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WAIKIKI, HI-The San Francisco-based Chartres Lodging Group has acquired the 451-room Ocean Resort Waikiki hotel in a joint venture that plans to renovate, rebrand and reposition the property. The Chartres partner in the venture is a fund managed by Morgan Stanley Real Estate Investing. Kokua Hospitality, an independent management firm affiliated with Chartres Lodging, will take on the management of the hotel.


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