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February 12, 2024

Trump International Hotel Waikiki Rebrands as Ka La’i Waikiki Beach

Ka La'i

The former Trump International Hotel Waikiki officially unveiled its new name and affiliation, transitioning to Ka La’i Waikiki Beach under the Hilton LXR Hotels & Resorts brand. This marks a significant shift for the 38-story luxury hotel, located in the heart of Waikiki and overlooking the Pacific Ocean.

The rebranding follows the acquisition of the property by Irongate, a New York-based investment firm, in 2023. Under the new ownership, the hotel undergoes a management change, partnering with Hilton’s luxury LXR brand focused on unique and immersive experiences.

What’s Changing:

Name: The most notable change is the new name, Ka La’i, meaning “the edge” or “the path” in Hawaiian. This signifies a fresh start and connection to the local culture.

Management: The hotel transitions to Hilton LXR, known for its high-end service and personalized guest experiences.

Renovations: Plans are in place for a comprehensive renovation scheduled for 2025. The full extent of the renovation are yet to be unveiled, but it is expected to enhance the overall look and feel of the property. Ka La’i hotel units will also be upgraded and modernized.

What’s Staying the Same:

Hotel Structure: The 462 guest rooms and suites remain unchanged, offering spacious accommodations and various resort amenities including a fitness center, spa, on-site restaurants and more.

Staff: Many existing employees are expected to remain with the rebranded hotel, ensuring familiarity and continuity for guests.

Impact on Real Estate:

The requirement for unit renovations as part of the Ka La’i rebrand has led some experts to speculate on potential price impacts. With some owners opting to sell rather than upgrade, an increase in Ka La’i units on the market is taking place, lowering purchase prices. The long-term price impact remains to be seen and will depend on various market forces.

The news of the rebranding has generated significant interest within the hospitality industry and local community. It remains to be seen how the changes will translate into guest experiences and long-term impact on the Waikiki landscape.

Interested in learning more about the impact of the Ka La’i rebranding? Contact Sachi Hawaii for more info:
(808) 596-8801 | info@sachihawaii.com

February 9, 2024

Why Buyers Are Choosing The Ritz-Carlton Residences Waikiki

When Hawaii home shoppers envision the island lifestyle, it’s often centered around soothing tradewinds, turquoise Pacific Ocean waters, and sandy beaches within blocks of your home. With The Ritz-Carlton Residences Waikiki, that’s exactly what you’ll find, along with the legendary service of The Ritz-Carlton at your beck and call. This isn’t a dream; it’s the everyday reality for residents of The Ritz-Carlton Residences Waikiki, a coveted address where luxury meets island living in perfect harmony.

Ritz-Carlton #2908
Pictured: The Ritz-Carlton Residences Waikiki #D2908, Listed by Sachi Hawaii

But what exactly draws discerning buyers to this exclusive oasis amidst the vibrant energy of Waikiki? Let’s delve into the key reasons why The Ritz-Carlton Residences Waikiki stands out as a premier choice for those seeking an unparalleled Hawaiian haven:

1. Unrivaled Location and Views: Nestled at the entrance of Waikiki, just blocks from Waikiki Beach, the residences offer breathtaking panoramas ranging to vistas of the Pacific Ocean, Diamond Head Crater, the Koolau Mountains, and the city skyline. Step outside your door and you’re immersed in the heart of the action, with world-class shopping, dining, and entertainment just moments away. Yet, the residences themselves exude a serene ambiance, a tranquil escape from the hustle and bustle.

2. Impeccable Design and Finishes: From the moment you arrive at the Ritz, you’re enveloped in sophistication. Each residence boasts contemporary living spaces, floor-to-ceiling windows, and high-end finishes that seamlessly blend modern elegance with island flair. Spacious lanais extend your living area outdoors, blurring the lines between indoor and outdoor paradise.

3. Legendary Ritz-Carlton Service: Residents are treated to the unparalleled service and amenities synonymous with The Ritz-Carlton name. From personalized concierge services to housekeeping, valet parking, and 24/7 security, every detail is meticulously taken care of, ensuring a life of effortless luxury.

Ritz-Carlton Residences Waikiki Pool

4. World-Class Amenities: Two separate infinity-edge pools overlook the ocean, unwind in the spa, work out in the state-of-the-art fitness center, or indulge in culinary delights at the on-site restaurants. The residences offer a plethora of amenities designed to cater to every desire, without ever leaving the comfort of your home.

