HONOLULU -- The following properties, all under new ownership, have
completed renovations, have them under way or are planning them.
OahuThe 485-room Hilton Turtle Bay Golf and Tennis Resort on Oahu's
north shore was purchased by Hawaii developer Bill Mills and
Oaktree Capital, a Los Angeles-based investment company, last
The seller was Asahi Jyuken, which bought the hotel in 1988.
Hilton continues as operator of the hotel, which opened in the
Structural engineers are surveying exteriors as a prelude to a
$20 million to $25 million restoration and renovation of the
property, according to Bill Mills Development.
Construction work, beginning with repairing exterior damage, is
expected to begin in April on a project expected to take three
Within the first two years, work will be under way on interior
renovations, which will include all rooms and public areas.
The hotel will remain open during the project.The 242-room Waikiki Terrace Hotel in Waikiki is undergoing a
$1.4 million renovation scheduled for completion late
Work began in May on the project at the 16-story hotel on
Kalakaua Avenue, near Fort DeRussy Park.
Rooms have new wallcoverings and carpets, and corridor
refurbishing includes new lighting.
New bedspreads and drap-eries are the last phase.
In October, the hotel opened a 24-hour business center that
includes computers and Internet access, and in December, it opened
a bar on the mezzanine floor.
Work completed also includes new lobby carpet and furniture.
The hotel was purchased by Otake Holdings, a Japanese company in
Castle Resorts & Hotels became the operator in early 1998,
taking over from Aston, and last August, the hotel took on Choice
Hotel's Clarion brand.Patriot American Hospitality Inc. bought the 227-room Park
Shore Hotel in Waikiki in 1997 from Universal Express (Hawaii)
In early 1998, Seattle-based WestCoast Hotels was bought in as
operator of the hotel, previously leased to Aston.
A $4.5 million renovation will begin in March and is expected to
be completed by early September.
Work will include exterior painting and the renovation of all
rooms, floor by floor, as well as the lobby and public areas,
including the pool and shops.
An exercise room and an business center will also be built as
part of the project.
The 18-story hotel, across from the beach and Honolulu Zoo,
opened in 1970.
Big IslandOutrigger Hotels & Resorts is planning a $20 million
renovation of the 545-room Royal Waikoloan on the Big Island's
Outrigger Enterprises Inc., the hotel chain's parent, purchased
the 15-acre beachfront property late September.
Work is expected to begin late spring on a project that is
expected to take 18 months.
Tentative plans call for a new entryway and porte cochere, the
renovation of all rooms and a remodeling of the pool area.
The hotel, to be renamed Outrigger Waikoloa Beach Resort after
the project's completion, was sold by TAAS Associates.
Outrigger has managed the property since 1991. The hotel opened
in 1981.Southwest Value Partners, a Scottsdale, Ariz.-based investment
group, bought the 314-room Keauhou Beach Resort on the Kona Coast
May 1 and closed it for a $15 million face-lift.
The property will reopen under Aston management March 1 as the
Aston Keauhou Beach Resort.
Renovation includes all rooms and public areas.
Food and beverage operations will be overseen by a Hawaiian chef
and restaurateur Sam Choy, and one outlet will be a Sam Choy
The hotel had been owned by financially-troubled Azabu Building
Azabu gave it up to the landowners Bishop Estate, which promptly
sold it to Southwest.
MauiStarwood Hotels & Resorts Worldwide bought the Westin Maui
at Kaanapali Beach Resort last August for $132 million.
The seller was Kaukani Inc., a Japanese company.
Starwood, which acquired Westin Hotels in early 1998, plans to
spend $25 million on renovating the property over a three-year
period, starting in June.
A total of $9.5 million will be spent this year on the
renovation of all 550 rooms in one of its two towers and new
The phase is expected to be completed by late November.
Scheduled for 2000 are the 225 rooms in the beach tower.
Also included in the project, expected to be completed by summer
2001, are the lobby, meeting rooms, swimming pools and other public
The hotel opened in the early 1970s as the Maui Surf.
Westin has managed the hotel since 1987, when it reopened after
a remodeling and expansion by hotel developer Chris Hemmeter.Marriott will announce plans soon for a major renovation of the
720-room Maui Marriott Resort at Kaanapali Beach Resort.
Plans were being finalized for a project expected to begin in
the first quarter of the year.
The chain bid a price of $145 million for the property at
foreclosure auction last August.
The auction was part of a foreclosure suit brought by Mitsui
Trust and Banking Co. against former owner Azabu Building Co.,
which purchased the property in 1986.
Marriott has managed the property since its opening in 1981.Embassy Vacation Resort-Kaanapali Beach completed a $10 million
renovation of its 413 one- and two-bedroom suites in December.
Work, which started last June, included new carpeting, drapes
and furniture as well as the renovation of bathrooms.
The property, which had been under chapter 11 bankruptcy
protection, was purchased by Los Angeles-based Signature Resorts, a
time-share operator, from Japanese investors in November 1997.
Marc Resorts Hawaii, which had been acquired by Signature the
previous month, became the operator.
Signature is selling 157 of the units as time-shares.Aston Hotels & Resorts assumed management of the 374-unit
Maui Islander in Lahaina last March.
The move followed its purchase of the 17-year-old property by
Southwest Value Partners, (which also owns Aston Keauhou Beach)
from its developer.
Maui Islander began renovations last summer that cost more than
Exteriors have been repainted, a new reception area built, and
the 10-acre low-rise hotel has new landscaping and barbecue
About half the rooms, studios and suites have been renovated,
and the rest will be completed by the end of 1999.
Room renovations include repainting and new furniture.
KauaiHoliday Inn SunSpree Resort held its grand reopening
celebration in November following the completion of a $9 million
The former Wailua Bay Hotel, purchased in 1997 by an investment
group affiliated with its operator, San Francisco-based Equinox
Hotel Management, had reopened last April after most projects were
The renovation included all rooms, public areas, food and
beverage operations and meeting facilities.
Opened in 1968, the hotel was called the Kauai Resort Hotel
until late 1996, when the name changed to Wailua Bay Hotel.