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Return to My Hawaii Condo Homepage DESCRIPTION: Leasehold hotel/condominium property with 62 units in studio, one bedroom/one bath and two bedrooms/one bath configuration. Lease expire 2032. Lessor is Lum/Chan Trust. No swimming pool. Small, grassy area with deck chairs fronts the ocean. SECURITY: Locked door requiring pass key, private security guard on premise, entry through hotel lobby. PETS: Small dogs and cats are permitted. SUPERMARKETS: Food Pantry - 2370 Kuhio Avenue, Foodland - 2919 Kapiolani Boulevard, Times Supermarket - 1173 21st Avenue. REGIONAL MALL: Kahala Mall - 4211 Waialae Avenue. PUBLIC SCHOOLS: Waikiki for elementary, Washington for intermediate and Kaimuki for high school. COMMENTS: In 1990, Ocean Resort Hotel Corp., a firm owned by Sports Shinko Resort Hotel Corp. of Japan, purchased most of the units for $13,500,000 and managed them as hotel rentals. Sports Shinko subsequently sold out in early 2001 to a local real estate company for less than the asking price of $5.5 million. After the transaction closed, these units were sold. Although classified as a "hotel", timeshares are not permitted.
CONDOS FOR SALE: Send an email to cathiuyemura@lava.net for information on units currently for sale in this building.
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