03 Case Studies

Aqua Waikiki Pearl

Assignment Overview 

RobertDouglas advised DeBartolo Development in its recently-completed acquisition and financing of the leasehold interest in the Aqua Waikiki Pearl hotel in Hawaii.  The financing was completed with a domestic debt fund and while many lenders express interest in the deal given the strong sponsorship and healthy cash flow, the unique challenges of financing a relatively short-term leasehold interest narrowed the universe of lenders considerably and required an extra level of legal and financial structuring.

Project Overview

The 132-key Aqua Waikiki Pearl completed a full renovation in 2009 and features over-sized guestrooms, most with a large lanai, 27 suites, and over 5,300 square feet of leased retail space.

Deal Highlights

Capital Sources:
Financing Proceeds:
Key Count:
 DeBartolo Development
Domestic debt fund

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