LAIE, HAWAII – Laie Ventures LLC has been selected as the developer to replace what used to be the Laie Inn.Construction on the new hotel, which will be adjacent to the Polynesian Cultural Center, is expected to begin later this year.
Laie Ventures LLC, is led by Dan Gifford and Brent Wood who have partnered to develop and finance the project. The team has more than 25 years of development experience in commercial, residential, hospitality and high-tech construction.
Though approved for four stories and 222 rooms, plans have been scaled back to three stories, and for the first phase of the project, 144 rooms are planned. Future phasing will depend on various factors, including market demand. Initial permits for horizontal infrastructure have been filed and site preparation work is expected to begin soon.
An upscale pool, bistro and meeting space in the entry building are planned for the redevelopment. Final selection of other development team members is underway and more information will be forthcoming as the process moves forward.
Redevelopment of the hotel is being facilitated through a ground lease by land manager Hawaii Reserves, Inc. (HRI).
“We are pleased to enter a development agreement with Laie Ventures, a welcomed next step for reinstating this important economic driver and community resource in Koolau Loa,” said R. Eric Beaver, HRI president. “The entire region will benefit from this long-awaited, much-needed lodging facility.” Beaver says that the hotel is still expected to be a Marriott, and that the project will provide employment for residents and students and help bolster the neighboring Polynesian Cultural Center and Brigham Young University-Hawaii, as well as serve the needs of the community.
This announcement triggers the next step for relocating the Laie McDonald’s and Chevron, currently located on the new hotel site. Plans call for the Chevron gas station to relocate to the Laie Shopping Center, while the Laie McDonald’s will move further north on the property.
“This is a continuation of the positive things happening in Laie,” said Beaver. “There will be temporary inconveniences, but we are committed to keeping the community informed every step of the way.”
Submitted by Hawaii Reserves, Inc. and Laie Ventures LLC
Hawaii Reserves, Inc. (HRI) manages and owns property affiliated with The Church of Jesus Christ of Latter-day Saints, located primarily inLaie on the north shore of Oahu. Properties include Laie Shopping Center as well as other commercial and residential sites; Hukilau Beach Park and Laie Cemetery; subsidiaries Laie Water Company and Laie Treatment Works; and other common-area infrastructure such as roads and streetlights.
Laie Ventures LLC is a single asset entity formed by DG Development and Investments president Dan Gifford and Brent Wood. The development and investment team has more than 25 years of experience in building commercial, residential, hospitality and high-tech construction. Gifford has worked as an executive with nationwide builder Centex and real estate developer/constructor Foulger-Pratt. He serves as the executive committee chairman of the non-profit organization, Cause For Hope.