Pagoda Hotel sold to developer for 15 Million

HTH Corp. has announced the sale of the Pagoda Hotel and Floating Restaurant in Honolulu.

According to a company news release, the 46-year-old, 359-room property was sold to developer Peter Savio, who has hired Pagoda Management Services LLC. to manage the property.

Savio said in the news release that he’s excited about the future of the hotel and the restaurant. He said the hotel is looking forward to continue hosting the thousands of Neighbor Islanders who call the Pagoda home when on Oahu.

Terms of the sale weren’t disclosed. HTH had listed the property for $15 million.

Maui News