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Hotel Coral Reef 4-1516 Kuhio Hwy 27 Room Hotel Kapaa, HI 96746 $23,019,024 CAD ($852,556 CAD/Room) 5.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Stabilized Cash Flow: In-place annual NOI of $890,743.20, providing immediate and reliable income.
- Prime Kauai Location: Situated in one of Hawaii’s most supply-constrained hospitality markets with consistently strong tourism demand.
- Favorable Price Per Key: Approximately $622,222 per room, competitive for coastal Hawaii hotel assets.
- Attractive Cap Rate: Offered at a 5.3% capitalization rate, compelling for a boutique hotel in a premier Hawaiian resort market.
- Boutique Asset Appeal: 27-room property offers operational flexibility, personalized guest experience, and strong pricing power.
- Upside Potential: Opportunity to enhance revenue through rate optimization, brand repositioning, light renovations, and improved marketing strategies.
EXECUTIVE SUMMARY
Hotel Coral Reef presents a rare opportunity to acquire a boutique hospitality asset in one of Hawaii’s most desirable and supply-constrained resort markets. This 27-room hotel is being offered for sale at $16,800,000, generating a strong and stable Net Operating Income (NOI) of $890,743.20, reflecting an attractive 5.3% capitalization rate.
Located on the island of Kauai, a market known for its limited hotel inventory, high barriers to entry, and consistent demand driven by leisure and luxury tourism, Hotel Coral Reef is well positioned to benefit from long-term appreciation and continued operational performance. Boutique properties of this size are increasingly sought after by investors due to their operational flexibility, unique guest experience, and ability to command premium nightly rates.
The property offers investors immediate, in-place cash flow with upside potential through strategic revenue management, targeted renovations, brand repositioning, or operational efficiencies. The current income profile supports both yield-focused and value-add investment strategies, making the asset suitable for private investors, family offices, and hospitality-focused funds seeking exposure to Hawaii’s resilient lodging market.
Located on the island of Kauai, a market known for its limited hotel inventory, high barriers to entry, and consistent demand driven by leisure and luxury tourism, Hotel Coral Reef is well positioned to benefit from long-term appreciation and continued operational performance. Boutique properties of this size are increasingly sought after by investors due to their operational flexibility, unique guest experience, and ability to command premium nightly rates.
The property offers investors immediate, in-place cash flow with upside potential through strategic revenue management, targeted renovations, brand repositioning, or operational efficiencies. The current income profile supports both yield-focused and value-add investment strategies, making the asset suitable for private investors, family offices, and hospitality-focused funds seeking exposure to Hawaii’s resilient lodging market.
SALE FLYER
PROPERTY FACTS
| Price | $23,019,024 CAD | Lot Size | 1.09 AC |
| Price Per Room | $852,556 CAD | Building Size | 35,376 SF |
| Sale Type | Investment | No. Rooms | 27 |
| Cap Rate | 5.30% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1953/2019 |
| Property Subtype | Hotel | Parking Ratio | 0.93/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | CG | ||
| Price | $23,019,024 CAD |
| Price Per Room | $852,556 CAD |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 35,376 SF |
| No. Rooms | 27 |
| No. Stories | 3 |
| Year Built/Renovated | 1953/2019 |
| Parking Ratio | 0.93/1,000 SF |
| Corridor | Exterior |
| Zoning | CG |
AMENITIES
- Balcony
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 5 | $471.34 CAD | - |
| Guest Room | 22 | $389.13 CAD | - |
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NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Kountry Kitchen Restaurant | American | $$$ | In Building |
| Pacos Tacos House | Mexican | $ | 2 min walk |
| Sukhothai Cafe | Vietnamese | - | 2 min walk |
| Wahine Weenies - A Kapa'a Beach Sandwich Shack | American | - | 2 min walk |
| Honu Shave Ice | - | - | 2 min walk |
| Java Kai | Coffee | $ | 4 min walk |
| Coconut Coasters | Deli | $$ | 4 min walk |
| Chicken In A Barrel Bbq-kapaa | - | - | 4 min walk |
| Small Town Coffee | - | $ | 6 min walk |
| Olympic Cafe Restaurant & Bar | Cafe | $$ | 7 min walk |
RETAIL |
||
|---|---|---|
| Birkenstock | Shoes | 3 min walk |
| Bank of Hawaii | Finance Company | 5 min walk |
| First Hawaiian Bank | Bank | 6 min walk |
| Big Save | Supermarket | 9 min walk |
| United States Postal Service | Business/Copy/Postal Services | 11 min walk |
| CrossFit | Fitness | 15 min walk |
PROPERTY TAXES
| Parcel Number | 4-4-5-012-006-0000 | Improvements Assessment | $1,095,632 CAD |
| Land Assessment | $619,084 CAD | Total Assessment | $1,714,716 CAD |
PROPERTY TAXES
Parcel Number
4-4-5-012-006-0000
Land Assessment
$619,084 CAD
Improvements Assessment
$1,095,632 CAD
Total Assessment
$1,714,716 CAD
SALE ADVISOR
SALE ADVISOR
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Hotel Coral Reef | 4-1516 Kuhio Hwy
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