Montgomery Street Partners Acquires Hotel From 2424 Kalakaua LLC In Honolulu For $215M

The property asset involved in this transaction is a hotel located at 2424 Kalakaua Avenue in Honolulu, HI. The asset was sold for $215,000,000, involving the transfer of six parcels of land that are part of the Hyatt Regency Waikiki Beach Resort.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $215,000,000
• Buyer: Montgomery Street Partners
• Seller: 2424 Kalakaua LLC
• Sale Date: 08/21/2025
• Market: Honolulu, HI

This deal marks the conclusion of a family-owned property that had been in the hands of the seller for over a century, indicating a significant shift in ownership within the market.