The Iconic Coco Palms Resort, which has been closed since it was damaged in hurricane Iniki in 1992, is being restored into a 390-room hotel and will be managed by Hyatt Hotels Corp. Upon it’s reopening, the room rates are said to reflect the average daily rate on Kaua‘i at about $225. This has been a long time coming with this being the last resort still untouched after Iniki hit. Over the years this property has been in escrow many times but never with a large name attached so time will tell if this is actually the one! Developer has said this property to open in 2017.