The Sheraton Waikiki Beach Resort is a resort hotel in

Honolulu Honolulu ( ; ) is the List of capitals in the United States, capital and most populous city of the U.S. state of Hawaii, located in the Pacific Ocean. It is the county seat of the Consolidated city-county, consolidated City and County of Honol ...

Hawaii Hawaii ( ; ) is an island U.S. state, state of the United States, in the Pacific Ocean about southwest of the U.S. mainland. One of the two Non-contiguous United States, non-contiguous U.S. states (along with Alaska), it is the only sta ...

on Waikiki. It was built in 1971 and is currently owned by Kyo-Ya Management Company, Ltd. and operated by

Marriott International Marriott International, Inc. is an American multinational corporation, multinational company that operates, franchises, and licenses lodging brands that include hotel, residential, and timeshare properties. Marriott International owns over 37 ho ...

Ownership

In 1974,

Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...

ese brothers Kenji Osano and Masakuni Osano bought the 3 year-old Sheraton Waikiki Hotel, along with the Sheraton Maui and the Royal Hawaiian Hotel. They already owned the Princess Kaiulani Hotel, the Moana Hotel and the Surfrider Hotel. The Osano brothers formed Kyo-Ya Company Limited, a subsidiary of Kokusai Kogyo Company Limited as the corporate entity charged with overseeing the hotel properties. The purchases put the Osano brothers on the

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List of World's Richest People in 1999. After the death of the Osano brothers, Takamasa Osano inherited the billions of dollars owned in properties. The Sheraton Waikiki Hotel is used as the Osano corporate office. In 2004 Takamasa Osano sold 65% of Kokusai Kogyo to Cerberus Partners LP to cover $4 billion in defaulted loans. He still controls 35% of the company.

Labor relations

On November 12, 2024, workers at the Sheraton Waikiki Hotel ratified a new labor contract.

References

External links

* {{Official website, https://www.marriott.com/en-us/hotels/hnlws-sheraton-waikiki-beach-resort/ Waikiki Hotels in Honolulu Waikiki Hotels established in 1971 Hotel buildings completed in 1971 1971 establishments in Hawaii Buildings and structures in Honolulu