Honolulu
Sunstone Hotel Investors Plans to Acquire Maui’s 544-Key Wailea Beach Marriott Resort for $326M
In an off-market transaction, California real estate investment trust Sunstone Hotel Investors Inc. has agreed to purchase one of Maui’s largest and most popular leisure destinations – the 544-key Wailea Beach Marriott Resort & Spa.
Construction Begins on Howard Hughes Corp.’s First Residential High-Rise at Ward Village in Honolulu
Joined by community leaders, future residents, partners and stakeholders, The Howard Hughes Corporation celebrated the groundbreaking of the first residential tower of Ward Village, a beachfront master planned community rising in the heart of downtown Honolulu.
Blackstone, Hilton Launch Construction of Timeshare Tower at Hilton Hawaiian Village Waikiki
Blackstone and Hilton Worldwide have celebrated the groundbreaking of a new 418-unit vacation ownership tower at Hilton Hawaiian Village Waikiki Beach Resort in Honolulu.
Long-Stalled Skyline Honolulu Residential Project Back on Track
An affiliate of locally-based Form Partners, LLC has revived its plans for Skyline Honolulu, a 140-unit condominium project slated to rise on the slopes of Punchbowl crater in the heart of downtown.
Kauai’s Legendary Coco Palms Resort to Reopen Under Hyatt Umbrella in 2017
Following an extensive reconstruction period scheduled to begin next year, the famed Coco Palms Resort on Kauai will reopen under the Hyatt Hotels brand in early 2017.
Outrigger’s Oceanfront Resort in Waikiki to Undergo $100M Revitalization; Watt Advisors Completes Redevelopment of Maui’s First Outlet Center
Outrigger Enterprises Group is planning to invest $100 million in the redevelopment of its Outrigger Reef on the Beach resort in Waikiki.
State Agency Approves Joint Development Permit for Two Mixed-Use Residential Projects in Kakaako
Two adjacent residential and commercial projects proposed by Hawaii developer Stanford Carr and Oregon-based Gerding Edlen in Kakaako have been approved by the Hawaii Community Development Authority, the Pacific Business News reports.
City Council Green-Lights Robertson Properties’$767M Mixed-Use TOD in Honolulu
The Honolulu City Council has granted Robertson Properties Group the final approval for the construction of its proposed $767 million, 1,500-home mixed-use development in Aiea.
Developers Plan Condo-Hotel Tower at King’s Village in Waikiki
A local development partnership between BlackSand Capital LLC, Kobayashi Group and The MacNaughton Group is planning the construction of a new mixed-use high-rise in Waikiki, on a site currently occupied by the King’s Village retail complex. Black Sand Capital purchased the property in 2012 for $41.25 million.
Walton Street Capital Acquires Honolulu’s Ambassador Hotel Waikiki for $71.5M
Walton Street Capital LLC, a private equity real estate investment firm based in Chicago, has recently acquired the 298-key Ambassador Hotel Waikiki in downtown Honolulu.