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REA
January 24, 2018  

New Buyer Emerges for Hawaii Hotel

A partnership between Dune Real Estate and Highgate Hotels has agreed to buy a 623-room hotel on Hawaii’s Waikiki Beach, after an earlier deal fell apart.The duo will pay $212 million, or $340,000/room, for the leasehold interest in the Hilton Garden Inn Waikiki Beach, in Honolulu. Eastdil Secured is representing the seller, a joint venture between Rockpoint Group of Boston and local firm BlackSand Capital.The Rockpoint partnership turned...


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