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We have reviewed this aspirational property before, Kauai Trip Report – St Regis Princeville. Aspirational for the potential to redeem a lot of Starwood points to stay in this beautiful property. But, is the fate of the St Regis Princeville potentially to leave Starwood? Read on…
Is The St Regis Princeville Leaving Starwood?
According to this article by, The Garden Island it’s a real possibility. Needless to say there are a lot of rumors surrounding this and it certainly leaves a lot of unanswered questions about the fate of the St Regis Princeville (which gets great reviews from us as well as Tripadvisor.)
Via The Garden Island, The gigantic pension plan that serves Los Angeles County government employees is putting up for sale the St. Regis Princeville Resort and Makai Golf Club in Princeville, which have been part of the fund’s assets since 2005.
Starwood has managed the St. Regis since 2009.
The Los Angeles County Employee Retirement Association (LACERA) acknowledged last week that the hotel and golf course properties are going on the market — the first official confirmation from the actual owner of the real estate that a sale may be impending. The hotel covers 23 oceanfront acres and the golf course 290 acres.
Stephanie Reid, the hotel’s in-house public relations representative, denied that Marriott’s contract ends in May and that, in fact, the contract does not lapse “for a few years.”
To further confuse the situation, both Reid and Marriott’s media relations office have released statements that: “The St. Regis Princeville Resort has experienced several years of improving performance. When a property or asset experiences this type of success, it is common practice for ownership to be proactive in reassessing value. This does not mean that the property will be sold; however, it is a normal part of the investment process.
“As the management company, Starwood/Marriott is working closely with the current owners to provide the information needed. We expect business to continue as usual at the resort and no changes to staffing and operations are anticipated.”
Read the article for more of the details surrounding the possible sale of the St Regis Princeville. And please post comments if you have any insight as to what is happening with this property? They are still taking reservations as of a week ago with Starwood points, so that is something.
If you are short on Starwood elite status, consider the Starwood Preferred Guest Credit Card from Amex which gives 5 elite qualifying nights, and 2 stay credits just for having the card. The Platinum Card from American Express offers complimentary annual SPG Gold status just for having the card, so that is definitely something else to consider.
Planning a Trip to Kauai?
HT: Allan Parachini, The Garden Island
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