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Kamehameha Schools Wants to Sell Waikiki Shopping Center

Kamehameha Schools Wants to Sell Waikiki Shopping Center

Kamehameha Schools announced it is selling Waikiki's largest shopping Center the Royal Hawaiian Center.  The trust said it will seek a buyer for the buildings, but not the land underneath.  There was no estimate of the sale price.  The proceeds will be reinvested into its 9-billion-dollar endowment. School officials said the decision was largely driven by a desire to reduce risk in its portfolio of assets and help ensure perpetual funding of its core mission to educate Native Hawaiian children.

 

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