Hawaiʻi County reaches a tentative $1.46 million deal for Punaluʻu’s beach park as Kamehameha Schools sells the land under Kona Village, bringing its resort land sales to about $1.15 billion in just over a year.
A Reckoning Coming for Hawaiʻi Hotel Owners?
Rising operating expenses and upcoming debt maturities are eroding Hawaiʻi hotel profit margins despite solid revenue, forcing owners into capital restructuring and underscoring the pressure on real estate valuations.
Did you know an octopus has Nine Brains? I didn’t.
Nine Brains acquired the fee-simple interest in Pacific 19 Kona for $23 million, completing a leasehold buyout and underscoring the scarcity of fee-simple hospitality assets in Hawaiʻi.
Trinity Says “Aloha”… From Miami
Trinity Investments has relocated its headquarters to Florida, underscoring a broader trend of hospitality capital consolidating on the mainland as ownership of major Hawaiʻi assets increasingly shifts offshore.
A $227 Million Plan. Zero Shovels. Now at Auction.
A planned $227M South Shore Kauaʻi resort, The ʻŌhia, is heading to bankruptcy auction after missing its 2023 debut, underscoring the financial and development risks facing large-scale Hawaiʻi projects.
Keep The Country, Waikiki?
Host’s $680M Turtle Bay acquisition includes $50M in expansion rights now facing legal pushback, as new development plans test whether large-scale growth can coexist with North Shore community priorities.
Beach Front Waikīkī
Only nine hotels in Waikīkī sit truly on the sand; from Hilton Hawaiian Village to Kaimana Beach Hotel, the list reveals a mix of fee simple and leasehold ownership that shapes some of the most valuable shoreline real estate in Hawaiʻi.
Crown Jewel, Sold. Legacy, TBD.
Kamehameha Schools shocked the market by selling the 10.3 acres beneath the Royal Hawaiian Hotel to Japan’s Daisho Co. for $510M, an unprecedented shift in Waikīkī land ownership with deep cultural, financial, and historic implications.
Outrigger Owner KSL Refis, But Still No Exit
KSL Capital Partners refinanced Outrigger Reef Waikiki Beach Resort and Sheraton Kauaʻi Coconut Beach Resort for $480M, pulling out $148M in equity while keeping full ownership, signaling continued hold, not an exit, even eight years into the Outrigger acquisition.
Castle Joins the Circle
Castle Resorts & Hotels is taking over the Waikīkī Circle Hotel on Nov. 1, its first new operator in 30+ years, with CEO Matt Bailey promising to elevate the iconic 1960s landmark while keeping it locally run.
