option to purchase the hotel later that year for $69.5 million. The Ilikai was renovated between 1987 and 1990, at a cost of $40 million, and Jowa Hawaii brought in Nikko Hotels to manage the hotel in 1991, when it was renamed The Ilikai Hotel Nikko Waikiki. The hotel was sold again in 2000 for $57 million to Forward One LLC, owned by the Zen family of Taiwan, and reflagged to Marriott's Renaissance brand as the Renaissance Ilikai Waikiki on February 14, 2000. In 2006, Brian Anderson and Anekona Development Group purchased the 703-room hotel portion of the property for over $200 million and the hotel left Renaissance. The remainder of the building had been converted to 575 individually owned residential condos and 80 time-share units. In 2009, the 203 hotel rooms remaining in the Ilikai, which was facing foreclosure, were acquired by New York-based iStar Financial, which brought in Honolulu-based Aqua-Aston Hospitality to manage the property. In 2010, the Yacht Harbor tower, which had been severed from the Ilikai, reopened as a separate hotel, the Waikiki EDITION Hotel, part of Marriott's luxury boutique EDITION brand. It was renamed The Modern Honolulu Hotel in 2011, after a dispute between the owners and Marriott. Ronald and Nancy Reagan (1968) are some of the many celebrities who have stayed at the Ilikai Hotel. References External links Ilikai Hotel Website Brief mention in 1964 New York Times Skyscraper hotels in Hawaii Skyscrapers in Honolulu Waikiki Buildings and structures completed in 1964 1964 establishments in Hawaii Hotels established in 1964 Hotel buildings completed in 1964