WAIKIKI, HI-Rockbridge Capital, an Ohio-based private equity firm, has reportedly contracted to buy the Aqua Wave Waikiki hotel.
The acquisition, from seller Ramsfield Hospitality Finance, New York, is expected to close soon, according to a report in Pacific Business News.
Ramsfield Hospitality Finance president Richard Mandel told the media outlet that the property was very well-received by the market, and had a lot of interest from buyers all over the world. The hotel was listed by the Los Angeles office of Jones Lang LaSalle.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
