Building Details

Year Built 1917

Listing Agency: STANDARD MANAGEMENT LLC Show Phone

Listed By: MICHAEL M OKAMOTO · License #RB-22000

Source: Corcoran

Added: Jan 28 Changed: Aug 8 Last Checked: Jul 23 at 7:20AM

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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.

Property Analytics

Property Profile

Current Use

Live Life Well ... Medical Clinic Dr. Dexter's Phyto ... (Bike/Boat/Book/etc) Store

Location Intelligence

Demographics for 96704, HI

6,818

Population

3,367

Households

2

Avg Household Size

49

Median Age

34%

College-Educated

89%

High-School Grad

246.4 sq mi

ZIP Area

28

Density / Sq Mi

$95,492

Median Household Income

$38,434

Median Earnings

$1,705

Median Rent

$586,200

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this hotels located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

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.