Waikiki Trade Center to be converted into a hotel

The Waikiki Trade Center will be turned into a 230-room boutique hotel, according to the center’s owner.

The owner, San Francisco’s Coastwood Capital Group, will be working with The Chartres Lodging Group to renovate the 22-story, 248,000-square-foot mixed-use building. According to the report, the upscale hotel, tentatively being called “Waikiki Trade Center Hotel,” could become a Hyatt Centric-branded property, targeting business travelers primarily. It will include a pool and an entertainment deck.

FREE DAILY NEWSLETTER

Like this story? Subscribe to Operations!

Hospitality professionals turn to Operations as their go-to source for breaking news on guest rooms, food & beverage, hospitality trends, management, and more. Sign up today to get news and updates delivered to your inbox daily and read on the go.

There will also be retail space at the street and mezzanine levels, replacing the former nightclub space at the mezzanine level. Nordstrom Rack will reportedly be one of the retailers that will open at the center in the spring of 2016.

The renovation is estimated to cost roughly $61 million and be finished by Fall 2016, according to Kokua Hospitality, the management arm of Chartres Lodging.

Hyatt Centric, launched earlier this year by Hyatt Hotel Corp., is a full-service lifestyle brand created for multigenerational “modern explorers,” according to Hyatt. Signature features include: The Corner, where guests can work, socialize and check out local books and magazines; a locally inspired bar and restaurant area; and modern technology. The brand is designed to cater to both business and leisure travelers.

According to PBN, the Waikiki Trade Center, currently being used as on office building, is aiming to alleviate a loss of more than 5,000 hotel rooms in the area since 2000.

Suggested Articles

The appointments include three at one California hotel and one at a Washington, D.C., property debuting a new restaurant.

The 300-room hotel is part of a larger $1.25 billion effort to build up Arlington’s stadium district.

A record 4.12 million visitors came to Israel last year, driving up room rates and revenue at hotels across the state.