It has been announced that Joie de Vivre Hotels will be taking over the management of the Seaside Hotel in Waikiki starting on March 1, 2012 once ownership has been transfered. According to a press release, the new owner will spending approximately $3 million to renovate the property and hopes to be fully renovated by December 2012. The Joie de Vivre Hotels currently manages 31 hotels around the country, as well as 18 restaurants and 7 spas.
Seaside Hotel is currently owned by United Airlines who only accepted reservations from airline employees and United Airlines retirees. The property had an assessed value of $9.4 million in 2011. The 14-story hotel has 125 rooms and a ground floor restaurant which houses Cha Cha Cha 2. The name of the new owner has not been disclosed as of yet.
Source: Honolulu Star Advertiser, 2-18-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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