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223 Saratoga Rd - Ka La'i Waikiki Beach, LXR Hotels & Resorts 5,570 SF Retail Condo Unit in Honolulu, HI 96815
INVESTMENT HIGHLIGHTS
- Prime Waikiki Location
- Well-Located Asset in Premier Tourist Destination
- Significant Barriers to Entry
- Strong Restaurant Performance
- Rare Owner-User Opportunity
EXECUTIVE SUMMARY
Cushman & Wakefield | ChaneyBrooks is pleased to present an exceptional opportunity for an owner-user or investor to purchase a rarely available own restaurant condominium in the highly sought-after premier tourist destination of Waikiki, on the island of Oahu, Hawaii. The street level, ± 5,570 square foot condominium with ± 1,314 square foot lanai is located at the corner of Kalia Road and Beach Walk at the Ka La’i Waikiki Beach Hotel. The newly rebranded Ka La’i Waikiki Beach is a 38-story, 462-room hotel and condos near Fort DeRussy Park marks the Hilton luxury brand’s first Oahu property. (The hotel itself is owned by Irongate and managed by LXR Hotels & Resorts.) Starting in 2025, the property, is undergoing extensive renovations to reflect the new high-end aesthetics and will be the first time the property will be renovated since it originally opened in 2009. 223 Saratoga Road is a prime corner location, formerly occupied by BLT Steak, a short distance from 35,000 hotel rooms, Kalakaua Avenue
PROPERTY FACTS
| Total Building Size | 140,156 SF | Typical Floor Size | 37,531 SF |
| Property Type | Hospitality (Condo) | Year Built | 2009 |
| Property Subtype | Hotel | Lot Size | 1.13 AC |
| Building Class | A | Parking Ratio | 0.28/1,000 SF |
| Floors | 38 | ||
| Zoning | u/x6/20 | ||
| Total Building Size | 140,156 SF |
| Property Type | Hospitality (Condo) |
| Property Subtype | Hotel |
| Building Class | A |
| Floors | 38 |
| Typical Floor Size | 37,531 SF |
| Year Built | 2009 |
| Lot Size | 1.13 AC |
| Parking Ratio | 0.28/1,000 SF |
| Zoning | u/x6/20 |
AMENITIES
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- Spa
- On-Site Retail
- High Speed Internet Access
- Patio
- On-Site Bar
- Destination Resort
- Boutique/Lifestyle Hotel
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 100 | $3,001 CAD | - |
| Guest Room | 362 | $878.45 CAD | - |
1 UNIT AVAILABLE
Unit CU1
| Unit Size | 5,570 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail |
| Unit Size | 5,570 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
DESCRIPTION
Restaurant Condo
SALE NOTES
Exceptional Opportunity for an Owner-User or Investor
Presented by
223 Saratoga Rd - Ka La'i Waikiki Beach, LXR Hotels & Resorts
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