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WAIKIKI TRADE CENTER


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Office tower might turn into hotel

A partner in the work at the International Market Place has bought its neighbor

By Allison Schaefers

POSTED: 01:30 a.m. HST, Jan 23, 2014

~~<p>San Francisco-based Coastwood Capital Group LLC, a partner in the International Market Place redevelopment, confirmed Wednesday that it has bought the leasehold interest in the adjacent Waikiki Trade Center for an undisclosed sum.</p>
<p>&quot;The acquisition of Waikiki Trade Center is an exciting opportunity for Coastwood Capital Group LLC to continue to play a role in the renaissance of Waikiki. We are currently refining our business plan for the asset as we strive to find the highest and best use for the property and the market, as we do with all of our investments. In the meantime, there are no immediate changes planned for the property,&quot; said Cordell Lietz, Coastwood Capital Group's president.</p>
~~

San Francisco-based Coastwood Capital Group LLC, a partner in the International Market Place redevelopment, confirmed Wednesday that it has bought the leasehold interest in the adjacent Waikiki Trade Center for an undisclosed sum.

"The acquisition of Waikiki Trade Center is an exciting opportunity for Coastwood Capital Group LLC to continue to play a role in the renaissance of Waikiki. We are currently refining our business plan for the asset as we strive to find the highest and best use for the property and the market, as we do with all of our investments. In the meantime, there are no immediate changes planned for the property," said Cordell Lietz, Coastwood Capital Group's president. Login for more...



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