5. Investment Potential: Owning a piece of paradise presents a unique opportunity for investment. The Residences Waikiki boast a proven track record of strong rental income, attracting discerning travelers seeking the Ritz-Carlton experience. This, coupled with the prime location and limited availability, makes these residences a valuable asset with lasting appeal.

6. A Gateway to Adventure: While the allure of the residences themselves is undeniable, they also serve as a launchpad for exploring all that Oahu has to offer. Hike nearby majestic trails and discover hidden waterfalls, learn to surf legendary waves, or immerse yourself in the rich cultural tapestry of the islands. The possibilities for adventure are endless.

Choosing The Ritz-Carlton Residences Waikiki is more than just acquiring a property; it’s embracing a lifestyle. It’s about owning a piece of paradise, indulging in unparalleled service, and creating lasting memories within the iconic embrace of The Ritz-Carlton. If you’re seeking an investment that transcends mere bricks and mortar, and instead promises a lifetime of luxury and island bliss, then The Ritz-Carlton Residences Waikiki might just be your dream come true.

Interested in an exclusive lifestyle at the Ritz? Let Sachi Hawaii help you discover if this is your paradise, found.

Contact Sachi Hawaii:
(808) 596-8801 | info@sachihawaii.com

February 5, 2024

Understanding Leasehold Living: Exploring the Pros and Cons

In the world of Hawaii real estate, you’ll encounter two main types of property ownership: Fee Simple and Leasehold. While Fee Simple grants complete ownership of both the land and the building, leasehold offers a different perspective. So, what exactly is a leasehold property in Hawaii, and how does it differ from traditional homeownership?

Leasehold Concept:

Imagine renting an apartment, but for a much longer period – decades, even centuries. That’s essentially the idea behind a leasehold property. You purchase a property and acquire a deed to that property, along with the right to live in the property for a fixed term, outlined in a legal agreement called a lease. While you “own” the building or unit, you don’t own the underlying land. This ownership belongs to the land owner, who grants you the lease, which is generally a monthly fee paid by the “owner of the unit”, paid to the “owner of the land”. This monthly fee typically has a renegotiation date, and an end date. During renegotiation, the lease fee amount may be negotiated and adjusted. At the end of the lease, the land owner can opt to begin a new lease, or explore other opportunities for the use of the land.

Common Types of Leasehold Properties in Hawaii:

• Condominiums: Some condominiums in Hawaii operate on a leasehold system, with residents owning their individual units but collectively leasing the land the building sits on.

• Leasehold Houses: Less common, but available, particularly in certain developments or on government-owned land.

The Admiral Thomas Advantage: Why Consider Leasehold in This Case?

Admiral Thomas #2205 Living Room

While leasehold properties do come with specific considerations, Admiral Thomas #2205 presents an exciting opportunity with unique advantages:

• Prime Location: Nestled in the heart of Honolulu, Admiral Thomas offers unparalleled convenience and access to vibrant urban life, minutes to Downtown Honolulu, Ala Moana, Kakaako, beaches, shops, restaurants, and more.

• Affordability: Compared to Fee Simple properties in similar locations, leasehold options like Admiral Thomas can offer significant upfront cost savings, making homeownership in a desirable area more attainable.

• Community and Amenities: Many leasehold communities, like Admiral Thomas, boast well-maintained common areas, swimming pool and hot tub, and security features, providing a resort-style living experience without the hefty price tag of purchasing a comparable Fee Simple property.

• Renewal Potential: Admiral Thomas’s Lease currently extends to 2046 with the potential of future extension, allowing for your enjoyment of the property for decades to come.

Remember, careful research and understanding of the lease terms are crucial before making any decision. Consult with a qualified real estate professional to ensure leasehold ownership aligns with your long-term goals and financial situation.

Explore the Possibilities at Admiral Thomas #2205:

For those seeking a vibrant urban lifestyle at an attainable price point, Admiral Thomas #2205 presents a compelling opportunity within the leasehold landscape. With its prime location, well-managed building, and potential for renewal, this property could be your gateway to paradise living in Honolulu.

Disclaimer: This article is for informational purposes only and does not constitute legal advice. Please consult with a qualified real estate professional at Sachi Hawaii for specific guidance on leasehold properties in Hawaii.

Schedule a consultation and let Sachi Hawaii guide you through your Leasehold property purchase.

Contact Sachi Hawaii:
(808) 596-8801 | info@sachihawaii.com

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