Aqua Hospitality took over management of the 108-room Hokele Suites hotel on Lewers Street this week, following the sale of the property to a group of investors, Aqua Hospitality president and CEO Ben Rafter told the Pacific Business News.
Hokele Suites was previously managed by Castle Resorts & Hotels. Rafter said the new ownership group hired Aqua Hospitality to renovate and manage the hotel.
“We’re excited because the bones of the property are good, the way it’s structured. We have some pretty exciting ideas of what we can do with the property,” Rafter said.
Rafter expects Aqua Hospitality and the property owners to invest between $7 million and $9 million to renovate the property, which is located at 412 Lewers St., between Kuhio Avenue and Ala Wai Boulevard.
“We would like to turn the hotel and courtyard of the hotel — which has a pool — into a real vibrant, sort of community-based type of experience, which is lacking right now,” Rafter said.
Following the renovation, Aqua Hospitality will rename the hotel and it will become part of the Aqua Hotels and Resorts brand.
Hokele Suites is the second property Aqua Hospitality has added to its portfolio since the start of 2014. The company assumed management of the Luana Waikiki effective Jan. 1.