HONOLULU
A partnership formed by Rockpoint Group with BlackSand Capital and Evolution Hospitality announced it has purchased the building and improvements that comprise the OHANA Waikiki West Hotel and entered into a long-term ground lease for the property with Queen Emma Land Company. The partnership plans to completely renovate and reposition the hotel under a phased renovation schedule.
The phased hotel renovation is slated to begin in spring 2014 and will be the first comprehensive renovation of the property since it opened in 1970, upgrading the asset into an upscale hotel. The renovation will transform the hotel with contemporary Hawaiian aesthetics, and will add a full-service restaurant and lounge. Other upgrades include a complete modernization of all guest rooms and extensive upgrading of the lobby and pool area. The development team is also pursuing a LEED Silver certification rating from the U.S. Green Building Council through the incorporation of earth-friendly building features such as LED lighting, low-flow water fixtures, and dual pane low-E windows.
Located at 2330 Kuhio Avenue, between Nahua and Walina Streets, the OHANA Waikiki West Hotel is situated in the heart of Waikiki, two blocks from Waikiki Beach and within walking distance of many of the area's most popular shopping, dining, and entertainment attractions. International Market Place, which is currently undergoing redevelopment, is located directly across the street on Kuhio Avenue; the proposed entrance for its newly announced anchor tenant Saks Fifth Avenue will face OHANA Waikiki West's main entrance.
