The hotel boom in Oahu
In the Star Advertiser’s article by Allison Schaffers she writes about the boom of hotels in Oahu. In the Novemebr 6th, 2022 article it says,
Hawaii’s largest hotel market is about to get even bigger. There’s a wave of new hotel development on Oahu, where more than a dozen properties are in the planning or the construction pipeline with delivery goals between 2023 and 2027, according to data from Powell & Aucello, Hawaii Hotel Real Estate Advisors, founded in 2020 by former hotel executives Tim Powell and Kevin Aucello.
Over the past two decades, Oahu lost more than 13% of its hotel inventory, but the island now is making up for lost ground. Powell and Aucello said the hotel construction pipeline is the largest on Oahu that they can recall since landuse policies tightened the barriers for hoteliers, especially in Waikiki, where the majority of the island’s hotels are located.
“It hasn’t been this way since the late ’70s,”Aucello said.