Investors hope to convert excess office space into residential rentals and fee-simple housing, hotels, educational space, retail, activity centers, food and beverage venues, and community services like dog parks and senior care.
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Gov. Josh Green used the opportunity of President Joe Biden’s visit Monday to strongly encourage visitors to travel to the unaffected parts of Maui and the rest of Hawaii.
The report says properties still testing the market for a few months or more include Hyatt Centric, sister properties Airport Honolulu/Best Western, the Pacific Marina Inn, the Hawaii Prince Waikiki
One of the unique characteristics of the Hawaii hotel investment market – in addition to being totally dependent upon visitor arrivals – is that a volcano can influence the market.