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.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.


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.