Honolulu Prince Hotel Sold
HONOLULU, HI -- Kohei Hakamada, International Real Estate Advisor with NAI ChaneyBrooks’ Honolulu office represented the seller, Prince Co., Ltd, based in Japan, who originally bought the Honolulu Prince Hotel on December 30, 1997 for approximately $8.6 Million. The East Coast based buyer, CR Nahua LLC, purchased the leasehold hotel for $7,750,000.00.

It was a particularly complicated transaction because there were unresolved issues that date back to the day when the property was acquired including multiple layers of subleases, perpetual tenant leases and encroachment issues. Through careful and diligent work by Kohei Hakamada and his team of legal advisors and planners, NAI ChaneyBrooks prevailed in keeping the transaction intact until all issues were resolved one by one to the satisfaction of the East Coast based Buyer.

 
Kohei Hakamada (S)
International Client Services Advisor for
NAI ChaneyBrooks Represented the seller
of the Honolulu Prince Hotel.

“This is another clear example of the professionalism and “closer” mentality exemplified by the talented and seasoned real estate advisors at NAI ChaneyBrooks,“ stated Steve Sombrero, President and owner of NAI ChaneyBrooks.

The 10 story Honolulu Prince Hotel consists of 134 rooms 21,397 square feet of leasehold land. The hotel is located at 415 Nahua St. amidst the multi-million dollar renovation projects in Waikiki. Queen Emma Foundation owns the fee to the land.

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