Salem Partners and Mandarin Oriental Plan Hotel to Anchor Mana'olana Place Under Development in Honolulu
February 7, 2017 12:36pm
LOS ANGELES-February 7, 2017-Salem Partners, a leading Los Angeles-based investment bank and wealth management firm, has partnered with luxury hotel group Mandarin Oriental with intention to open a hotel and branded residences currently under development in Honolulu on the Hawaiian island of Oahu. Targeted to open in early 2020, the Mana’olana Place development provides an unmatched opportunity to introduce Mandarin Oriental’s luxury hospitality to one of the most popular tourism and business destinations.
Mandarin Oriental, Honolulu will be the crown jewel in Mana’olana Place, a 36-story mixed-use tower with extensive gardens and public plazas. Located in the heart of the Ala Moana District, adjacent to the world-renowned Waikiki District and surrounded by the city’s most affluent neighborhoods, Mandarin Oriental, Honolulu will be close to the Hawaii Convention Center and the Ala Moana Center, the world’s largest open air shopping destination. At the intersection of Kapiolani Boulevard and Atkinson Drive, Mana’olana Place is the first approved project in the city’s exciting and newly adopted Ala Moana transit hub.
The iconic 743,000-square-foot tower will house the hotel’s 125 chic and contemporary guestrooms and suites, designed to reflect the local culture while paying attention to Mandarin Oriental Hotel Group’s oriental heritage. Located on the tower’s upper floors, 107 Residences at Mandarin Oriental will provide some of the most luxurious private homes with the finest amenities and services on the island.
The design architects of the project are the Colorado-based firm, [au]workshop who envision the design as a modern, vertical urban resort epitomizing the Hawaiian tradition of the “lanai” with its seamless indoor-outdoor sense of place. Hawaii-based Architects Hawaii Ltd. will serve as the executive architect. The stellar design team also includes Dianna Wong Architects + Interior Design and Hart Howerton Landscape Architects.
Mandarin Oriental, Honolulu is set to become one of the Island’s most sought after dining destinations featuring a signature rooftop restaurant and bar 400 feet above the city’s streets with landscaped outdoor terraces and offering stunning views of Diamond Head, Ala Moana Beach and Downtown Honolulu. There also will be a sky-lobby lounge, an all-day dining restaurant and extensive banqueting, wedding and meeting spaces with views over the outdoor terraces and gardens. A Spa at Mandarin Oriental will offer holistic rejuvenation and relaxation with eight treatment rooms, a comprehensive fitness center and an 80-foot outdoor swimming pool.
“We are proud to bring the award-winning Mandarin Oriental brand to Honolulu,” said James Ratkovich of Salem Partners. “Mandarin Oriental, Honolulu will set a new standard for luxury service in the islands and will offer a preferred choice to travellers and potential homeowners who desire the finest accommodations,” he added.
“We are delighted with this opportunity to open a luxury hotel in Hawaii’s key tourism and commercial district, and look forward to bringing Mandarin Oriental’s legendary hospitality to the region,” said James Riley, Group Chief Executive of Mandarin Oriental. “This new development will be a welcome addition to the brand’s expansion in the Americas,” he added.
“This is extremely positive news for Honolulu,” said Mayor Kirk Caldwell. “We welcome Mandarin Oriental with its internationally renowned hospitality. It is immensely rewarding to see our ongoing support of transit and Smart Growth planning beginning to bear great fruit. In addition, the Mandarin Oriental in Oahu helps to keep Honolulu competitive in the international tourism market, particularly with visitors from Asia and the Pacific.”
Honolulu is Hawaii’s political and economic center, and is home to iconic destinations such as Waikiki Beach, Pearl Harbour and Diamond Head. As the state’s capital, Honolulu is the most cosmopolitan city in Hawaii and serves as the primary entry point to the islands’ dynamic tourism industry and as a major gateway to the United States and Asia-Pacific.
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Founded in 1997, Salem Partners comprises three platforms: investment banking, real estate development, and wealth management. Salem’s investment bankers have completed billions of dollars of transactions in the media and entertainment, healthcare and life sciences, aerospace and defense, and real estate industries. The wealth management division provides customized investment and family office services to clients who prize topflight expertise combined with in-depth relationships. Real estate development is headed by industry veterans experienced in all segments of the built environment.
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Mandarin Oriental Hotel Group is the award-winning owner and operator of some of the world’s most luxurious hotels, resorts and residences. Having grown from its Asian roots into a global brand, the Group now operates 29 hotels and eight residences in 19 countries and territories, with each property reflecting the Group’s oriental heritage and unique sense of place. Mandarin Oriental has a strong pipeline of hotels and residences under development, with the next hotel opening planned in Doha.
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