Real estate and private equity firm JL Capital has selected hospitality investment and management firm Highgate to manage the new Renaissance Honolulu Hotel at Sky Ala Moana in Hawaii.
At present, the 39-storey hotel tower is under construction on Kapiolani Boulevard near Ala Moana Center in central Honolulu.
It will have 187 new rooms and suites and will be topped by Marriott’s Renaissance Residences.
The hotel and condominium development will also feature an eighth floor Sky Terrace with two swimming pools, a restaurant, bar, and Himalayan salt saunas.
A fully equipped fitness centre, spa, Himalayan salt saunas, as well as men’s and women’s indoor and outdoor soaking baths will also be included in the condotel.
JL Capital CEO Tim Lee said: “We are thrilled to partner with Highgate as we bring this distinctive brand back to Hawaii. We have been impressed with their leadership and operational excellence in elevating their diverse portfolio, along with their commitment to our community’s focus on responsible tourism.”
The company stated that the units at the new Renaissance Honolulu Hotel will provide access to the community in the epicenter of O’ahu.
The new resort is marked as the tenth property managed by Highgate in Hawaii and its portfolio includes the Royal Lahaina Resort, Maui and Alohilani Resort.
JL Capital now owns 211,674ft2 of re-development properties in the Ala Moana Transit Oriented Development (TOD) corridor along Kapiolani Boulevard.
It plans to invest and develop another 1,000 dwelling units in the area in addition to the Sky Ala Moana development.