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Zhiqiang's China Oceanwide to develop hotel on Oahu

(Oahu)

In the West Oahu development of Ko Olina, China Oceanwide Holdings has purchased an estimated 23 acres of land to develop a hotel and condominium for nearly $200 million, according to Pacific Business News. The completed development will include a 150-unit condo and a 150-room hotel.

The Resort Group is headed by Jeff Stone, the master developer of the 642-acre Ko Olina Resort, and a subsidiary of The Harry and Jeanette Weinberg Foundation. The group sold the nearly 1 million square feet of land to China Oceanwide Holdings, which did not name a management company or a brand for the hotel development. The company is also reportedly looking for other development projects in the U.S.

Ko Olina is slated to get Oahu’s first Four Seasons Hotels & Resorts-branded property in the spring, a conversion of the former JW Marriott hotel.