In October 2006, Will Tanaka teamed with Aqua Hotels and Resorts to acquire the
Island Colony Rental Program. Since then, the Island Colony Hotel Rental Program's
monthly distributions have dramatically increased. Will Tanaka is Hawaii's foremost
condo hotel expert, representing clients who include Hilton Kauai Beach, Starwoods,
Bacarat Wailea, Trump Waikiki, Trump Baja, and MGM Residences just to name a few.
Aqua Hotels and Resorts is Waikiki's premier condo hotel management company. Together,
Will Tanaka and Aqua Hotels and Resorts bring an unparalleled skill set to lead
the hotel through repositioning and to increase value and rental potential with
additional owner benefits.
Mr. Tanaka started with plans to add major amenities, create value, and to reposition
the hotel after the renovation of rooms. November 15, 2012 was the launch of the newly
renovated Skyline at the Island Colony Hotel. After renovations and added amenities,
the hotel has been able to compete and exceed the demands of the mid-priced market
segment which has increased the daily average rate to about $130-$140 per night
(from $80 per night in 2012). Part of the repositioning plan is to renovate all units in
the rental program, and increase real estate value. Will Tanaka has been involved with
repositioning of comparable hotels such as Aloha Surf, Palms Waikiki, Bamboo, Aina-Nalu.
The range of increase in the average rate was approximately 50-90%.
Within the past couple of years, the Island Colony Hotel Rental Program's overall
performance in net monthly revenues has exceeded revenues generated though a private
management company. Most homeowners are unaware of all the advantages of the hotel
rental program and additional expenses you incur when renting your unit through
a private management company. Some of these advantages include 14 free hotel nights
at the Island Colony, on behalf of the partnership we assist you in paying both
your GET and TAT taxes, and a distribution check mailed monthly and timely.
For more detailed information on the Island Colony Hotel Rental Program and the
full list of benefits it provides please click here to download our brochure.
If you are interested in the hotel rental program please feel free to review the following informational documents.
Hotel Rental Program Brochure
Hotel Rental Program Information Sheet
If you are ready to join the hotel rental program please print and return the below three forms by
Mail to 445 Seaside Ave Honolulu, HI 96815 or by Fax: 808-922-3809 or by email to
Direct Deposit Form
In the case of a transfer (ex. A homeowner sells his/her unit and the new owner
would like to remain in the rental program.) please click to download the following
Assignment of Interest Form
Direct Deposit Form