HONOLULU, HI—Inland American Lodging Group, Inc., through a subsidiary, has acquired the 645-room Aston Waikiki Beach Hotel here, for a purchase price of approximately $183 million.
"We are thrilled to add the Aston Waikiki Beach Hotel to our portfolio,” said Marcel Verbaas, president and CEO of Inland American Lodging Advisor, Inc. “Waikiki comprises the most vibrant lodging market not only on Oahu, but throughout all of the Hawaiian Islands, and Oahu continues to be one of the top performing hotel markets in the nation.”
Inland American Group, Orlando, FL, is a wholly-owned subsidiary of Inland American Real Estate Trust, Inc.
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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.
