The Equus Hotel

ASKING PRICE REDUCED!

INVESTMENT SUMMARY

  • Reduced Asking Price: $21,000,000
  • Address: 1696 Ala Moana Boulevard, Honolulu, HI 96815
  • 2016 Actual NOI: $1,239,000
  • 2017 Actual NOI: $871,800
  • 2018 Budgeted NOI: $1,122,844
  • Tenure: Fee Simple
  • Floors: 10
  • Land Area: 6,864 sq ft
  • Building Area: 26,476 sq ft
  • # of Rooms: 68
  • # of Parking Stalls: 15 on-site
  • TMK No.: (1) 2-6-11:20
  • Zoning: APART within the Waikiki Special District

INVESTMENT HIGHLIGHTS

  • Rare Fee Simple Boutique Hotel Opportunity
  • Unencumbered of brand and management operations
  • Well-located boutique hotel at the entrance to Waikiki
  • High Barriers to Entry due to lack of available land and high construction costs
  • Strong Hotel Market Fundamentals
  • Pro table lodging facility with tremendous potential for additional growth in new income
  • Resort fee newly implemented to dramatically increase revenue

LOCATION HIGHLIGHTS

  • Located within world-famous Waikiki, a Top-Tier Tourist Destination
  • Excellent street visibility along Ala Moana Boulevard, one of the main thoroughfares into Waikiki
  • Within walking distance of world-class dining, shopping, nightlife, and recreational activities
  • Conveniently located near Ala Moana Center and the Hawaii Convention Center
  • High Pedestrian & Vehicle Tra c with over 38,000 vehicles passing the property daily
  • Large Visitor Population
  • Less than 8 miles from the Honolulu International Airport

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