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Hawaii News

Trust places Waikiki center on the block

  • 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.
  • STAR-ADVERTISER

    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.

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