I'd suggest you stay on the Kohala Coast for beach access and also better weather, food, hotels, less vog. The Hapuna Prince often has good deals. The Waikoloa Marriott is usually the least expensive option but rooms are small and the beach is just ok, but still much better than anything in Kailua Kona.
I would skip the commercial luau, watch the free Polynesian shows twice weekly at the Mauna Lani, and put the money saved toward better lodging or a good dinner or two.
Kona Coast Resort has very spacious, clean and comfortable condo units. Full kitchen with W/D. To reiterate what's been said, no beach access, very few units have ocean view which are across the golf course. Not a hotel with daily maid service, but a week's stay includes one clean and freshen/linen replacement. A/C is available at an additional charge. Longs/KTA across the street offers very convenient shopping.
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