Mandarin Oriental is returning to Hawaii with a new joint project with a Los Angeles-based financial firm.
Manaolana Place will be a 36-story mixed-use tower with a hotel and residences, and is expected to open in 2020.
The move marks a return to the Islands for the Hong Kong-based Mandarin Oriental, which hasn't had a property in Hawaii since the Kahala Hotel & Resort rebranded as an independent property in 2006. They are working on the deal with Salem Partners, an investment bank, real estate developer and wealth management firm.
Mandarin Oriental is planning a hotel and luxury residences project in Honolulu that is scheduled to open in 2020.
The 743,000-square-foot tower will be home to Mandarin Oriental, Honolulu, the hotel with 125 rooms and suites, and Residences at Mandarin Oriental, 107 luxury private homes. Plans for the development include a rooftop restaurant and bar, landscaped outdoor terraces offering views of Diamond Head, Ala Moana Beach and downtown Honolulu, restaurant, spa, fitness center and pool.
The tower site is at the intersection of Kapiolani Boulevard and Atkinson Drive, the location of a future transit hub in the Ala Moana district.
"This is extremely positive news for Honolulu," Honolulu Mayor Kirk Caldwell said in a statement announcing the project. "It is immensely rewarding to see our ongoing support of transit and Smart Growth planning beginning to bear great fruit. In addition, the Mandarin Oriental in Oahu helps to keep Honolulu competitive in the international tourism market, particularly with visitors from Asia and the Pacific."
Mandarin Oriental operates 29 hotels and eight residences in 19 countries and territories.