Kalpana Kalpana (Editor)

Sheraton Waikiki Hotel

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Opening
  
1971

Number of rooms
  
1636

Floor count
  
32

Sheraton Waikiki Hotel

Location
  
Waikiki, Honolulu, Hawai'i

Owner
  
Kyo-Ya Management Company

Management
  
Starwood Hotels and Resorts

The Sheraton Waikiki Hotel is a resort hotel in Honolulu, Hawaii on Waikīkī Beach. It was built in 1971 and is currently owned by Kyo-Ya Management Company, Ltd. and operated by Starwood Hotels & Resorts. The hotel was featured in The Brady Bunch season 4 opener in 1972.

Osano Empire

In 1974, Japanese brothers Kenji Osano and Masakuni Osano bought the 3 year-old Sheraton Waikiki Hotel, along with the Sheraton Maui and the Royal Hawaiian Hotel. They already owned the Princess Kaiulani Hotel, the Moana Hotel and the Surfrider Hotel. The Osano brothers formed Kyo-Ya Company Limited, a subsidiary of Kokusai Kogyo Company Limited as the corporate entity charged with overseeing the hotel properties. The purchases put the Osano brothers on the Forbes List of World's Richest People in 1999. After the death of the Osano brothers, Takamasa Osano inherited the billions of dollars owned in properties. The Sheraton Waikīkī Hotel is used as the corporate office of the Osano Empire. In 2004 Takamasa Osano sold 65% of Kokusai Kogyo to Cerberus Partners LP to cover $4 billion in defaulted loans. He still controls 35% of the company.

References

Sheraton Waikiki Hotel Wikipedia