Nikki O'Rourke

This property is located in a great location next to Ala Moana Shopping Center, and within walking distance to the Convention Center, Ala Moana Beach Park, and ideally situated to many other Honolulu landmarks, dining, and recreation. Parking is easy and The Bus schedules & routes are convenient.

Regarding your question of moderate or high risk is dependent upon many variables. For example; what is your personal risk tolerance and what do you consider to be a "high" risk investment; how long do you plan to hold the property; what are your cash flow expectations if any, what are the current and past average daily rates (ADR) performance of unit/condotel, history of condotel occupancy, economic conditions etc. Often, condotels are considered higher risk due to the fact that they are dependent upon the tourism market, subject to higher taxes (transent accomodations tax), and usually have higher operating costs. It is ideal and convenient if you plan to enjoy it for your own use regularly.

Like any investment, the more you know what your objectives are, the easier it will be for you to identify the right investment property. You will also be able to know with the right information, whether a property is in fact high risk based on your individual goals.

Good luck! - Sat Jan 23, 2010