In a landmark transaction, Kamehameha Schools has sold the 10.3-acre parcel under the legendary Royal Hawaiian Hotel in Waikīkī for $510 million to Japan‑based Daisho Co. Ltd.. While the sale transfers full ownership of the land (fee-simple), operations of the resort will continue under its existing long-term lease with Kyo-ya Hotels & Resorts, ensuring business-as-usual for guests.

This decision comes as part of Kamehameha Schools’ Strategic Plan 2030, which calls for active stewardship of its ʻāina (land) portfolio — balancing financial sustainability with cultural responsibility. Crystal Rose, Chair of the Board of Trustees, expressed that the trust only sells “after much deep and agonizing consideration,” underscoring the emotional weight of letting go of historically significant land.

According to Kamehameha’s announcement, Daisho Co. has committed to honoring the cultural legacy of the site. Their stewardship plans include investments in scholarships, cultural programming, and maintaining historic sites — such as the Helumoa coconut grove, deeply rooted in Hawaiian royal history.

For Kamehameha Schools, the $510M proceeds will go directly toward its mission: supporting the education of Native Hawaiian children. The trust sees this not just as a financial transaction, but as a strategic move to strengthen its endowment and fund critical programs for future generations.

While this may feel like the closing of a chapter, Kamehameha remains deeply committed to its role as a stewart of ʻāina. As CEO Jack Wong put it, the goal is to position the land so it can “serve the evolving needs of our lāhui, both today and for generations to come.”

Why It Matters to You (and Our Community):

• This is one of the most significant real estate deals in Hawaiʻi — not just financially, but culturally.

• It reflects how historic Hawaiian trusts like Kamehameha are adapting to modern financial realities while still honoring their legacy.

• For the broader Waikīkī area, this sale could influence future development, land use, and long-term stewardship of iconic sites.

• And for our community, it's a reminder that ʻāina is more than property — it's a living legacy, tying together education, culture, and sustainability.

Source: SFGate