Kamehameha Schools Sells Royal Hawaiian Land for $510M

Kamehameha Schools cashes in on Waikiki hotel land | Honolulu Star-Advertiser

Kamehameha Schools has made what it described as a difficult but strategic decision to sell the land under the Royal Hawaiian Hotel in Waikiki, one of its most valuable properties in Hawaii.

Kamehameha Schools sells Royal Hawaiian land for $510M

Kamehameha Schools has sold its interest in the land beneath the Royal Hawaiian Hotel for $510 million to Japan-based Daisho Co. This move supports Kamehameha's mission to benefit Native Hawaiian communities.

Kamehameha Schools sells land under iconic Waikiki hotel for $510M

The sale of the land beneath The Royal Hawaiian marks the second major transaction for Kamehameha Schools this year, following another significant property deal on Hawaii Island.

Kamehameha Schools sells land under Royal Hawaiian for $510M

Japan-based Daisho Co. is now the fee-simple owner. The property, however, will continue to be held and operated under its current long-term ground lease…