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Disney’s Aulani Resort as seen from the plane

Source: https://twitter.com/socal360/status/1782511563477532861?s=48&t=ZYxeBbAvARyX8nRDiLi5HQ

A Hong Kong-based company with plans to develop an Atlantis-themed resort along with two other big hotel and residential projects in West Oahu has been trying to sell all three properties to address financial difficulties.

Of the three projects, the estimated $1.5 billion Atlantis resort has garnered the most public attention with its promotion as a future landmark featuring 1, 324 guest rooms and luxury apartments, an aquarium, a water park, spas, restaurants, bars and other elements on 26 acres next to Disney's Aulani Resort fronting man-made beach lagoons at Ko Olina Resort &Marina.

The company, which has public stockholders, disclosed in a financial report last month that a potential sale of all three Hawaii properties at the end of June fell through after no final agreement on key terms could be reached with an unidentified buyer following a tentative agreement signed March 30. Oceanwide also said in the same Aug. 25 filing that it was negotiating the potential sale of 17 acres of land in Kapolei. The filing did not otherwise describe the property, though Ko Olina is part of Kapolei.

According to the company's financial report, the Hawaii real estate sale efforts stem from a need to raise cash so Oceanwide can addresses issues with debt and resume construction on a more than $1 billion stalled high-rise project in Los Angeles.

Source: https://news.yahoo.com/developer-hawaii-atlantis-resort-financial-160700162.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAIRlsHg8ehppVHYjR0e4pqkjnKiVOjqWbt95PGLsvGiAwH3EJKiYeBHp5ZyElTcymHUg9-etjDIccF6Cha8b_DliQ6D8ioqghVGrDY8uvqRw36PSpn92LRWmSWrtfsxl1qbi5mrfpYK1SmvLUQUErLq2uJc5z27KZB41FSd6Itui

This video uploaded today shows nothing going on with the two plots of land planned for future hotels. What a pity.

This is the yearly round up for the Kapolei Chamber of Commerce. It includes Atlantis on their overall plans however in the section about ongoing construction they only list Extended Stay Hotels as their hospitality building projects. No mention of Atlantis in any of the construction works...





Full Presentation: http://kapolei.com/media/W1siZiIsIjIwMjAvMTIvMjIvMDBfNDJfMzhfODUzX0thcG9sZWlfQ2hhbWJlcl9Ib2xpZGF5X0V2ZW50X1ByZXNlbnRhdGlvbl9fMTIwODIwMjAucGRmIl1d/Kapolei%20Chamber%20Holiday%20Event%20Presentation__12082020.pdf?sha=3e6f8da0

I can't read the whole article because it's behind a $140 per year paywall but it looks like China Oceanwide who own the Atlantis brand are selling off some of the land they purchased in 2016. It's not the land for Atlantis but it was purchased in that original land purchase so it looks like something is happening in that region.

The plot of land for sale for $34m is shown above marked with BMX-3.

Does anyone have any further news on this resort?

source: https://www.bizjournals.com/pacific/news/2020/11/06/china-oceanwide-puts-hawaii-parcel-on-the-market.html

No work ongoing on the land.

This is the land that Oceanwide own and are developing as a residential community and golf course, you can see the site for Ko Olina in the background of the first photo. Looks like some of the groundworks were completed in 2019 and from reports of the area they are building more public transportation out to that side of the Island in the hope of moving residents away from the main city of Honolulu.

The railway is progressing, the foundations of the community are on the way but yet nothing is happening over at Ko Olina? Perhaps they are using the capital made from this project to fund the resort?

The Kapolei West project is part of an undertaking to further develop the west side of Oahu and transform the area into a flourishing community.

Source: https://goodfellowbros.com/project/kapolei-west-phase-i-improvements/

I did find this interesting piece of news though, I can't find anything to really back it up.

It looks like China Oceanwide bought more than just the parcel of land for Atlantis and also intend to develop other areas of Ko Olina.

The map shows the two oceanfront properties the company bought at Ko Olina and its plans for those parcels. A little further inland (top right) is a larger parcel that China Oceanwide intends to turn into a residential subdivision with golf course.

Oceanwide Hawaii’s largest land purchase was a combined 514 acres in Kapolei West, located between Ko Olina and Kapolei Commons. It was purchased for $98 million in October 2016.

Wilbert Yao, the VP of Oceanwide Hawaii, at the Ko Olina site of the company’s upcoming development

Source: https://www.hawaiibusiness.com/big-plans/

Still nothing according to this video from January, other projects by the developers of Atlantis Ko Olina are having some issues and this could be affecting it. No real news to be shared but no construction as yet.

Still no construction going on from this video in November 2019.