Location
Honolulu, HI
Type
Hotel
Service
Acquisition/Disposition
Size
400 Rooms
Highlights
- Off-Market Investment
- Repositioned discount Hotel right on the water into a luxury lifestyle hotel with an ocean theme
- Acquired hotel for $55M, repositioned it, and sold it for $74M ($19M upside)
Wyland Hotel
McKinney was the managing partner for this hotel under prior partnership agreement. The hotel was part of a portfolio purchase. We repositioned the asset from a discount hotel in a good location at the heart of Waikiki into a chic boutique-style hotel. With lush grounds and local art, the hotel feels like a gallery. We purchased the hotel for $55 million and then repositioned and sold it for $74 million in under two years.