Peter Savio, New Owner of the Pagoda Hotel

HONOLULU-(HawaiiNewsNow)-Pagoda Hotel, Honolulu's landmark hotel with its one-of-a-kind design and unique appeal, is gearing up for a great 2011 as part of Aqua Hotels & Resorts' Oahu portfolio of properties.

According to new owner Peter Savio, at least $2 million will be spent on planned upgrades to the restaurant space, with another $4 million dedicated for future hotel refurbishment.

Effective December 20, 2010, new ownership and management of the 359-room hotel takes effect.  Kai Management Services, LLC will operate the property and receive a range of support services from Aqua Hotels & Resorts.

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