Kahala Hotel Investors LLC, an affiliate of Hawai'i-based real estate acquisition firm Trinity Investments LLC, announced plans in September to buy the hotel from Kahala Royal Corp., a company owned by Japanese businessman Katsumi Iida.

The purchase was recently completed for an undisclosed price.

The new owner is discussing management terms with the hotel's current operator, Mandarin Oriental, which has run O'ahu's only AAA 5-Diamond rated hotel since 1996.

Hawaii Self Storage to break ground on Kaimuki facility

Hawaii Self Storage will break ground tomorrow on a four-story, 171,000-square-foot storage facility at the corner of Waialae Avenue and Kapi'olani Boulevard.

The facility is expected to open in fall 2006 and will house approximately 1,550 climate-controlled units ranging from 16 to 300 square feet.  The facility will also feature the latest in high-tech security systems, including individual locker alarms, 24-hour access, covered drive-in parking and unloading, and 24-hour security provided by more than 80 surveillance cameras with 24-hour on-site staffing.

It is the third self-storage facility built by local development company MW Group Ltd.  The company operates Hawaii Self Storage-Salt Lake, an 184,300-square-foot facility in Mapunapuna, and Hawaii Self Storage-Pearl City, a 115,000-square-foot facility that opened this summer.  MW Group plans to open a total of eight self-storage facilities on O'ahu within the next few years, including a Kapolei location.