Rockpoint Group, BlackSand Capital and Evolution Hospitality have announced that they have formed a partnership and purchased the Ohana Waikiki West Hotel for an undisclosed price from the Queen Emma Land Company. The property is currently a 659-room budget hotel, but according to the buyers, they plan to give the property a major renovation including upgrading all of the guest rooms and redoing the lobby and pool area. Also in the plans are to add a full-service restaurant and a lounge area.
Source: Honolulu Star Advertiser, 11-2-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
