The Seibu Group has announced that they have put three luxury hotels located in the Hawaiian Islands on the market for sale. The properties include the Hawaii Prince Hotel Waikiki on the island of Oahu, the Mauna Kea Beach Hotel and the Hapuna Beach Prince Hotel both located on the Big Island of Hawaii. Company officials have also stated that may consider selling the Grand Wailea Resort Hotel and Spa on Maui. It is estimated that the sale of these hotels could generate up to $1 billion for the Seibu Group.
The Hawaii Prince Hotel Waikiki has 578 rooms and would also include a 27-hole golf course located in Ewa. The Mauna Kea Beach Hotel has a total of 258 rooms and the Hapuna Beach Prince Hotel has another 350 rooms. These two Big Island of Hawaii properties are located on a 1,839 acre property and share two 18-hole golf courses. The Grand Wailea on the Maui has a total of 780 rooms.
Source: Honolulu Star Advertiser, 5-24-2012, 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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