2555 Cartwright Rd - Hospitality FOR SALE


Honolulu, HI 96815- Waikiki
$16,500,000 USD
808-541-5109
2555 Cartwright Rd, Honolulu, HI for Sale
$16,500,000 USD
Hospitality - FOR SALE
1/17
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2555 Cartwright Rd
Honolulu, HI 96815
Waikiki


OVERVIEW

CBRE, Inc. has been retained by the owner as the exclusive marketing advisor for the leasehold sale of The Ewa Hotel Waikiki, situated in the world-renowned tourist destination of Waikiki, Hawaii. The hotel is positioned at the eastern end of Waikiki, just steps from the famous Waikiki Beach, the Pacific Ocean, Diamond Head, Kapiolani Park, the Royal Hawaiian Shopping Center and the International Market Place. Situated on 15,000 square feet of leasehold land, the hotel contains 92 guest rooms and an 8th floor rooftop deck with views of the ocean and Diamond Head. The underlying ground lease was recently extended and runs for 50 years, with known rent through 2045, avoiding any rent re-openings and removing uncertainty. This offering represents the opportunity to implement a multipronged strategic repositioning to utilize the asset to its full potential and improve its competitive position. The hotel is being offered unencumbered by brand and management affiliation providing the opportunity to completely reposition and rebrand the hotel in a marketplace experiencing high revenues.

FOR SALE DETAILS

PRICE

$16,500,000 USD

PRICE/SF

$353 USD /SF

# OF ROOMS

92

PRICE/ROOM

$179,348 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ewa Hotel Waikiki

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

8

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

U/X6/20

APN/PARCEL ID

1-2-6-027-028-0000

ASK ABOUT THIS PROPERTY

Yasuyuki KojimaCBRE, Inc.More Info
808-541-5109

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Yasuyuki KojimaCBRE, Inc.More Info
808-541-5109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.