About Sachi Hawaii: News & Events
New Waikiki Condominium to have Ritz-Carlton Brand
Thursday, December 27, 2012


RENDERING COURTESY PACREP LLC

A new 37-story luxury condominium sporting the Ritz-Carlton brand is springing up near the entrance of Waikiki. Slated for completion in 2016, sales are expected to begin early 2013, and construction to begin at the end of the new year.

Parcep LLC, a Los Angeles developer, has signed on with Ritz-Carlton for this joint venture project. This $275 million dollar project will house 459 hotel units, and will be Ritz-Carlton's second property in the Hawaii islands.

Named The Ritz-Carlton Residences Waikiki Beach, early impressions are positive from investors locally and abroad. "The Residences will further secure Waikiki's position as a world-class destination providing full- and part-time residents, as well as visitors, with all the legendary services and amenities they have come to expect of The Ritz-Carlton brand," Jason Grosfeld, a Pacrep LLC principal said in a statement.

Rooms in Waikiki's Ritz-Carlton will range from 400 sq.ft. to 3,000 sq.ft. The hotel is expected to generate between 20 million and 30 million annually, according to estimates from the Hotel's management company. Included you'll find the usual amenities including Pool, Spa, and Fitness Center. A restaurant, world-class Sushi chef, and gourmet food market are also in the initial plans.

For more information regarding The Ritz-Carlton Residences Waikiki Beach, contact us today at (808) 596-8801 or info@sachihawaii.com. Our team of professional, discrete real estate agents have been purchasing and selling up-scale luxury homes and condominiums throughout Oahu for over 23 years.
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