The MacNaughton Group quietly acquired a boutique hotel in Waikiki, a “hidden gem” on the Gold Coast end of Kalakaua Avenue, at the end of last year for $30 million.

The sale of the Lotus Honolulu at Diamond Head hotel closed on Dec. 10. The seller was Nobuka USA Inc.

“We view it as a hidden gem in an excellent location on the Gold Coast of Waikiki,” Emily Reber Porter, chief operating officer of The MacNaughton Group, said in an email to Pacific Business News. “We look forward to preserving…



Source link