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Ewa Hotel Waikiki 2555 Cartwright Rd 92 Room Hotel Honolulu, HI 96815 $16,500,000 ($179,348/Room)
Executive Summary
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.
Property Facts
| Price | $16,500,000 | Building Size | 46,728 SF |
| Price Per Room | $179,348 | No. Rooms | 92 |
| Sale Type | Investment | No. Stories | 8 |
| Property Type | Hospitality | Year Built/Renovated | 1970/1989 |
| Property Subtype | Hotel | Parking Ratio | 0.77/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.34 AC | ||
| Zoning | U/X6/20 | ||
| Price | $16,500,000 |
| Price Per Room | $179,348 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 46,728 SF |
| No. Rooms | 92 |
| No. Stories | 8 |
| Year Built/Renovated | 1970/1989 |
| Parking Ratio | 0.77/1,000 SF |
| Corridor | Interior |
| Zoning | U/X6/20 |
Amenities
- Balcony
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 10 | $293.00 | - |
| Guest Room | 82 | $175.00 | - |
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1-2-6-027-028-0000 | Improvements Assessment | $4,983,000 |
| Land Assessment | $13,500,000 | Total Assessment | $18,483,000 |
Property Taxes
Parcel Number
1-2-6-027-028-0000
Land Assessment
$13,500,000
Improvements Assessment
$4,983,000
Total Assessment
$18,483,000
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Ewa Hotel Waikiki | 2555 Cartwright Rd
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