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.
Hawaii
Hawaiian trust sells land under famed Waikiki hotel
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.
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.
“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
Life and legacy of Colleen Hanabusa honored at Hawaii State Capitol
HONOLULU (HawaiiNewsNow) – A public memorial on Thursday honored the life and service of longtime Hawaii politician and attorney Colleen Hanabusa.
Hanabusa died March 6. She was 74.
Hanabusa served in Congress representing Hawaii’s 1st District from 2011 to 2015. She returned to Congress in 2016 after the death of U.S. Rep. Mark Takai.
On Thursday morning, the Hawaii State Senate recognized Hanabusa’s decade-long career at the state Capitol. She served as a state senator from 1999 to 2010, representing the Waianae district, and became Hawaii’s first female Senate president in 2007.
The Rev. Jeffrey Soga of the Waianae Hongwanji Mission opened the ceremony with a chant.
Lawmakers then shared memories of Hanabusa.
“The entire point of life is to take chances on dreams that seem crazy to most, but feel like destiny to you, and I think that embodies the Colleen Hanabusa that I knew… unwilling to compromise and give up because she knew what she was doing was right for the people of Hawaii,” said Senate President Ron Kouchi.
Beyond her political career, Hanabusa served as chair of the Honolulu Authority for Rapid Transportation board of directors. She stepped down for health reasons last September.
She is survived by her husband, John Souza.
Copyright 2026 Hawaii News Now. All rights reserved.
Hawaii
State to remove passing zone on Daniel K. Inouye Hwy. after deadly crash
HONOLULU (HawaiiNewsNow) – The Hawaii Department of Transportation (HDOT) said crews will restripe an area of Daniel K. Inouye Highway after a deadly crash on Tuesday.
HDOT Director Ed Sniffen said crews will remove the passing zone at mile marker 26.
The announcement comes after two cars crashed at around 11 a.m. Tuesday. Hawaii Island police said Todd Matsushita, 70, tried to overtake a vehicle and slammed head-on into an SUV.
Both Matsushita and the SUV’s driver, a 34-year-old man from Virginia, died.
The two-lane highway, also known as Saddle Road, has a 60-mile-per-hour speed limit.
“It’s very clear that along this route, people are driving way too fast for the passing zones,” Sniffen said. “So we’re reconsidering whether or not we should have passing zones in about 10 of those 15 to 20 that we have out there. We may be eliminating a lot more of them.”
HDOT said they also plan to add rumble strips and vertical delineator posts every five miles and in high-risk areas.
Copyright 2026 Hawaii News Now. All rights reserved.
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