Outrigger Reef on the Beach in Waikiki is getting a $100 million makeover, Outrigger Enterprises Group announced Wednesday.
The renovation will demolish an existing five-story structure located on the beach and replacing it with 34,000 square feet of open recreation space featuring enhanced swimming pools, landscaped lounging areas and open-air dining facilities.
Plans also include a new tower, set back from the shoreline along Kalia Rd., adding more than 200 full-service hotel rooms to the property, plus 15,000 square feet of new meeting facilities.
“Outrigger is committed to its Hawaii roots and recognizes the importance of creating more full-service hotel rooms in Waikiki to support our state’s number one industry – tourism,” said David Carey, president and CEO of Outrigger Enterprises Group. “Our company’s expansion into Asia-Pacific and beyond has heightened our awareness of the steep competition that Hawaii faces from leisure destinations across the globe. The quality of our hotel product, destination and service standards must continue to improve in order to keep pace with the evolving expectations of our guests.”
The revitalization is the capstone to the Outrigger-led transformation of Waikiki Beach Walk, stretching from Kalakaua Ave. to Waikiki Beach. Authentic incorporation of Hawaiian culture, music and history will remain prominent throughout the property and guest experience.
The project is expected to create 400 new construction-related jobs, 100 new hotel operations jobs, $235 million in new spending and $700,000 in additional real property taxes for the City and County of Honolulu.
Entitlements and permits are expected to be completed in approximately three years, with construction beginning in 2017 and completion slated for 2019.