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KIP AOKI / KAOKI@STARADVERTISER.COM Kamehameha Schools announced Tuesday that it will seek a buyer for Royal Hawaiian Center in a deal that includes the mall buildings but not the underlying land.
ROYAL HAWAIIAN CENTER
Opened: 1981 Original cost: $40 million Owner: Kamehameha Schools Size: 310,000 square feet Tenants: About 110
DENNIS ODA / DODA@STARADVERTISER.COM Analysts say the shopping complex could fetch a big price. “It’s a trophy property,” said local retail industry analyst Stephany Sofos. “This is the No. 1 jewel in Waikiki.”
DENNIS ODA / DODA@STARADVERTISER.COM Royal Hawaiian Center is Kamehameha Schools’ single largest asset by value. The trust is seeking a buyer for shopping center’s buildings but will retain the land in leasehold
DENNIS ODA / DODA@STARADVERTISER.COM The Royal Hawaiian Center on Kalakaua Avenue in Waikiki has occupancy of about 90 percent. Among the tenants are Cheesecake Factory, Forever 21, Hermes, Bulgari, Tory Burch and Apple.