Ka La'i Waikiki Beach
Spaces
Restaurant Opportunity For Lease at Ka La'i
Building description
Rarely available own restaurant opportunity for lease in the highly sought-after premier tourist destination of Waikiki, on the island of Oahu, Hawaii. The street level, ± 5,570 square foot condominium with ± 1,314 square foot lanai is located at the corner of Kālia Road and Beach Walk at the Ka La’i Waikīkī Beach Hotel.
Oahu and Waikiki boast world-class dining. Waikiki has historically had three restaurants doing well over $20M in sales, Wolfgang Steakhouse, The Cheesecake Factory, and Duke’s. In addition, of the 18 restaurants on Oahu which do over $10M in sales, 14 of these restaurants are in Waikiki.
The newly rebranded Ka La’i Waikīkī Beach is a 38-story, 462-room hotel and condos near Fort DeRussy Park marks the Hilton luxury brand’s first Oahu property. (The hotel itself is owned by Irongate and managed by LXR Hotels & Resorts.) The property has begun extensive renovations to reflect the new high-end aesthetics and will be the first time the property will be renovated since it originally opened in 2009.
223 Saratoga Road is a prime corner location, formerly occupied by BLT Steak, a short distance from 35,000 hotel rooms, Kalakaua Avenue and the Waikiki beach front.
Building highlights
PRIME WAIKIKI LOCATION
Located in the World-Renowned Waikiki, a top performing destination market, the site is within walking distance of world-class dining, recreational activities, shopping and nightlife.
STRONG RESTAURANT PERFORMANCE
Waikiki has 2 restaurants doing over $30M in annual sales and over 14 restaurants doing over $10M in annual sales.
WELL-LOCATED ASSET IN PREMIER TOURIST DESTINATION
Surrounded by hotels, the location benefits from 5.8 million visitors annually and $9.11 billion in total visitor expenditures.
RARE RESTAURANT OPPORTUNITY
Properties in Waikiki, the State’s biggest tourist attraction, seldom become available for restaurant operators.
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