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Hawaiian trust sells land under famed Waikiki hotel

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Hawaiian trust sells land under famed Waikiki hotel


It was one of the last remaining pieces of beachfront land in Waikiki that was still owned by a Hawaiian trust. Now, though, the land under the iconic Royal Hawaiian Hotel, also known as the “Pink Palace of the Pacific,” has been sold.

Landowner Kamehameha Schools announced earlier this month that it had sold the 10.3-acre parcel for $510 million to Daisho Co. Ltd., a Japan-based real estate company. It’s the second major property sale the trust has sold this year. In September, it sold nearly 500 acres under the Four Seasons Resort Hualalai on Hawaii Island to billionaire Michael Dell for an estimated $400 million.

Daisho’s portfolio holds $1.5 billion in assets with properties located in Singapore, Japan and Australia. The company “acquires and develops select properties for long-term retention,” according to its website. The Royal Hawaiian Hotel will continue to be operated under its long-term land lease, according to Kamehameha Schools’ announcement, by Kyo-ya Hotels & Resorts, which has a long history in Waikiki; the company also owns the Moana Surfrider and the Sheraton Waikiki.

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Kamehameha Schools is a private trust founded by the will of Hawaiian Princess Bernice Pauahi Bishop in 1884 to improve the education of Native Hawaiians. It is the largest private landowner in the state, with around 364,000 acres in its portfolio, and its endowment has an estimated $4.7 billion in Hawaii real estate, according to a 2024 annual report.

“We are always emotional when we sell land because all aina [land] is special. We only sell after much deep and agonizing consideration,” Crystal Rose, chair of the Board of Trustees of Kamehameha Schools, said in a Nov. 7 news release. “Our kuleana [responsibility] is to steward a dynamic portfolio that best serves our trust. At the same time, we know that our lands carry historical significance, especially this one, which our founder and generations of alii [royals] before her had nurtured.”

The Royal Hawaiian Hotel opened in 1927. At the time, Kamehameha Schools wanted a hotel built on the property, and Matson Navigation Co. invested $4 million in building the luxurious resort for its Matson passengers, the hotel explains on its website. Its Moorish style of architecture with a pink stucco finish became an iconic symbol for tourism in Waikiki.

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The land under the iconic Royal Hawaiian Hotelon the island of Oahu, Hawaii, is now owned by a Japan-based real estate company.

The land under the iconic Royal Hawaiian Hotelon the island of Oahu, Hawaii, is now owned by a Japan-based real estate company.

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Andrew Woodley/Universal Images Group via Getty Images/Education Images/Universal Image

Kamehameha Schools still owns land under the neighboring Royal Hawaiian Center, including Helumoa, the historically and culturally significant royal coconut grove. It’s the last piece of land the trust owns in Waikiki, and in the Nov. 7 announcement, the trust explicitly said that it is not considering selling the Helumoa land at this time. 

The nonprofit Queen Emma Land Co. is the last of the Native Hawaiian-serving organizations to own beachfront property in Waikiki, according to public records. It is the fee owner of the land under the Outrigger Waikiki.

Why Kamehameha Schools decided to sell the land under the Royal Hawaiian Hotel is still unknown, but its CEO Jack Wong said in a statement included in the Nov. 7 announcement that “it is best to sell the fee simple at this time.” SFGATE reached out to Kamehameha Schools for further comment but was told it’s not making additional statements at this time.

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Generally, the trust generates income from land leases to put toward its mission of educating Native Hawaiians. “Today, competition is global and intense,” Wong said in a statement in October about the launch of the trust’s 2030 strategic plan. 

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“To endure, we must excel at financial management. Yet financial strength alone is not enough,” he continued. “True success comes when stewardship and strategy work together, when we malama aina [care for the land] to educate keiki [children], care for ecosystems, create homes and jobs, grow food, restore culture and strengthen identity.”

Aside from selling land, in recent years Kamehameha Schools has purchased approximately 11,000 acres, including a 656-acre ranch on Hawaii Island and a 3,885-acre parcel above Lahaina on Maui.

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Editor’s note: SFGATE recognizes the importance of diacritical marks in the Hawaiian language. We are unable to use them due to the limitations of our publishing platform.

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Hawaii

YAS Fest Returns To Kalākaua Park, March 14th

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(BIVN) – YAS Fest, aka the Youth Art Series Festival, is returning to Kalākaua Park in Downtown Hilo.

The East Hawaiʻi Cultural Center is hosting the event on Saturday, March 14th from 10 a.m. to 2 p.m. “Keiki and their families will be treated to an exciting array of performances, craft and information booths, and art activities,” a press release promoted.

From event organizers:

YAS Fest brings together local organizations dedicated to providing arts opportunities to keiki and teens from around Hawaiʻi Island. By spotlighting their activities, YAS Fest celebrates the importance of arts education for everyone.

Booths include the Hilo High School Art Club, Hawaiʻi Handweavers’ Hui, Friends of the Palace Theatre, and over a dozen more.

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Headlining the performers is HAAStile (a teen rock band from Hawaiʻi Academy of Arts and Sciences, directed by Trever Veilleux). Audiences will also enjoy performances by Big Wave Dance Academy, Aloha Teen Theatre, N2 Dance, Hawaii’s Volcano Circus, Prince Dance Institute, and Kona Dance and Performing Arts.

YAS Fest is made possible by support from County Council District 2 and Coldwell Banker Island Properties. EHCC also thanks KTA Super Stores, Kelsey Ito, and Lō‘ihi Studios for their contributions.

Says YAS Fest organizer Kellie Miyazu, who is EHCC’s Youth Education Director, “Last year we had around 300 visitors to the first YAS Fest. There was a lot of nice feedback from visitors, and also from the organizations who were able to network with each other and the community. We’re expecting an even more successful festival this year.”

Visitors are also encouraged to stop by the EHCC patio across the street to learn more about EHCC’s vision for the year and how community support helps keep EHCC’s unique gallery and keiki programs accessible to all.

For more information, visit EHCC online at ehcc.org, call 961-5711, or visit EHCC at 141 Kalakaua Street. Current gallery and office hours are from 10 a.m. to 4 p.m. Wednesday and Thursday, and Friday noon to 6 p.m.





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Boy dies after being struck by vehicle in Hawaii Kai | Honolulu Star-Advertiser

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Boy dies after being struck by vehicle in Hawaii Kai | Honolulu Star-Advertiser


A boy was killed after being struck by a vehicle today in Hawaii Kai, police said.

At about 11:02 a.m., a 37-year-old woman “was attempting to travel northbound” on Kukuau Place when the vehicle hit a boy who was in the road in front of the vehicle, according to a Honolulu Police Department’s Traffic Division news release. The child was taken to a hospital in critical conition where he was pronounced dead.

The driver remained at the scene and was uninjured, police said.

HPD did not release the boy’s age or say whether speed, drugs or alcohol were possible factors in the collision.

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This was Oahu’s ninth fatality in 2026, compared with 15 at the same time last year.




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Pacific leaders gather in Hawaii for business summit – The Garden Island

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Pacific leaders gather in Hawaii for business summit – The Garden Island






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