AD
ADVERTISEMENT

Boutique Hotel Hits the Hilo Market

March 20, 2019, 1:59 PM HST (Updated March 20, 2019, 3:40 PM)
×

    +
    SWIPE LEFT OR RIGHT

    A boutique hotel in Hilo, the Wild Ginger Inn, once described by BuzzFeed News as “the best cheap-ish hotel in all of Hawaii” has hit the market for $2.2 million, listed by Kelly and Kona Moran of Hilo Brokers Ltd.

    Located across the bridge from Downtown Hilo and fronting the Waipilopilo Stream, the hotel dates back to the 1920s.

    Originally built as a housing facility for plantation workers, the property was converted in the 1950s to an inn with 27 private bedrooms.

    It currently encompasses 38 rooms, and has positive potential for future expansion, according to the agents listing the property.

    SPONSORED VIDEO

    They described “steady interest” since the property hit the market, attributing a wide variety of prospective buyers to the hotel’s “resort zoning and close proximity to Hilo Bay and Downtown Hilo.”

    Kelly Moran, the founder of Hilo Brokers, described an increasing investor focus on resort-zoned properties after recent moves by Hawai‘i County to crack down on vacation rentals operating in residential zoning districts.

    “Resort zoning was already a rare commodity in the past,” explained Moran. “We expect that property classification to be even more coveted moving forward.”

    ADVERTISEMENT

    The Wild Ginger Inn is currently owned by the Love family, who purchased the property for $1.3 million in 2005.

    Wild Ginger Inn. PC: Hilo Brokers Ltd.

    Wild Ginger Inn. PC: Hilo Brokers Ltd.

    Wild Ginger Inn. PC: Hilo Brokers Ltd.

    Wild Ginger Inn. PC: Hilo Brokers Ltd.

    Nate Gaddis
    A former journalist born on the Big Island, Nate Gaddis began his career in real estate designing marketing campaigns for complex estate properties. Now a full-time agent at Elite Pacific Properties, he has combined a deep knowledge of the islands with his strategic marketing skills to help navigate the sale and purchase of Hawaiian real estate, including some of the largest transactions in East Hawai‘i's history. He currently writes guest columns covering land use, politics and popular culture.
    ADVERTISEMENT

    Print

    Share this Article

    Get Weekly Updates

    Get a quick summary of what's happening on Hawaii with our weekly email of news highlights:

    ARTICLE COMMENTS ( 8 )
    View Comments