03 Case Studies

Ohana Waikiki West Redevelopment Financing

Assignment Overview 

RobertDouglas advised Rockpoint Group, BlackSand Capital, and Evolution Hospitality on a redevelopment financing for the Ohana Waikiki West in Waikiki, HI.  The $50 million construction financing was provided by Wells Fargo Bank.

Project Overview

The Ohana Waikiki West will undergo a substantial redevelopment process to reopen in the summer of 2016 as a 621-key Hilton Garden Inn.  Upon completion, the Hilton Garden Inn is poised to quickly establish itself as an upscale, premium select-service hotel offering with newly transformed guestrooms; upgraded lobby and public spaces with high ceilings; new food and beverage outlets; and a refreshed swimming pool deck and bar.  Situated in the heart of Waikiki, the Property is located directly across Kuhio Avenue from Taubman’s International Market Place, a 360,000-square-foot retail esplanade that is undergoing a massive $120 million redevelopment.

Deal Highlights

Client (Borrower):
Financing Proceeds:
Key Count:
 Rockpoint Group, BlackSand Capital, and Evolution Hospitality
Wells Fargo
$50 million
621 keys (upon completion)

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