/

|

Dive Brief:
Honolulu-based Alaka’i Development secured $135 million in construction financing to bring a dual-branded Hyatt Place and Hyatt House hotel to the Hawaiian island of Oahu, according to the Honolulu Star-Advertiser. 

The five-story, 204-room property will be the first hotel on Oahu’s Ewa Beach, according to the Honolulu Star-Advertiser’s report, which Alaka’i Development confirmed to Hotel Dive.

Though the Oahu hotel market is seeing performance growth, its options are “currently limited” for extended stay and interisland travelers, Alaka’i Development Principal Jon Wallenstrom shared with Hotel Dive, noting that the dual-branded Hyatt property aims to address this lack.