Salem Partners, a US-based investment bank and wealth management firm, has entered into a partnership with luxury hotel group Mandarin Oriental for opening a hotel as well as branded residences, which are presently under development in Honolulu on the Hawaiian island of Oahu.

Set to open in early 2020, the Mana’olana Place development will launch Mandarin Oriental’s luxury hospitality in this tourism and business destination.

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Mandarin Oriental, Honolulu will come up at the Mana’olana Place, a 36-story mixed-use tower with extensive gardens and public plazas.

Mandarin Oriental group chief executive James Riley said: “We are delighted with this opportunity to open a luxury hotel in Hawaii’s key tourism and commercial district, and look forward to bringing Mandarin Oriental’s legendary hospitality to the region.

“This new development will be a welcome addition to the brand’s expansion in the Americas.”

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The Mandarin Oriental, Honolulu will be a 36-story mixed-use tower structure and would feature gardens as well as public plazas.

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The hotel site is located in the heart of the Ala Moana District. It is situated close to the Hawaii Convention Center and the Ala Moana Center, an open air shopping destination.

Honolulu Mayor Kirk Caldwell said: “This is extremely positive news for Honolulu. We welcome Mandarin Oriental with its internationally renowned hospitality. It is immensely rewarding to see our ongoing support of transit and Smart Growth planning beginning to bear great fruit.

“In addition, the Mandarin Oriental in Oahu helps to keep Honolulu competitive in the international tourism market, particularly with visitors from Asia and the Pacific.”

The 743,000ft2 hotel and residence tower includes 125 contemporary guestrooms and suites, which have been designed to reflect the local culture as well as Mandarin Oriental Hotel Group’s oriental heritage.

Situated on the tower’s upper floors, 107 Residences at Mandarin Oriental will offer luxurious private homes.