Kailua-Kona Hotel / Residential / Cmml Development Site
Hospitality
Marketing description
Powell & Aucello is proud to offer a rare fee-simple development site in the heart of Kailua-Kona on the Island of Hawaii. The Kailua-Kona Henry Street Hotel Site is a general commercial zoned property offering spectacular ocean views. This is an extraordinary opportunity to own a 4.06-acre fee-simple development site zoned for hotel, resort condominium, residential, retail or general commercial uses in vibrant Kailua-Kona.
Investment highlights
Some distinctive aspects about the Property include:
• Fee Simple tenure in a market where many of the prime sites are leasehold.
• Irreplaceable location only steps to shops and restaurants in Kailua-Kona.
• Kailua-Kona hotel market’s boom strengthens the long-term growth prospects for this market.
• Conveniently located on Henry Street and Hawaii Belt Road (Route 11), the Kohala Coast’s main thoroughfare.
The Property reflects the positive trends in the Hawaii economy and hotel market including:
• Excellent long-term prospects for a strong post-Covid recovery.
• A lack of land with entitlements for future hotel or resort condominium development provides an extremely high barrier to entry.
• Hawaii hotel’s historically strong RevPAR continues to pique the interest of institutional investors and high net worth investors from the US and Asia.
• Dramatic, unprecedented growth in hotel room revenues in the Kailua-Kona market are resulting in much higher hotel valuations.
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