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Resort Retail Newsletter

 

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Resort Retail – News Updates

Shirokiya reveals statistics from Japan Village Walk opening weekend – More than 40,000 customers attended the opening of Shirokiya Holdings Inc.’s new Shirokiya Japan Village Walk retail and restaurant complex at Hawaii’s largest shopping mall.

BLT Market opens in new Ritz-Carlton Residences, Waikiki Beach – BLT Market has opened on the eighth floor of the new Ritz-Carlton Residences, Waikiki Beach on Kuhio Avenue.

80% of space in former Macy’s tentatively leased – Alexander & Baldwin Inc. announced Wednesday that retail, restaurant and service businesses have tentatively committed to lease more than 80 percent of the space in the former Kailua Macy’s store it is converting into a shopping complex named Lau Hala Shops.

Proposed 350-foot Waikiki tower spurs concerns about highrise sprawl – Community members say a proposed 350-foot condo-hotel tower in Waikiki could spur highrise sprawl in Hawaii’s no.1 tourist destination.

New seafood restaurant set to open at Four Seasons Resort Oahu at Ko Olina – The Fish House restaurant is set to open on Tuesday at the Four Seasons Resort Oahu at Ko Olina, which recently opened after undergoing an extensive renovation and rebranding.

$100M face-lift to transform Outrigger Reef – Soaring construction costs have caused Outrigger Enterprises Group to abort plans to build a new 32-story hotel tower at the Outrigger Reef Waikiki Beach Resort.

Hilton Garden Inn Waikiki Beach opens for business – Hilton Garden Inn Waikiki Beach, the brand’s second property in Hawaii, and with 623 rooms the largest of 700 Hilton Garden Inns worldwide, opened for business on Monday.

Hotel occupancy drops statewide during week of June 5–11 – There was a decline in the percentage of occupied Hawaii hotel rooms during the week of June 5 when compared with the same week in 2015, according to the Hospitality Advisors LLC and STR weekly hotel report.

>  Boutique Waikiki hotel getting a refresh – Waikiki’s Polynesian Plaza boutique hotel, which was recently purchased by a Korean firm, will be undergoing a major upgrade, Pacific Business News has learned.

Travel Budgets Have Peaked as Share of Consumer Wallet, Growth to Cool Down – Who will win in the book-direct campaigns by chains such as Marriott, Hyatt, Hilton, and others to steal share from the online travel agencies?

Hotel-condo project clears Council zoning panel – The Ritz-Carlton Residences, Waikiki Beach project cleared another hurdle Thursday when the Honolulu City Council Zoning Committee elected to move the project forward.

Olive & Oliver, new boutique in Waikiki’s Surfjack Hotel & Swim Club, now open for business– “We aim to have the best cup of coffee in Waikiki,” Moosman told Pacific Business News in an interview on Tuesday.

West Maui shopping center gets a whale of a makeover – An approximately $26 million renovation of Whalers Village is “timely” and sorely needed for the nearly half-a-century-old shopping center, a Kaanapali resort official said Friday.

Applebee’s to open at DeBartolo Development’s West Oahu mall – Applebee’s is opening one of its first Hawaii restaurants at DeBartolo Development’s Macy’s-anchored Ka Makana Alii West Oahu shopping mall this fall, the developer said Wednesday.

Waikiki-area high-rise meets little resistance – The Manaolana Place Hotel and Residential Condominium Project, a 400-foot-high mixed-use tower planned for a corner across Atkinson Drive from the Hawai‘i Convention Center, is moving through the permitting process.

How International Issues Affect Foreign Investment in U.S. Real Estate – There’s no doubt thatinternational buyers love U.S. real estate. In 2015, 15.4 percent of all commercial real estate buyers in the U.S. were from overseas, according to financial and professional services firm Jones Lang LaSalle.

Hyatt Regency to be sold for $800M – Blackstone Group LP has reached an agreement to sell the leasehold interests in the Hyatt Regency Waikiki Beach Resort and Spa for $800 million to Mirae Asset Global Investments, according to sources close to the deal.

Kahala Sportswear opens store in Waikiki – Tori Richard Ltd. has brought its famed men’s aloha wear line Kahala to Waikiki, with its fourth store.


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Emalia Pietsch (S)
808 523 9710
emalia.pietsch@colliers.com

Julia Matsuura (S)
808 523 8317
julia.matsuura@colliers.com

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