Princess Kaiulani to Stay Open

By Consillio, Kristen | Honolulu Star - Advertiser, March 1, 2014 | Go to article overview

Princess Kaiulani to Stay Open


Consillio, Kristen, Honolulu Star - Advertiser


Kyo-ya Hotels & Resorts LP, owner of the Sheraton hotels in Waikiki, has had a change of heart.

After announcing just weeks ago that an ownership change would have no effect on a planned $500 million upgrade of the Princess Kaiu­lani Hotel, the company said Friday that the property will remain open through the end of the first quarter of 2015, and possibly longer, as it re-evaluates the project. The hotel was expected to close Aug. 1 for the largest ever investment in a single Waikiki property.

"This is a very important decision and Kyo-ya is very committed to the community and what impact this project will have in Wai­kiki," Taka­masa Osa­no, Kyo-ya president, said in a news release. "It is my desire to carefully review the plans before moving forward."

The news release did not mention Kyo-ya's plans for building a new hotel tower on the site of the Moana Surfrider.

Kyo-ya, which employs more than 3,500 workers, owns the Sheraton Wai­kiki Resort; the Moana Surfrider Hotel, a Wes­tin Resort and Spa; the Royal Hawaiian, a Luxury Collection Resort; the Sheraton Princess Kaiu­lani; the Sheraton Maui Resort and Spa; and the San Francisco-based The Palace Hotel, a Luxury Collection Hotel. …

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