Waikiki, HI, July 27, 2009 --(PR.com)-- Aqua Hotels & Resorts, a full-service hotel management company with 15 hotels and resorts in Hawaii, announced that a subsidiary of iStar Financial, SFI Kauai Operator LLC, has selected the company to assume management of the Hilton Kauai Beach Resort effective July 24, 2009. The addition of the Hilton Kauai Beach Resort to Aqua’s portfolio increases the Hawaii-based company’s presence to 16 hotels on four Hawaiian Islands.
Located at 4331 Kauai Beach Drive, five minutes north of Lihue airport and 10 minutes from Lihue town, the deluxe, oceanfront Hilton Kauai Beach Resort is situated on 25 lushly landscaped acres. The five-story resort also boasts the island’s longest exploring and strolling stretch of white sand beach.
“It’s exciting to be selected by iStar Financial to manage the Hilton Kauai Beach Resort,” said Ben Rafter, Aqua’s President and CEO. “The addition of this spectacular resort is an excellent complement to Aqua’s growing portfolio of Waikiki and neighbor island resorts. It will provide an outstanding lodging option for Aqua customers planning a visit to ‘Hawaii’s Island of Discovery’.”
“We’re delighted to be working with Aqua Hotels as we share their vision and commitment to Hawaii’s island culture,” stated Andrew G. Backman, iStar Financial’s Senior Vice President of Investor Relations and Marketing. “iStar also shares Aqua’s goal to generate a hospitality environment that will enable Hilton Kauai Beach Resort to appeal to a diverse and wide range of visitors to the island.”
Hilton Kauai Beach Resort is a non-smoking hotel offering 350 deluxe hotel guestrooms, including oceanfront suites and executive guest rooms.