Hawaii Real Estate starts Here!

Local real estate developer Peter Savio has purchased the Ewa Hotel on Cartwright street on the Diamond Head side of Waikiki for an undisclosed price.  It is understood that his plan is to turn the 97 unit hotel into an economy hotel and part student dormitory.

A bill before the state legislature would help revive the plan to redevelop the state owned land around the Aloha Tower Marketplace is gaining new strength.  Last year the state agency that was in charge of the redevelopment was disbanded because of lack of support.  The last proposed project was proposed by Texas developer, Ken Hughes.  The project which dragged on for 6 years included residential as well as retail units ended which an arbitration award to Hughes for $1.6million in 2009.

The area is in dire need of development and a new plan to support downtown and the cruise industry traffic.  The new committee will have fewer decision makers and have a weighted participation by the Department of transporation.

To learn more about real estate in Hawaii, contact Malia L. Meenderman, R, Bonnebaker LLC

Marriott is joining forces with Alexander and Baldwin to build a Courtyard by Marriott.  The hotel will be located near the Kahalui airport.  The project has been planned for nearly a decade and will finally break ground next week.  Tourism officials have longed wanted a hotel near the airport that can accommodate business travelers and this would fill the bill.

To learn more about real estate in Hawaii contact Malia L Meenderman, R, our principal broker.