At a time when the local and global economies are slowly recovering from their most serious challenges in years, Kyo-ya Hotels & Resorts is proposing to continue its reinvestment in Waikiki with the planned redevelopment of the Sheraton Princess Kaiulani and Diamond Head Tower of the Moana Surfrider. These projects will provide much needed updated accommodations and amenities for visitors and residents, while helping to ensure Waikiki maintains its reputation as a world-class destination.
The majority of the hotels in Waikiki were built in the 1960s and 1970s, with the last one built more than 30 years ago. Hotel owners, including Kyo-ya, have invested millions of dollars in recent years to improve existing hotels. The challenge for Waikiki as a destination is that, without further improvements, its hotels will find difficulty in remaining competitive with other resort destinations. Modern hotels have larger guestrooms, expanded bathrooms and amenities not found in the existing Waikiki inventory.
Kyo-ya has already completed renovations of the landmark The Royal Hawaiian, a Luxury Collection Resort, the historic Moana Surfrider, A Westin Resort & Spa, and the Sheraton Waikiki. The company will have reinvested more than $1 billion in Hawaii’s economy upon completion of this final phase of its portfolio of Waikiki hotels. These projects help ensure continued growth in the state's visitor industry, while focusing development where there is existing infrastructure, including utilities, transportation, restaurants and retail.
Since the initial planning stages, Kyo-ya has worked closely with all stakeholders to ensure these projects incorporate input from the community, embrace Native Hawaiian culture, and protect the environment.