The Ilikai Hotel

Property type: Condo/Retail
Business line: Operating Properties
Location: Honolulu, HI

Ilikai Hotel
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This iconic Hawaiian hotel had fallen into neglect and was mired in controversy. When iStar took ownership of the hotel portion of the 30-story tower, we worked hard to rebuild trust with the hotel employees and condo owners, while investing in upgrades and a lobby/retail experience worthy of The Ilikai’s name. We secured permission to add kitchens to the hotel units and began selling them as condos. It took a full mix of iStar disciplines—architecture and engineering, legal, public relations, finance, operations—working in concert to bring to life The Ilikai’s inherent value and best use.