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Hawaii Island Retreat 54-250 Lokahi Rd

16 Room Hotel Kapaau, HI 96755 £15,626,835 (£976,677/Room)

Investment Highlights

  • Oceanfront Location: The retreat is situated on dramatic oceanfront cliffs in North Kohala, providing direct shoreline access and stunning ocean views
  • Sustainable and Eco-Friendly Design: The Retreat sits lightly on the land, with an off-grid solar-powered electrical system, along with organic garden
  • Diverse Accommodations: Accommodations include individual bungalows, lodge guest rooms, and yurts, catering to different guest preferences
  • Established Clientele and Reputation: The Retreat has a loyal clientele of workshop and corporate leaders who frequently book the entire resort
  • Wellness and Spa Facilities: On site wellness and spa facilities include a saltwater swimming pool, whirlpool, exercise/yoga hale, and outdoor spa
  • Exclusive and Private Setting: The Retreat can host exclusive group bookings, providing privacy and an intimate setting for family events & workshops

Executive Summary

Oceanfront Boutique Eco-Lodge for Sale: This offering includes both the real property and business assets, including future bookings. The property features 16 rooms on 14.5 acres of land.
• Expansion Potential: Special permit amendments approved in 2024 allow for the expansion of the facility to 36 rooms, offering opportunities for growth and increased revenue.
• Rich Cultural and Historical Significance: Located in Kohala, the birthplace of Kamehameha I, the retreat offers a unique cultural and historical context. Local cultural practitioners are available to provide guests with a place-based experience.
• Hawai?i Shifting to a Regenerative Tourism Model: The Retreat is perfectly positioned with respect to new legislation promoting a regenerative tourism model that benefits the environment, local economy, and culture.

Property Facts

Price £15,626,835
Price Per Room £976,677
Sale Type Investment
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 14.50 AC
Building Size 30,754 SF
No. Rooms 16
Number of Floors 2
Year Built 2010
Corridor Exterior

Amenities

  • Balcony
  • Pool
  • Spa
  • High Speed Internet Access
  • Patio
  • Destination Resort
  • Boutique/Lifestyle Hotel
  • Meeting Event Space
  • Wedding Venue
  • Public Access Wi-Fi
  • Smoke-Free

About 54-250 Lokahi Rd , Kapaau, HI 96755

Hawaii Island Retreat is a boutique eco-lodge set on dramatic oceanfront cliffs in North Kohala on Hawaii Island. Designed to honor and work with the land, this property has been on the leading edge of sustainable, culturally sensitive, wellness-oriented hospitality since its opening in 2008. Special permits allow for five acres of the 14.5 acre parcel to be used for the hotel and spa facilities, with the remainder of the land in orchards, gardens, and tropical and indigenous landscaping. Guests are welcome to enjoy the entire property, and a shoreline access trail allows guests to hike in both directions. Over the years the Retreat has acquired a devoted clientele of workshop and corporate leaders who book the entire resort for their groups. In between group bookings, rooms are available to individual travelers. Guest value the privacy, natural setting, and location in the historic Kohala area, birthplace of Kamehameha I. A variety of room types include individual bungalows, lodge guest rooms with luxurious baths and private balconies, and yurts nestled into the tropical foliage. FEATURES: --14.5 oceanfront acres with coastline and Maui views --16 guest rooms include 8 in the main lodge, 3 freestanding hale, 5 yurts --Amendment to the permits was approved in 2024 to allow expansion to 36 rooms --Commercial kitchen, dining room, yoga/dance studio, library/media room and reception/office in main lodge --Spa complex includes swimming pool and whirlpool, exercise/yoga hale, meeting room, locker rooms and outdoor spa treatment platforms --County water, off-grid electrical system (solar with back up generator) A family-run business since its inception, Hawaii Island Retreat is looking for its next steward to continue to the tradition of hospitality. As one recent guest review says "This place has no equal." The offering is for both the real property and the assets of the business including future bookings.

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 16 £283.55 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3-5-4-009-014-0000
Land Assessment
£237,732
Improvements Assessment
£2,776,798
Total Assessment
£3,014,530

zoning

Zoning Code A-20A (Agricultural District (minimum building site of 20 acres))
A-20A (Agricultural District (minimum building site of 20 acres))
  • Listing ID: 32796518

  • Date on Market: 14/08/2024

  • Last Updated:

  • Address: 54-250 Lokahi Rd, Kapaau, HI 96755

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