Coco Palms sold for $22M in single-bid

  • Dennis Fujimoto/The Garden Island

    Kimberly Souza offers the “white stone of peace from Wailua” to the court officials in charge of the public auction of the former Coco Palms Resort property, Monday, in front of the Pu‘uhonua Building.

  • Dennis Fujimoto/The Garden Island

    One of the groups against development of the former Coco Palms Resort property protests, Monday during the public auction of the property in front of the Pu‘uhonua Kaulike Building.

  • Dennis Fujimoto/The Garden Island

    Commissioner Craig DeCosta opens the public auction of the former Coco Palms Resort property to bid offers, Monday, fronting the Pu‘uhonua Kaulike Building.

  • Dennis Fujimoto/The Garden Island

    Commissioner Craig DeCosta records the bid submitted by Scott Ira Batterman, a Honolulu lawyer representing the Private Capitol Group, Monday during the public auction of the former Coco Palms Resort property in front of the Pu‘uhonua Kaulike Building.

  • Dennis Fujimoto/The Garden Island

    Commissioner Craig DeCosta goes over the terms of the public auction with Scott Ira Batterman, a Honolulu lawyer representing the Private Capitol Group, Monday during the public auction of the former Coco Palms Resort property in front of the the Pu‘uhonua Kaulike Building.

LIHU‘E — What remains of the Coco Palms Resort and the land its built was auctioned off in one bid for $22.231 million Monday to Private Capital Group.

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