Sheraton Waikiki
Honolulu, HI
Property:
Sheraton Waikiki
Location:
Honolulu, HI
# of Rooms:
1,695
Meeting Space (SF):
59,000±
F&B Outlets:
5
Client Profile:
Private Equity Fund
Assignment Status:
Active
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CHM, in tandem with Kyo-ya Company, is responsible for asset and investment oversight of the Sheraton Waikiki, the largest resort in Oahu. The Sheraton Waikiki is one of eight properties owned in partnership since late 2004 with an international hotel ownership company, collectively referred to as Kyo-ya Hotels. This asset represents the leading resort and meetings destination and is located in the heart of Waikiki Beach. Given its location and strong reputation in the market, this resort represents a tremendous opportunity for value enhancement, through a combination of upgrading the product, as well as developing additional support components to complement the overall operation. The team is responsible for active operational oversight, including identifying and implementing strategies to maximize property appreciation through a combination of cash flow and property enhancements.