The HBR Board of
Directors has announced that the sale of the Happy Talk Lounge
and Bali Hai Restaurant was completed last week. The buyer is
Jimit Mehta who owns and operates the very successful Kalypso
restaurant in Hanalei town.
After renovation, it is
estimated that the restaurant and bar will open sometime after
the middle of April. The new owners are planning breakfast,
lunch and dinner service with a happy hour and music each
Watch the HBR website
www.hanaleibayresort.com for further
announcements about menus and other plans. Everyone should be
very excited to have once again a dining experience while
enjoying one of the best views on the island.
the real estate front, Kauai continues to recover from the real
estate slump. Sales have been spurred by lower prices and a
competitive market. Just this week the owners of HBR 9123/ 4
dropped their listing price by over $50,000 to $930,000.
The view is from the
lanai of 9123/4, a two bedroom lockout. It has been
extensively remodeled and features granite counters in the
kitchen and baths, stainless steel appliances and a relaxing
island decor. The unit is an active vacation rental averaging
$60,000 in income. Check out my website