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| Courtyard by Marriott King Kamehameha's Kona Beach Hotel, a 452-room, full-service beachfront hotel, 75-5660 Palani Road in the heart of Kona’s cultural center in Kailua-Kona on Hawaii’s Big Island |
SAN DIEGO, CA -– Holliday
Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of Courtyard
by Marriott King Kamehameha's Kona Beach Hotel, a 452-room, full-service
beachfront hotel in Kailua-Kona on Hawaii’s Big Island.
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| Scott Hall |
The HFF team marketed the property on behalf of the seller, Pacifica
Hotels.
Courtyard by Marriott King
Kamehameha's Kona Beach Hotel was extensively renovated and converted to one of
the most unique Marriott Courtyard hotels in the world in 2011.
The hotel
comprises two connected six-story towers that feature more than 20,000 square
feet of flexible indoor and outdoor meeting space;
- more than 18,000 square feet of retail, including a full-service spa; state-of-the-art fitness facility;
- yoga studio; 24-hour business center; outdoor pool and patio; tennis courts;
- and five food and beverage outlets, including Honu’s on the Beach Restaurant, Billfish Poolside Bar & Grill and The Island Breeze Hawaiian Lu’au.
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| Tony Malk |
The hotel is situated
on 13 acres of pristine beachfront land on Kailua Bay at 75-5660 Palani Road
in the heart of Kona’s cultural center.
The
hotel has direct access to the Kailua Pier, Kona’s primary point of onboarding
and disembarking for cruise ships, sportfishing, scuba diving and
snorkeling.
The
hotel and pier are also “ground zero” for the world-famous Ironman World
Championships.
Additionally, Courtyard by Marriott King
Kamehameha's Kona Beach Hotel is within walking distance to downtown Kona,
Kahaluu Beach Park and Kailua Village via Ali’i Drive or, as it is
colloquially known in Hawaii, the “Royal Footsteps along the Kona Coast.”
 |
| Tracey Goo |
The HFF investment advisory team
that arranged the transaction consisted of senior managing director Scott
Hall, managing director Tony Malk, director Tracey Goo and
analysts Aaron Lapping and Blake Malecha.
“The King
Kamehameha resort is a special place with a famed history,” Hall said.
“Pacifica Hotels had a creative long-term vision for the asset and executed
their business plan in a remarkable manner.
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| Aaron Lapping |
"The
buyer understands the dynamic fundamentals of the Big Island, the uniqueness of
the hotel and the continued upside that will be realized through this
investment.”
About Pacifica
Hotels
Pacifica Hotels was
formed in January of 1993 to consolidate the hospitality operations of Invest
West Financial Corporation, which has been involved in the acquisition,
development, refurbishing and operating of quality hotel properties and other
commercial real estate properties for almost 30 years.
Today, Pacifica Hotels is the largest owner
and operator of boutique hotels on the Pacific coast. Pacifica Hotels’ 40
independent and flagged properties in key California cities from San Diego to
San Francisco, as well as Hawaii and Florida, feature outstanding locations,
AAA 3 and 4-Diamond ratings, upgraded amenities and high standards of guest
service.
CONTACTS:
SCOTT HALL
HFF Senior Managing
Director
(858) 552-7690
TONY MALK
HFF Managing Director
(310) 407-2100
TRACEY GOO
HI. Lic. #RB-22254
HFF
Director
(310) 407-2100
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
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