Kyo-ya Hotels & Resorts, LP (Kyo-ya) has a storied history in Hawaii. Founded by Kenji Osano in 1960 as a subsidiary of Japan-based Kokusai Kogyo, Kyo-ya Company, Ltd. first established itself in the islands in 1961 and soon after purchased the Kyo-ya Japanese Restaurant on the edge of Fort DeRussy in Waikiki. In 1963 the company expanded with the acquisition of the Princess Kaiulani, historic Moana, and Surfrider hotels.
In 1974, Kyo-ya purchased The Royal Hawaiian, Sheraton Waikiki and Sheraton Maui, becoming the steward of the two most historic properties in Waikiki - the Moana Hotel (opened 1901) and The Royal Hawaiian (opened 1927). Since then, Kyo-ya has reinvested more than $250 million to maintain the original charm and character of these legendary properties.
Kyo-ya reinvested more than $165 million during the mid-1990s in the redevelopment of the Sheraton Maui. The two-year project resulted in one of the most breathtaking and exciting resorts on Maui, the Sheraton Maui Resort & Spa, anchored by the landmark Black Rock of Kaanapali.
Since 2006, Kyo-ya has been in the process of a $1 billion reinvestment in its Hawaii properties, beginning with the renovations of the Sheraton Waikiki, The Royal Hawaiian Hotel, Moana Surfrider, A Westin Resort & Spa, and Sheraton Princess Kaiulani. Part of this "Inspiration Renewed" project includes the redevelopment of the Moana Surfrider's Diamond Head Tower and the Sheraton Princess Kaiulani Hotel.