Laie Ventures selected to develop Marriott-branded Oahu hotel6 May, 2013
Laie Ventures has been selected as the developer of a Marriott-branded hotel on Oahu’s North Shore that will replace what used to be the Laie Inn, Pacific Business News reports. Construction on the new hotel is expected to begin later this year.
Though approved for four stories and 222 rooms, plans have been scaled back to three stories, and 144 rooms are planned for the first phase of the project.
Laie Ventures is led by Dan Gifford and Brent Wood, who have partnered to develop and finance the project.
Future phasing will depend on various factors, including market demand. Initial permits for horizontal infrastructure have been filed and site preparation work is expected to begin soon.
An upscale pool, bistro and meeting space in the entry building are planned for the redevelopment. Final selection of other development team members is underway and more information will be forthcoming as the process moves forward.
Redevelopment of the hotel is being facilitated through a ground lease by land manager Hawaii Reserves, Inc.
External Source : Pacific Business News
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