The Princeville Resort on the north shore of Kauai has been sold to a Chinese company for $343 million, Pacific Business News reported Wednesday.

Reignwood International, a $2 billion company owned by Thai-Chinese businessman Chanchai Ruayrungruang, bought 1,103 acres of the resort as well as the Prince Golf Course.

Farm Agriculture Taro Field Poi Hawaii Kauai Hanalei

A taro field in Hanalei, Kauai.

Nathan Eagle/Civil Beat

PBN reported that the company plans to retain its employees and that the sale is one of the first major Chinese investments in Hawaii.

“Hawaii’s culture has deep roots in Asian heritage as many of my good friends cherish the islands and have made them their preferred vacation destination or home,” Ruayrungruang said. “We’re excited to be part of the Kauai and Hawaii communities.”

Click here to read the full story from PBN.

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