Git Rot epoxy.
No other special tools required. Any putty to fill the drill holes. You can dab on gel coat and sand. If you want to spray you can thin with acetone and use a preval sprayer. You need to coat with a vapor barrier to get the getcoat to cure, so you need something like vinyl acetate.
Hulls - Soft or Delaminated hulls on older boats
Soft hulls are caused by the foam and fiberglass layers becoming seperated or delaminated. This can be caused by heat, repeated compression (walking on) or other factors related to materials and age. This is normally correctable. A soft area is a structural breakdown and should be corrected before sailing the boat. Soft areas in decks near or ahead of the forward cross bar can cause complete failure of the bow and must be repaired before sailing the boat.
If your Hobie has soft or "delaminated" hulls or deck areas, take a look at the following link:
I did a search on Google to find information on the material that is excellent for this kind of repair "Git Rot" Flexible penetrating epoxy:
http://www.google.com/search?hl=en&ie=UTF-8&oe=UTF-8&q=Git+Rot