The recent sale of the Oasis property can be compared to the 92-room Ewa Hotel Waikīkī, which is currently listed for $21 million. The hotel is unencumbered, meaning the buyer has full discretion over management and branding, and the lease runs through 2045. At roughly $228,000 per key, the asking price strikes us as quite steep for a leasehold asset that will likely require substantial renovation.
