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Wednesday, October 01, 2014         

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Solutions demanded for Waikiki homeless

Real estate experts warn that investment could dry up if the crisis is not repaired

By Allison Schaefers

~~<p>The current wave of Waikiki hotel investment, which peaked at $1.1 billion in transactions last year, will peter out if local government cannot solve the challenges caused by the district's swelling homeless population, say Hawaii real estate and tourism industry officials.</p>
<p>In 2013, Waikiki saw a 141 percent year-over-year rise in hotel investment activity, from $436 million in 2012, according to figures from Hospitality Advisors LLC. And a host of multimillion-dollar hotel and condominium proj&shy;ects have been announced to add room capacity to the area.</p>
~~

The current wave of Waikiki hotel investment, which peaked at $1.1 billion in transactions last year, will peter out if local government cannot solve the challenges caused by the district's swelling homeless population, say Hawaii real estate and tourism industry officials.

In 2013, Waikiki saw a 141 percent year-over-year rise in hotel investment activity, from $436 million in 2012, according to figures from Hospitality Advisors LLC. And a host of multimillion-dollar hotel and condominium proj­ects have been announced to add room capacity to the area. Login for more...



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