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    82-6151 Mamalahoa Hwy Captain Cook, HI 96704

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    Historic 64-room boutique hotel with value-add potential in Captain Cook.

    Type:Hospitality
    Added:
    May 29, 2024
    Days on Market:
    700
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 82-6151 Mamalahoa Hwy

    General Information

    Standard status
    Active
    Property subtype
    Hospitality

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    Listing Contact
    Ian Clagstone

    Listing agent Ian Clagstone License #HI RB-22806

    Listing office Standard Commercial

    Listing date May 29, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Standard Commercial


    Overview

    Historic Boutique Hotel Opportunity

    The Manago Hotel, located in Captain Cook, Hawaii, presents a unique opportunity. This fee simple, historic 64-room unbranded boutique hotel features a 2023 James Beard Award-winning restaurant, commercial spaces, and residential rentals. The Manago Hotel offers a glimpse into “old Hawaii,” a charm treasured by locals and visitors alike. Established, owned, and operated continuously by the Manago family, the property has preserved its unique historical allure. The Manago Hotel Restaurant is Hawaii’s oldest restaurant, dating back to 1917. The Manago Hotel is currently operating only the restaurant, commercial and residential spaces, with the hotel rooms not in operation, allowing a new owner to immediately implement a value-add strategy without needing to unwind existing operations. The vacant hotel rooms and below-market commercial rents offer immediate upside potential, while undeveloped land provides space for desirable new amenities such as a swimming pool and grand lawn. The hotel includes additional rooms currently not included in the room count that could be converted into additional hotel rooms or medium or long-term rentals. 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”.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Map

    City
    Captain Cook
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.904069
    Latitude
    19.4851

    FAQs

    What type of property is this?
    Hotel - Historic 64-room boutique hotel with value-add potential in Captain Cook.
    Where is this hotel located?
    The property is located at 82-6151 Mamalahoa Hwy Captain Cook, HI.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: James Beard Award‑winning restaurant (2023) on‑site.; Value‑add opportunity with vacant hotel rooms.; Historic 64‑room boutique hotel, offering a unique glimpse into 'old Hawaii'.
    More about this property
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