{"id":1004127424,"date":"2015-09-15T07:44:21","date_gmt":"2015-09-15T15:44:21","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=360882"},"modified":"2021-05-14T19:24:09","modified_gmt":"2021-05-15T03:24:09","slug":"honolulu-office-high-rise-to-become-230-key-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/honolulu-office-high-rise-to-become-230-key-hotel\/","title":{"rendered":"Honolulu Office High-Rise to Become 230-Key Hotel"},"content":{"rendered":"

By Adriana Pop, Associate Editor <\/em><\/p>\n

Waikiki Trade Center, a 22-story, 248,000-square-foot mixed-use high-rise in Honolulu will soon be repositioned into a yet-to-be-named boutique hotel.<\/p>\n

\"Waikiki<\/a><\/p>\n

Waikiki Trade Center in Honolulu<\/p>\n<\/div>\n

The building\u2019s owner, San Francisco-based Coastwood Capital Group, partnered with San Francisco-based advisory and investment firm The Chartres Lodging Group LLC<\/a> to complete the conversion.<\/p>\n

Plans call for 230 spacious guestrooms, an eighth-floor pool and entertainment deck and a mix of street and mezzanine level retailers, the Pacific Business News<\/a><\/em> reported. One of the retailers will be Nordstrom Rack, which plans to open<\/a> its second Hawaii store at the center in the spring of 2016.<\/p>\n

The cost of the entire project is estimated at approximately $61 million, with completion scheduled for the fall of 2016. Honolulu-based The Queen Emma Land Co.<\/a> is the owner of the land where the building sits.<\/p>\n

Kokua Hospitality<\/a>, the management arm of Chartres Lodging, will provide renovation support, pre-opening tech services and property management services. Upon completion, the new hotel might operate under the Hyatt Centric brand, which caters to business travelers.<\/p>\n

According to the newspaper, the redevelopment of the Waikiki Trade Center will bring needed hotel rooms to the market, which lost more than 5,000 rooms since 2000. At the moment, the high-rise is less than 20 percent leased and used primarily as an office building.<\/p>\n

Photo credits: CBRE<\/a> <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

An underused office tower on Kuhio Avenue will soon be converted into a contemporary boutique hotel.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1588,21742],"tags":[682],"class_list":["post-1004127424","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest","tag-news"],"acf":[],"yoast_head":"\nHonolulu Office High-Rise to Become 230-Key Hotel - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/honolulu-office-high-rise-to-become-230-key-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Honolulu Office High-Rise to Become 230-Key Hotel\" \/>\n<meta property=\"og:description\" content=\"An underused office tower on Kuhio Avenue will soon be converted into a contemporary boutique hotel.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/honolulu-office-high-rise-to-become-230-key-hotel\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-15T15:44:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T03:24:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Waikiki-Trade-Center-in-Honolulu.png\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/honolulu-office-high-rise-to-become-230-key-hotel\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/honolulu-office-high-rise-to-become-230-key-hotel\/\",\"name\":\"Honolulu Office High-Rise to Become 230-Key Hotel - 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