Development Pipeline Scheduled for 2024

AC Hotel by Marriott Honolulu

Continental Assets Management Signs With Marriott to Bring AC Hotel Brand to Honolulu

Following its acquisition in January 2021 of the office building located at 1111 Bishop Street, also known as the "Remington College Building", Continental Assets Management today announced it has signed an agreement with Marriott International to debut the company's design-driven AC Hotels brand in Honolulu. The property is slated to debut in the heart of downtown Honolulu in the Central Business District and is expected to feature 104 rooms. Currently an existing office building, the conversion to the AC Hotel Honolulu is expected to begin late next year, with the anticipated opening in 2024.

AC Hotel Honolulu ......

AC Hotel Honolulu

Photo by Marriott

The hotel is expected to feature 104 modern and thoughtfully designed guest rooms, the brand's AC Kitchen featuring a European-inspired breakfast, and a 24-hour wellness center. The design also includes collaborative, open spaces such as the AC Lobby and AC Library, featuring sleek furnishings, curated artwork, and ambient lighting. Continental Assets Management also plans to create an AC Lounge, a communal area of creativity that features a full bar serving thoughtfully selected wine and beers and hand-crafted cocktails, including the brand's signature Gintonic, along with tapas plates. The existing food retail outlets will remain but the area will be upgraded to a "food hall" concept to showcase an electic mix of local and international flavors.

Continental Assets Management is a premier private real estate investment company founded in Los Angeles, California. Continental has an opportunistic, long-term approach to investing in all real estate asset classes. In its 30 years, Continental has been able to grow and diversify its portfolio to include hospitality, multifamily, commercial retail, and developable land in California, Hawaii, Texas and parts of the Midwest.

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AC Hotels includes over 175 hotels in more than 25 countries and territories. At AC Hotels, every moment has been designed, refined, crafted, and considered to create a seamless guest experience. Each AC Hotel features purposefully designed signature spaces that strike the perfect balance of form and function. Most notably, the AC Lounge® invites guests and locals alike to collaborate during the day, or to enjoy signature cocktails and tapas...

Marriott International, Inc., (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,200 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program.

Highgate is a leading real estate investment and hospitality management company with over $20 billion of assets under management. Highgate has a 30-year track record as an investment manager, operating partner, and developer for REITs, private equity firms, sovereign wealth funds, high net worth individuals, and other institutional investors. With a particular focus in hospitality real estate, Highgate’s portfolio includes over 500 owned and/or...