Hotel In Premiere WAIKIKI OAHU Resort Area of Honolulu, HI 96815 --- Full Ownership $23M, OR JV $12M
** Fee-Simple, boutique hotel purchase; 3.5 stars
** 90% occupancy, RevPar 89% in 2017
** wholly-owned, resort condo units
** full renovation completed, with consistent enhancements
** property is in excellent condition, fully operational, well-managed, very fairly priced, & has a ready seller
** owner prefers a JV partner, but will sell full ownership
** member of Ascend Hotel Collection; branded with "Choice Mark"
** family-owned, self-managed, non-union
** walking distance to Waikiki Beach, all shopping & restaurant areas, & Hawaii Convention Center
** conveniently located for business travelers
** valet parking
Buyers have a golden opportunity to enter a comfortable, profitable JV partnership with long-time owner, OR become full owner of the hotel. Sales price for the hotel is $23 Million for full purchase, & $12 Million for JV.
This hotel has been family-owned & managed for many years. It is located in the premier resort area of Waikiki.
Hawaii is home to the U.S. Pacific Command; which covers 50% of the Earth.
Between increased tourism from Asia, Japan, & America, combined with military visitors, hotels enjoy continually increasing business.
Southwest Airlines is coming to Hawaii in 2018. Increased air traffic is being implemented from airlines of Japan, Asia, Singapore & major U.S.A carriers.
Economy hotels are being revamped to accommodate higher rate increases. This will affect all strata's of hotels; causing their ADR's to also increase.
To contact me, please message via www.Facebook.com/Dollar.SenseProperties - I will be glad to speak with you by by phone, email, ph text, etc.; once I receive your message.