Development Update Halekulani

Hotel & Resorts Of Halekulani To Commence Five Year Expansion Program

Pursuing Development & Management Opportunities In Asia, North America & South America

Halekulani

Hotels and Resorts of Halekulani, the hotel development and management division of Honolulu-based Halekulani Corporation, is embarking upon an aggressive expansion program for its iconic Halekulani brand and for its new legacy brand, Halepuna.  Areas of focus include California and Hawaii.  The announcement was made today by Peter Shaindlin, Chief Operating Officer of Halekulani Corporation.

"Over the years, we have been approached by a number of developers, financial institutions, property owners and real estate investment trusts with various opportunities.  We decided, however, to focus our efforts and resources on reinvesting in our world renowned Halekulani brand and on the development of our new Halepuna brand," said Mr. Shaindlin.  "As a result of the enduring popularity and success of Halekulani Waikiki, the triumphant development and opening of Halekulani Okinawa, and the overwhelming response to Halepuna Waikiki by Halekulani which will open on October 25th, we have now decided to commit our expertise and resources to pursue acquisition, development and management opportunities that will serve to expand and grow our brands over the next five years."

Hotels and Resorts of Halekulani was formed in the late 1990's to develop and oversee Halekulani Corporation's iconic hospitality assets, Halekulani and Waikiki Parc Hotel, as well as the management of the Kapalua Bay Hotel.  Since that time, the division has overseen several multimillion-dollar renovations of Halekulani Waikiki, the renewal and subsequent transformation of the Waikiki Parc hotel into Halepuna Waikiki by Halekulani, and the development of Halekulani Okinawa.  Hotels and Resorts of Halekulani is currently evaluating and pursuing acquisition, development and management opportunities, as part of an aggressive five-year growth plan for its Halekulani and Halepuna brands in California and Hawaii.



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