The JW Marriott Ihilani Resort & Spa at Ko Olina in Hawaii will be converted to a hotel-condominium project with retail and other commercial uses, and a portion of the current hotel and the entire banquet pavilion will be demolished to make way for new residential towers.
Group 70 was hired assess the Ihilani as part of due diligence for potential redevelopment. The hotel is set to close early next year to undergo a renovation and then reopen under the Four Seasons brand.
The hotel was built two decades ago and will lose the Marriott flag after its management agreement ends on Dec. 31. The Resort Group is repurchasing the Ihilani from Cornerstone Real Estate Advisors following the expiration of the JW Marriott contract.
Group 70 told Pacific Business News that the maximum additional square footage allowed by zoning for the new development is about 300,000 square feet, and that the building will need to comply with setback and height requirements as well as provide additional parking and loading docks.