Ka La'i Waikiki Beach Commercial Condo
Retail | 5,570 SF
Marketing description
Cushman & Wakefield | ChaneyBrooks is pleased to present an exceptional opportunity for an owner-user or investor to purchase a rarely available own restaurant condominium 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.
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.) Starting in 2025, the property, is undergoing 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
Investment 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 OWNER-USER OPPORTUNITY
Properties in Waikiki, the State’s biggest tourist attraction, seldom become available for owner-users to purchase their own building. The site would be ideal for a restaurant location.
SIGNIFICANT BARRIERS TO ENTRY
Due to the high demand and scarcity of fee simple land in Waikiki, the asset is extremely rare.
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