For Sale: Waikiki's Royal Hawaiian Center

Courtesy of Wendy Cutler via Flickr

This time next year, a new owner may have control over the retail heart of Waikiki.

Kamehameha Schools announced Tuesday that it is planning to sell the buildings that make up the iconic Royal Hawaiian Center, a mall that spans three blocks in Hawaii’s tourism center.

It’s a big move for Kamehameha Schools, a charitable trust that is the largest private landowner in the state. The trust, which recently invested more than $100 million to improve the center, says the sale is part of its new strategy to be more aggressive with its assets.

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