Global Region: North_America
Hotel Brand
Country: United States of America
City: Kihei, Maui
State / Province: Hawaii
Postcode: 96753
Price: $18,500,000
Rooms: 87
Address: 2980 S. Kihei Rd.
Floors: 2
Year Built: 1973, rebuilt 2000, rehab 2007
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Square Feet: 28,000
Lot Size: 2 acres
Status: Active
Listing Website: http://www.mauioceanfrontinn.com
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Full Description: Welcome to the Maui Oceanfront Days Inn. The hotel is on a quiet bay with extensive views of the other islands of Maui County. The community of Wailea is a world-class community with shops and championship golfing and is located within 1 block of the hotel. The beachfront location on Keawakapu Beach has been voted Best Beach in America by Con Nast magazine more than 10 times. The property timeshare work has been 90% completed with both State and County authorities. The property is located on 2 long term land leases with the Department of Land & Natural Resources which are being revised to longer terms for maximum financing ability. The restaurant is on a Triple NNN lease (operating agreement) which pays base rent, common area fees, & percentage rent up to a maximum of 9% of the gross income. The property was built in 1973 and was completely rebuilt in 2000-01. The facility is a member of the Wyndham hotel family with over 7,000 hotels and enjoys both national and international sales exposure. The property is located on the beach with crystal clear water (temp is 74°) year round with only 1-4 foot waves. The property has been awarded the coveted RCI Gold Crown timeshare designation pending the decision to go forward with timeshare sales program. This property is a must see and has been meticulously maintained since the renovation in 2000. In addition, there was over $700,000 spent on in-room soft goods & other high end upgrades in 2007.
Property Amenities: All rooms come with standard amenities with a new queen size Tempurpedic bed. This is the only 100% TempurPedic hotel in Hawaii. All rooms offer in room coffee, premium cable TV with HBO, microwave, and wireless internet access throughout the hotel. There is a timeshare fully furnished model on site along with plans & extensive marketing analysis. The property’s parking lots will accommodate 143 parking spaces. The restaurant is 6,400 sq ft & has seating for over 150 & boasts the 2nd largest wine cellar in the State of Hawaii. The restaurant has been awarded the 2004-07 Mobile 4-Four Diamond and AAA 5-Star award and the 2005-06 Hale Aina Restaurant of Distinction award, and was rebuilt at the cost of $2.5 million in 2000. The property is composed of 7 buildings of over 28,000 square feet on 2+ acres. Other amenities are 27” televisions, microwaves & mini-refrigerators, coffee makers, hair dryers and high-speed internet in all rooms. Other hotel amenities are GE air conditioning, solar hot water system, on-site laundry room, vending machines, in-room safes, & guest safety deposit boxes. There is also a business desk and computer center for guests in the lobby.
Property Location: The property is zoned for Hotel and/or Timeshare. The hotel guests can enjoy snorkeling & scuba diving directly from the beachfront located within 50 yards of the hotel property. The Four 4-Diamond restaurant (Sarento’s on the Beach) is located onsite. In addition, to the on-site restaurant (dinner only) there is a 3 star restaurant for breakfast lunch & dinner as well as a complete sundry/deli store for all vacation needs adjacent to the hotel. Some of the nearby local attractions are Maui Ocean Center Park 6 miles, Boat tours to Molokini & Turtle-Town 3 miles, Iao Valley rain forest 14 miles, Haleakala Crater 48 miles, Kahului Airport & helicopter tours 12 miles, and the Whaling Village & Museums of Lahaina 28 miles.
Other: The property is the only Wyndham/Days Inn hotel in the entire state of Hawaii. The Days Inn franchise agreement is fully assumable and is completely terminable within the 1st year for a nominal fee.
“THIS PROPERTY OFFERS A TREMENDOUS UPSIDE AND CASH FLOW FOR THE FUTURE”.
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Features - Air Conditioning
- Cable/Satellite TV
- Licenced Bar
- Microwave
- Patio
- Restaurant
- Waterfront
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Community Features - Bike Paths
- Boating
- Fitness Center
- Golf Course
- Public Transportation
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