Local real estate developer Peter Savio has purchased the Ewa Hotel on Cartwright street on the Diamond Head side of Waikiki for an undisclosed price.  It is understood that his plan is to turn the 97 unit hotel into an economy hotel and part student dormitory.

A bill before the state legislature would help revive the plan to redevelop the state owned land around the Aloha Tower Marketplace is gaining new strength.  Last year the state agency that was in charge of the redevelopment was disbanded because of lack of support.  The last proposed project was proposed by Texas developer, Ken […]

Marriott is joining forces with Alexander and Baldwin to build a Courtyard by Marriott.  The hotel will be located near the Kahalui airport.  The project has been planned for nearly a decade and will finally break ground next week.  Tourism officials have longed wanted a hotel near the airport that can accommodate business travelers and […]

Pershing Square Capital run by William Ackman announced today that they have acquired a 8.6% stake in Alexander & Baldwin (ticker symbol:  ALEX).  William Ackman is notorious for taking a share of the company and forcing changes to obviously make money for the shareholder and, of course, his hedge fund.  They do tend to stay […]

, ho a 290 unit hotel under the Andaz lifestyles branded hotel. According to Credit Suisse, this represents ..“it represents an investment in a project that could have significant return potential in a high barrier to entry market long-term” There has been significant investments being made in Hawaii as hotels change hands and investment firms […]

The Queen Emma Building has sold and the new owner will renovate the ‘pimple building’ and convert it to senior housing.  The building often described as the ugliest building in Honolulu will get a $18 million facelift by new owner Queen Emma Regency LLC, which is headed by Greg Hatcher, a resident of Maui and […]

Climcher Realty Trust has partnered with Blackstone Real Estate Advisers, and affiliate of Blackstone group, are going to acquire Pearlridge Shopping Center in Hawaii for $245 million.  It is understood that 80% will be controlled by Blackstone Real Estate Advisers and 20% will be owned by Glimcher Realty Trust. Pearlridge is Hawaii’s second largest mall […]

Moody’s Investor service came out with their study about the status of commercial real estate in the United States and Honolulu came out on top with the strongest market followed by Orange County, CA.  The weakest was Phoenix, AZ and Detroit. In addition, full service and limited service hotels showed improved market conditions in the […]

The Mauna Kea Beach Hotel will celebrate a $150 million dollar renovation with grand opening festivities and music March 27 and 28 on the Big Island‘s Kohala Coast. The Laurance Rockefeller-built beachfront hotel had a soft opening in December two years after being forced to close by extensive earthquake damage. The makeover included redesigned, larger […]

The international custom built burger franchise The Counter Burger has opened up in Oahu’s Kahala Mall next to Whole Foods.  The restaurant boasts that their 100% Angus beef is humane raised and handled. Is it just me, or are most of us on a constant search for a good burger? Whether we recognize, and then […]