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Hotel Online is reporting that Hawaii's Coco Palms Resort, which has been closed since the early '90s, will soon reopen on Kauai following a whopping $135 million makeover.

According to the report, the Kauai Planning Commission unanimously approved permits to renovate the shuttered Coco Palms Resort. With the approval, the group can move forward with a full design of the project.

The resort shut down in 1992 due to extensive damage caused by Hurricane Iniki. Under the approval, the investment group is required to meet a long list of conditions that address issues such as traffic mitigation, historical preservation and parking, according to the report.

Coco Palms Hui plans to renovate or rebuild 350 rooms, a drop from the resort's original 398 rooms, according to the Hotel Online report. Also proposed are retail shops, several restaurants, a museum and a new spa and gym.