The Island Colony Joins Aqua Portfolio
WAIKIKI BEACH, HI, October 9, 2006. Mike Paulin, owner and CEO of Aqua Hotels & Resorts announced today the addition of Island Colony to its expanding Waikiki inventory. This makes Aqua the fastest growing Waikiki hotel chain this year - adding five properties and doubling its portfolio.
"It's exciting to have Island Colony join the Aqua family," said Will Tanaka, President of Aloha Hospitality Consulting, LLC and Stahl, Inc., the general partner of Island Colony Hotel. Having worked with Mike for many years, coincidently beginning at the Island Colony in 1979, I have a great deal of confidence in him and his team. Aqua is definitely on the move, targeting the right customers for Waikiki and for Island Colony."
The 740-room Island Colony is located at 445 Seaside Avenue and becomes the 6th property in Aqua's Lite collection. The 44-story hotel features rooms with an AquaKIT (mini-refrigerator, microwave and coffeemaker), spacious lanais and great views of the Koolau mountain range, Diamond Head or the Pacific Ocean. Hotel amenities include a large outdoor swimming pool and sundeck, Jacuzzi, sauna and coin-operated washer/dryers.
"Aqua Hotels has emerged from the fledgling condotel company it was in 2001 to a competitive Waikiki brand offering a range of products," remarked Elizabeth Churchill, Aqua's VP Marketing and Guest Services. "As an urban resort destination, Waikiki balances excitement with relaxation and provides excellent potential for both Aqua Lite and Aqua Boutique hotels. The addition of Aqua Island Colony to our Aqua Lite group is significant as several properties in this category will be transitioning to the Aqua Boutique group once their respective renovations are complete - much like the grand opening of the Aqua Waikiki Wave on October 1st."
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