruayrungruang’s Reignwood International has purchased 1,103 acres at the Princeville Resort in Hanalei, including the Prince Golf Course, on the North Shore of Kauai for $343 million, the resort’s master developer told PBN Wednesday. Hawaii developer Jeff Stone’s The Resort Group, one of the largest resort development landowners in the state, confirmed the sale to Pacific Business News last week  The sale signals one of the first major investments by Chinese investors in Hawaii, which up until now, was mostly just rumored to be in the works.

Princeville-Resort-Master-Plan-20120207A

Posted on September 13, 2014 at 9:47 am by James G. Pycha

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