Chartres Acquires Ocean Resort Waikiki

WAIKIKI, HI–Chartres Lodging Group, LLC has completed its acquisition of the Ocean Resort Waikiki here in a joint venture with a fund managed by Morgan Stanley Real Estate Investing.

Chartres plans to renovate, rebrand and reposition the 451-room hotel over the next 18 months. Kokua Hospitality will assume management of the property. The renovation will include its public spaces, pool deck and guestrooms.