Manago Hotel 82-6151 Hawaii Belt Rd

BACK ON THE MARKET!
Standard Commercial has been selected to serve as the exclusive advisor for the sale of the fee simple interest in the renowned Manago Hotel. Located just minutes from Kona in Captain Cook, Hawaii, this historic 64-room unbranded boutique hotel features a 2023 James Beard Award-winning restaurant and breathtaking ocean views.
HISTORIC SIGNIFICANCE AND UNIQUE CHARM | For the first time on the market, the Manago Hotel offers a glimpse into “old Hawaii,” a charm treasured by locals and visitors alike. This property has been established, owned, and operated continuously by the Manago family, preserving its unique historical allure. The Manago Hotel Restaurant is Hawaii’s oldest restaurant, dating back to 1917.
VALUE-ADD INVESTMENT WITH TREMENDOUS UPSIDE POTENTIAL | The Manago Hotel presents a significant investment opportunity with vast potential for revenue growth and property enhancement. The current below-market room and commercial rents offer immediate upside potential, while undeveloped land provides space for desirable new amenities such as a swimming pool and grand lawn. The addition of enhanced food and beverage services and the transformation of an existing bar into a 1920s-themed speakeasy could further increase the property’s value. Moreover, the hotel includes additional rooms currently not in use that could be converted into medium or long-term rentals.
STRATEGIC ENHANCEMENTS FOR REVENUE GROWTH | Meticulously maintained over the years, the hotel’s appeal and financial performance could be significantly boosted by updating it with rustic finishes that reflect its historic character and implementing a modern online marketing and reservation system.
This offering represents a unique investment opportunity to enhance a piece of Hawaii’s history, establishing the Manago Hotel as the premier boutique hotel epitomizing “old Hawaii”.