The iconic Ilikai Hotel will reopen on Friday with new managers, according to an announcement this afternoon by hotel owner iStar Financial.

The 203-unit hotel was closed by its former operator on July 9, but iStar Financial’s subsidiary SFI Ilikai Property Owner decided to reopen the hotel after reaching agreement with the hotel workers union. That agreement with UNITE HERE Local 5 provides for the rehiring of about 50 employees, some of whom have been with the hotel for more than 30 years.
“iStar Financial would like to thank the union and its members for their commitment to find ways to help us provide the continued employment opportunities we all desire,” said Andrew G. Backman, iStar Financial’s senior vice president of investor relations and marketing. “We all share in the desire to preserve this iconic property for the community.”
“We would like to thank the local community, the travel industry and guests for their support during this transition period,” said Ike Cockett, general manager of the Ilikai. “We were all touched by the many past, present and future guests who called to express support.”
Hotel Management Services, LLC will manage the hotel, and receive a variety of support services from Aqua Hotels & Resorts.
“We are excited about this opportunity to work with Ike Cockett and his dedicated team to play a role in returning the Ilikai to its position as a landmark lodging option in Waikiki,” said Bill Henderson, vice president of Development for Aqua Hotels & Resorts.
iStar noted agreements with Local 5 and Aqua Hotels & Resorts will not by itself ensure the long-term viability of the hotel and the benefits of a more efficient hotel operation need to take effect along with an overall improvement of the world economy and the Hawaii tourism industry.
In addition to retail and commercial space, the Ilikai complex consists of 1,009 total units, some occupied by full-time residents and some by timeshares, as well as the 203 units used for hotel operations. The reopening only affects the hotel units. The remaining 806 units are not affected.
Managers say guests who have reservations should expect a smooth transition to the new management. The Ilikai is also taking new reservations. Guests with questions, or those who would like to make reservations, may call the hotel at 808-949-3811 or toll free at 866-406-2782. Reservations may also be made at www.ilikaihotel.com.