Silverwest Hotel Partners acquires Waikoloa Beach Marriott

Silverwest Hotel Partners acquired Waikoloa Beach Marriott from an affiliate of Blackstone Real Estate Advisors of New York for an undisclosed price. The Waikoloa Beach Marriott is a 555-room resort hotel that sits on 16 oceanfront acres on the shore of Anaeho`omalu Bay, on the Big Island’s Kohala Coast. 

Silverwest, a Denver-based firm, is acquiring the hotel on behalf of SMG I Hotel Waikoloa in a joint venture with Mariner Real Estate Management and an affiliate of Global Endowment Management (GEM).

Silverwest Hotel Partners currently has two Colorado hotel projects underway: a 113-room Element by Westin in Basalt, and an 88-room Hampton Inn and Suites in Silverthorne. Construction of both hotels began in October 2014 and both hotels are set to open for the 2015-16 ski season.

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DTZ Investors has purchased the property along with other real estate for more than £70 million.

The company will sell an approximately 5 percent stake in the Shanghai-based hotel operator and franchisor for a nine-figure sum. 

Over the span of a few weeks, four hotels—three Marriott brands and a Cambria Hotel—have opened in the Phoenix area.