Outrigger Enterprises completed the sale of the Ohana Reef Towers on Lewers Street here to Fairfield Resorts.
Outrigger has retained the street-level, retail portion of the building, which will become part of a planned $460 million Waikiki Beach Walk entertainment project.
Fairfield will turn the hotel into a 195-unit vacation ownership resort, to be opened as the Fairfield Hawaii at Waikiki Beach Walk in the fall of 2006 following a $54 million renovation.
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