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Sale of Harbor Arms Hotel

Harbor Arms Hotel

Colliers International agents, Nathan A. Fong and Andy Kazama brokered the sale of the Harbor Arms Hotel

Honolulu, September 18, 2020 – Colliers International agents, Nathan A. Fong and Andy Kazama brokered the sale of the Harbor Arms Hotel.  Fong & Kazama represented the sellers, in the transaction.

 

“The 30-unit hotel has been owned and operated by the same sellers for over 55 years.  Finding a qualified buyer and navigating this sale to the finish line during COVID presented many challenges and we are grateful for the opportunity.”

 

-Nathan A. Fong (B) – Senior Vice President

 

The Harbor Arms Hotel is located in the densely populated area of Aiea on the island of Oahu. The Property is one of two hotel properties in the trade area, which is centrally located and adjacent to Pearlridge Shopping Center and a soon to be completed rail station.  Consisting of 30 rooms, the property sits on 9,614 square feet of A-1 (Apartment) zoned land with a gross building area of 16,632 square feet. The three-story building also includes a pool, BBQ area and coin operated laundry facility.

 

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About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

 

 

For further information, please contact:

 

Sarah Lee Morihara

President/Managing Director

Colliers International
Phone: 808-523-9706

Email: Sarah.Morihara@colliers.com


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Nathan Fong

Senior Vice President | Retail Services Group Leader | Hawaii Investment & Retail Services Divisions | Shopping Center Division

Hawaii - Honolulu

Nathan Fong is a local boy, born and raised in Hawai’i, the eldest grandson of the late and great Senator Hiram L. Fong – the son of illiterate Cantonese immigrants, who overcame poverty, earned a law degree from Harvard, and became the first Asian-American United States Senator in history. This rooted Hawai’i family history is combined with 22 years of commercial real estate experience in the islands along with a devoted loyalty to Colliers International (previously known as Monroe & Friedlander). He currently leads and serves the Colliers Retail Group & Shopping Center Divisions and oversees a team of 16 brokers. He is also a fundamental part of the Colliers Hotel & Investment Divisions. He has the largest Shopping Center Portfolio in the state and spends his time working with institutional owners, institutional developers, trusts, family offiices, and institutional  tenants looking to do multi-store roll-outs. Creating opportunities for his clients is what he does.

Nathan’s intention has, and always will be, to make Hawai’i a better place through a sustainable and responsible brokerage. Putting his client’s needs first and designing creative solutions to their challenges is what he and his teams do best. He stands for maximum output and full potential; if you’re going to do something, then master it. Complacency and entitlement have no place in his world. The outcome and benefit for his clients are thoughtful, out of the box solutions, combined with steadfast execution.

Nathan's Team has an extensive knowledge and understanding of Hawai’i’s culture, with connections and relationships that go back a lifetime. His team has a proven track record of helping clients successfully do business in Hawai’i.   They are relentless in their execution and leverage all resources to get the job done.   They understand how to navigate the internal processes with Institutional Clients.  Their objective is to take time out of the process, while accelerating clients mandates. They facilitate win/win results for their clients Hawai’i Commercial Real Estate needs and provide them a competitive advantage. Not only do they  uncover opportunities, they create them...

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Andy Kazama

Vice President

Hawaii - Honolulu

I have worked in Hawaii’s Commercial Real Estate industry for over 11 years, representing clients locally, across Asia, and the mainland.  My background was formed early on through my involvement with my family's restaurant, learning how to prepare budgets, pro-formas, and health ratios along with providing great customer service.  It was here, that I learned with hard work and positive thinking anything can be achieved.

I was able to bring in my knowledge and experience from the family business to understand the details of a retail business from the customer’s perspective and the importance of customer service.  When I work with a client I take pride in getting the best result for them by taking the time to understand their specific needs.  When I work with a client I provide my market knowledge so my clients are able to make an informed decision.  This combined with my experience in Hawaii’s commercial real estate market, gives me a strong foundation to negotiate transactions for a “win win” solution for both parties.

I consider myself a person who is not afraid of new challenges, be it finding the perfect space for a tenant, executing growth strategies, or advising clients on investment opportunities.  I take pride in my solid ethical background, which is the foundation of my professional commitment to secure the best outcomes for my clients.   I value each of the relationships I have with my clients, and truly enjoy getting to know the people I meet through this business. I have a passion for real estate and continue to learn from each and every transaction I have been a part of. 

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