It took 31,000 tiles to redo the two rainbows on the Rainbow Tower, at a cost of $11 million for the tiles alone and $45 million for the tower’s overall upgrade. The hotel is constantly renovating; in 2013, the Hilton says it spent $25 million just on upgrades to the Alii tower.
Construction is expected to be strong, driven in part by large infrastructure projects, but tourism is slipping and the safety net fraying.
About 1 in 8 condos for sale on O‘ahu are leasehold. Many, including some prestigious properties, are declining in value as the end of their land leases near.
