Honolulu, HI. Oceanwide Resort HI LLC, a subsidiary of China Oceanwide Holdings Group Co., Ltd., closed a deal to acquire more than 17 acres of oceanfront land on the west coast of Oahu, Hawaii. The land will be used to build a luxury resort development within the Ko Olina Resort. Upon completion, the development will include both luxury branded hotel rooms and residential condominiums. The Ko Olina Resort is a master planned community that contains a golf course and a marina as well as commercial, hotel and residential uses. Over the past year, development in West Oahu has grown with a number of luxury and upscale hotels opening in Ko Olina or showing strong interest in joining this resort community.
Nixon Peabody represented China Oceanwide in this deal. China Oceanwide has expanded its presence in the U.S. over the past two years acquiring and developing real property in a number of cities including Los Angeles, San Francisco and Sonoma, California.
Nixon Peabody partners Paul Schrier and David Cheng led the deal team representing China Oceanwide together with partner Colette Dafoe and associate Ian O’Banion. Partners Scott Turner and Marlene Williams, counsel John Foust, associates Alison Torbitt, Kevin Cao and Ed Campbell, legal consultant Kelly Xiang, and paralegal Maria DeAndrade of the Nixon Peabody legal team also contributed to the successful closing of the transaction. Nixon Peabody was also assisted by the Hawaiian law firm Chun Kerr LLP, which provided local land-use expertise.