Photo Credit: Alanah via Compfight cc
By Pacific Business News Reporter Duane Shimogawa
The Ambassador Hotel Waikiki has been sold to a Chicago-based private equity real estate investment firm called Walton Street Capital LLC for $71.5 million, according to public records.
The purchase includes a total of six parcels that span 67,229 square feet, including the 26,470 square feet Ambassador Hotel property at 2040 Kuhio Avenue in Waikiki.