LIHUE — Discovery Land Co., which assumed management of the redevelopment of the Princeville Resort at Hanalei and the Prince Golf Course, will no longer manage the project.
DLC was tapped to manage the properties last November.
Representatives of the Scottsdale, Arizona company, which operates Montana’s private Yellowstone Club ski resort and several private resort communities, including Makena on Maui and Kukio on Big Island, said there is no concrete reason for the split.
“It just didn’t work,” a spokesperson said.
The company had been charged with helping oversee Princeville Resort’s master development plan, as well as construction, marketing and private club community operations. It had also been tasked with managing the extensively renovated championship Prince Golf Course, which has been named by Golf Digest as the No. 1 Golf Course in Hawaii.
“DLC will no longer be managing our resort at Princeville at Hanalei,” The Resort Group said in a prepared statement. “As stewards of Princeville at Hanalei for more than 10 years, The Resort Group takes its role on the North Shore and within the community very seriously. We appreciate all that DLC has done for us during this time, and consider them experts at what they do.”
Last September, Princeville Resort was acquired through a partnership between Hawaii landowner and developer The Resort Group and Reighwood International, owned by billionaire Thai-Chinese businessman Chanchai Ruayrungruang. The 1,103-acre purchase came at a reported price tag of $343 million.
“We remain committed to the sustainable, environmentally focused development of this uniquely beautiful location, and we expect to maintain nearly all of the local employment positions associated with the project,” The Resort Group statement said.