Partners Purchase Leasehold Interest in Ohana Waikiki West Hotel; FBI Building Achieves LEED Gold
Boston-based Rockpoint Group, local firm BlackSand Capital and California-based management firm Evolution Hospitality have announced the leasehold acquisition of the 659-room Ohana Waikiki West hotel in Honolulu.
According to the Pacific Business News, the partnership entered into a long-term ground lease with owner Queen Emma Land Co. as part of its purchase of the 41,160-square-foot building, which sits on about an acre of land on the mauka side of Kuhio Avenue.
Outrigger Hotels & Resorts, which has managed Ohana Waikiki West since the early 1970s, will continue to manage the property under its Ohana Hotels & Resorts brand.
The buyers are now planning to completely renovate the hotel and turn it into an upscale destination. The refurbishment project is expected to start next spring.
In other news, the Pacific Business News reports that the new FBI building in West Oahu has achieved LEED Gold certification from the Green Building Certification Institute.
Designed by Architects Hawaii Ltd. and developed by Penrose/Walsh FBI L.L.C., the 152,000-square-foot structure incorporates a variety of green features, including a solar photovoltaic system that provides about 20 percent of the facility’s typical power demand. Other green elements include water-efficient landscaping, as well as an improved storm water management system.
“The project owner and the FBI challenged us to deliver a state-of-the-art high-performance facility,” Architects Hawaii’s David Bylund said in a statement. “Achieving LEED Gold certification was a large part of that challenge, (but) the benefits include great reduction in energy and water use compared to a standard office building and a very healthy work environment for the FBI agents and staff.”
An April 9 ceremony this year marked the opening of the new FBI Honolulu Division building at 91-1300 Enterprise Ave. in Kalaeloa. The four-story facility houses about 200 employees, who oversee operations in Hawaii, Guam, Saipan and American Samoa.
Photo credits: www.airnewzealandholidays.comTags: Acquisitions/Dispositions, Architecture/Design, BlackSand Capital, Commercial, Consumer, Developers, Development, Evolution Hospitality, Finance/Investment, Green, Honolulu hospitality, Honolulu Lead Story, Honolulu office, Hospitality, Investors, leasing, Local, Managers, National, Office, Ohana Hotels & Resorts, Ohana Waikiki West, Outrigger Hotels & Resorts, Owners, Professional, property management, Regional, Rockpoint Group