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$500M overhaul is largest in Waikiki

The hotel's parent company has invested $1 billion in improving its area properties

By Allison Schaefers

POSTED: 01:30 a.m. HST, Nov 08, 2013

~~<p>The Sheraton Princesss Kaiu&shy;lani is expected to close Aug. 1 for a massive redevelopment totaling $500 million, the highest reinvestment ever made in a single Waikiki property.</p>
<p>The project, which has been in the works for at least five years, represents the next big Waikiki reinvestment for the property's owner, Kyo-ya Hotels &amp; Resorts LP. Including this latest project, the company since 2007 has spent approximately $1 billion upgrading its four Waikiki hotels.</p>
~~

The Sheraton Princesss Kaiu­lani is expected to close Aug. 1 for a massive redevelopment totaling $500 million, the highest reinvestment ever made in a single Waikiki property.

The project, which has been in the works for at least five years, represents the next big Waikiki reinvestment for the property's owner, Kyo-ya Hotels & Resorts LP. Including this latest project, the company since 2007 has spent approximately $1 billion upgrading its four Waikiki hotels. Login for more...



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