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Hotel Coral Reef 4-1516 Kuhio Hwy 27 Room Hotel Kapaa, HI 96746 $10,800,000 ($400,000/Room)
Investment Highlights
- Turnkey, with stabilized in-place cash flow, providing immediate, reliable income.
- Boutique asset appeal with 27-room property offers operational flexibility, personalized guest experience, and strong pricing power.
- Great opportunity to enhance revenue through rate optimization, brand repositioning, light renovations, and improved marketing strategies.
- Prime Kauai location, situated in one of Hawaii’s most supply-constrained hospitality markets with consistently strong tourism demand.
- Favorable price per key, approximately $400,000 per room, competitive for coastal Hawaii hotel assets.
Executive Summary
Discover Hotel Coral Reef, located at 4-1516 Kuhio Highway in Kapaa, Hawaii, positioned along the island’s picturesque coastline. Take advantage of direct access to Kapa’a Beach Park, Kapa’a Town Park, and the renowned coastal bike path. The hotel benefits from exceptional visibility along Kuhio Highway, which sees over 22,000 vehicles per day. Guests enjoy premium amenities, including oceanfront lanais, a private lagoon-style pool with a tropical waterfall, complimentary Wi-Fi and parking, on-site oceanside massage services, bicycles, barbecue grill access, and lobby coffee service.
Each room features desirable conveniences such as balconies, high-speed internet, and patios. Set on 1.09 acres, the property is surrounded by popular restaurants, retail, bus line access, and top attractions, including Ho’olalaea Waterfall, Nawiliwili Harbor, and Nawiliwili Bay. This Kapaa hospitality asset offers investors immediate cash flow with long-term upside through revenue optimization, brand repositioning, and value-add capital improvements, ideal for private investors, family offices, or hospitality funds seeking exposure to Hawaii’s resilient lodging market.
The lot adjacent to Hotel Coral Reef is also available for sale separately where you can expand the Hotel with a 5 Key Expansion or build a 15 Unit Condominium Complex.
Just 29 minutes from Lihue Airport and located in an area with an average household income of $108,000, Hotel Coral Reef benefits from strong year-round tourism, with Kauai welcoming 1.37 million visitors in 2024, making this a premier investment opportunity in Hawaii’s thriving hospitality sector.
Each room features desirable conveniences such as balconies, high-speed internet, and patios. Set on 1.09 acres, the property is surrounded by popular restaurants, retail, bus line access, and top attractions, including Ho’olalaea Waterfall, Nawiliwili Harbor, and Nawiliwili Bay. This Kapaa hospitality asset offers investors immediate cash flow with long-term upside through revenue optimization, brand repositioning, and value-add capital improvements, ideal for private investors, family offices, or hospitality funds seeking exposure to Hawaii’s resilient lodging market.
The lot adjacent to Hotel Coral Reef is also available for sale separately where you can expand the Hotel with a 5 Key Expansion or build a 15 Unit Condominium Complex.
Just 29 minutes from Lihue Airport and located in an area with an average household income of $108,000, Hotel Coral Reef benefits from strong year-round tourism, with Kauai welcoming 1.37 million visitors in 2024, making this a premier investment opportunity in Hawaii’s thriving hospitality sector.
Sale Flyer
Property Facts
| Price | $10,800,000 | Building Size | 35,376 SF |
| Price Per Room | $400,000 | No. Rooms | 27 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1953/2019 |
| Property Subtype | Hotel | Parking Ratio | 0.93/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.09 AC | ||
| Zoning | CG | ||
| Price | $10,800,000 |
| Price Per Room | $400,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 35,376 SF |
| No. Rooms | 27 |
| No. Stories | 3 |
| Year Built/Renovated | 1953/2019 |
| Parking Ratio | 0.93/1,000 SF |
| Corridor | Exterior |
| Zoning | CG |
Amenities
- Pool
- Restaurant
- Room Service
- Spa
- Wheelchair Accessible
- On-Site Retail
- Beach (direct access)
- Barber/Hair Salon/Beauty Shop
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $344.00 | - |
| Guest Room | 22 | $284.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Pacos Tacos House | Mexican | $ | 2 min walk |
| Sukhothai Cafe | Vietnamese | - | 2 min walk |
| Wahine Weenies - A Kapa'a Beach Sandwich Shack | American | - | 2 min walk |
| Honu Shave Ice | - | - | 2 min walk |
| Java Kai | Coffee | $ | 4 min walk |
| Coconut Coasters | Deli | $$ | 4 min walk |
| Chicken In A Barrel Bbq-kapaa | - | - | 4 min walk |
| Small Town Coffee | - | $ | 6 min walk |
| Olympic Cafe Restaurant & Bar | Cafe | $$ | 7 min walk |
Retail |
||
|---|---|---|
| Birkenstock | Shoes | 3 min walk |
| Bank of Hawaii | Finance Company | 5 min walk |
| First Hawaiian Bank | Bank | 6 min walk |
| Big Save | Supermarket | 9 min walk |
| United States Postal Service | Business/Copy/Postal Services | 11 min walk |
| CrossFit | Fitness | 15 min walk |
Property Taxes
| Parcel Number | 4-4-5-012-006-0000 | Improvements Assessment | $794,800 |
| Land Assessment | $449,100 | Total Assessment | $1,243,900 |
Property Taxes
Parcel Number
4-4-5-012-006-0000
Land Assessment
$449,100
Improvements Assessment
$794,800
Total Assessment
$1,243,900
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Hotel Coral Reef | 4-1516 Kuhio Hwy
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