HONOLULU—CoastWood Capital Group, Chartres Lodging Group and KKR revealed plans to open Hyatt Centric Waikīkī Beach in the former Waikīkī Trade Center.
The new hotel is slated to open this winter and will offer modern accommodations, including 230 upscale, oversized rooms and suites with state-of-the-art amenities, spa-like bathrooms and signature services.
“We’re pleased to bring this exciting Hyatt Centric hotel to the State of Hawai’i,” said Cordell Lietz, president, CoastWood Capital Group. “We’re confident that the new Hyatt Centric Waikīkī Beach, coupled with its central location near the reimagined International Market Place, will contribute greatly to the revitalization taking place along Kūhiō Avenue and, in turn, support the health of Hawai’i’s tourism industry.”
Hyatt Centric Waikīkī Beach will be the first Hyatt Centric hotel in Hawai’i and will feature floor-to-ceiling windows offering views of Waikīkī, as well as on-site amenities such as an outdoor pool and entertainment deck, upscale bar and restaurant and 24/7 fitness facility. Upgrades are also being made to the four-story, 400-stall parking garage and to the public space surrounding the property.
The addition of a 34,000-sq.-ft., two-level Nordstrom Rack to the redeveloped Waikīkī Trade Center was unveiled last year and will open in the fall. Several other retailers will also open at the street level in newly renovated spaces, including Starbucks, Jamba Juice and American Savings Bank.
“Hyatt Centric Waikīkī Beach and surrounding retail will bring new life to the heart of Waikīkī along Kūhiō and Seaside Avenues,” said Maki Bara, president and co-founder of Chartres Lodging Group. “We’re pleased to provide a compelling lodging option easily allowing both guests and locals to experience all that Waikīkī has to offer.”
“We are thrilled to work with CoastWood Capital Group, Chartres Lodging Group and KKR to bring the Hyatt Centric hotel to Waikīkī,” said Steve Haggerty, global head of Capital Strategy, franchising and select service, Hyatt Hotels Corporation. “One of the brand’s missions is to put our guests at the center of the action in the best destinations in the world, and we feel we have found the perfect fit with this new location in Hawai’i.”
The Hyatt Centric brand was introduced in 2015 as a new, full-service lifestyle brand within the Hyatt family. Hyatt Centric hotels were created for the Millennial-minded traveler who wants to be in the heart of the destination and allows for easy exploration and discovery, according to the company.