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Commercial Condominiums at the Ilikai Hotel Sold

Ilikai Hotel Hero

Colliers is pleased to announce the recent sale of the commercial condominiums within the famed Ilikai Hotel, located at the entrance of Waikiki.

Colliers represented the seller in the sale to Watumull Properties Corp. The transaction included the Ilikai Shops - 68,674 square feet of retail, a lease with Aqua-Aston (the front-desk operations for the Ilikai Hotel and Luxury Suites), and the 436-stall parking garage.

Soaring to 30 stories with its stunning glass elevator, the 1,009-unit Ilikai is one of Honolulu’s most iconic properties. Developed by the legendary Chinn Ho, the Ilikai is well known throughout Hawaii and the world, having been featured prominently in the opening sequences of the original “Hawaii Five-0” series.

The Ilikai Shops offers a legendary address, a convenient location between Ala Moana and Waikiki, and unsurpassed ocean and mauka views. Only three spaces remain, a rare opportunity to join notable tenants such as Pesca, Cinnamon’s at the Ilikai, and Ku’Ai Market (Food Pantry/Foodland).

The buyer, Watumull Properties Corp. is a local real estate entity that owns commercial properties on all major Hawaiian Islands. The Watumull family was a tenant in the Ilikai during its founding years as an iconic aloha-wear retailer and has since expanded their business to commercial real estate ownership and management. The Watumulls' expertise in local real estate, familiarity with the property, and belief in its potential allowed them to swiftly close the deal by year-end.

For further information please contact:
Sarah Morihara | President/Managing Director, Hawaii
808 523 9706 |

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Sarah Lee Morihara is president and managing director of Colliers in Hawaii. In this capacity, Sarah oversees the operations of all Colliers service lines in the islands including brokerage, property management and consulting.  She ensures service delivery to the company’s clients, engages in client consultation, and provides guidance and support to Colliers agents, property managers and other staff members. In concert, Sarah and Colliers executive team strive to provide optimal commercial real estate solutions for clients.                                                                          

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Mark Bratton

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Emalia Pietsch

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PASSIONATE is one word that describes how I am with projects and clients. When you truly love what you do, it is hard to call it work! I concentrate my energy on high street retail in Waikiki, Urban Retail in Kaka'ako, specialized affluent neighborhoods, and all other Resort Retail markets throughout the islands. I specialize in Landlord representation and working with experienced local and national resort, urban, and luxury retail tenants. I am able to strategically work with tenants on their expansion plan and provide detailed analysis on the roll out of their brand within the Hawaii Market.

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