82-6151 Mamalahoa Highway Captain Cook, HI 96704

Building Details

Year Built

1917

Listing Agency STANDARD MANAGEMENT LLC m***@standardcommercial.com Show Phone

Listed by MICHAEL M OKAMOTO

Source Corcoran

Added: Jan 28 Checked: Jul 17 at 3:50 am

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Investment Insights

Based on property information with market context.

The Manago Hotel, a 64-room unbranded historic hotel, is available for purchase. This fee simple property includes additional commercial space, a home, long-term residential rentals, and Hawaii's oldest restaurant. The Manago Hotel Restaurant, dating back to 1917, was the winner of a 2023 James Beard Award. The hotel offers a glimpse into "Old Hawaii". This property has been established, owned, and operated continuously by the Manago family for over 100 years. The property is an incredible value-add investment with tremendous upside potential. The current below-market room and commercial rents offer immediate upside, while undeveloped land provides space for desirable new amenities such as a swimming pool or grand lawn. The addition of enhanced food and beverage services and the transformation of an existing bar into a 1920s-themed speakeasy, as well as a modern reservation system, could further increase value. Moreover, the hotel includes additional rooms currently not in use that could be converted into long-term rentals. The offering includes two parcels.

Key Highlights

• Historic 64‑room hotel featuring Hawaii's oldest restaurant, a 2023 James Beard Award winner.
• Significant value‑add investment opportunity with below‑market rents and undeveloped land for expansion.
• Established, family‑owned and operated for over 100 years.

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FAQs

What type of property is this?

Hotel - 64-room historic hotel with restaurant and commercial space.

Where is this hotel located?

The property is located at 82-6151 Mamalahoa Highway Captain Cook, HI.

What is the asking price?

The asking price for this property is $4,750,000.

What are key features of this property?

This property features: Historic 64‑room hotel featuring Hawaii's oldest restaurant, a 2023 James Beard Award winner.; Significant value‑add investment opportunity with below‑market rents and undeveloped land for expansion.; Established, family‑owned and operated for over 100 years.