L E G E N DA RY S H O P P I N G & D I N I N G

Located in Wa iko loa Beach Resor t | K ingsShops .com | 808 .886 .88 1 1

LOCATION THE BIG ISLAND

HAWAII ISLAND VISITOR STATS (2016)

Annual Visitors 1.55 million

Domestic 1,183,166

International 366,880

Average Length of Stay 7.49 days

Per Person Per Day Spending $177.1

Per Person Per Trip Spending $1,326.0

The Big Island is experiencing huge growth in visitor arrivals and spending. For February, 2017, year-to-date, visitor spending increased +20% with the average daily census also increasing +8.4% compared to 2016.

In 2016, Volcanoes National Park on the Big Island saw 1,887,580 visitors which was the highest count since 1984. The volcano is actively erupting and continues to be one of the largest tourist attractions in the state. As there are very few hotel accommodations near the park, most visitors will stay on the Kohala Coast.

Median home prices on the Kohala Coast of the Big Island hit an average $525k in 2016, nearing the median price record set a decade ago and increasing 20% over the prior year.

Hawaii’s Big Island set a new January record in (hotel) occupancy with a gain of 7.1 percentage points to 81.2 percent, while average rates reached $267. (PBN March 21, 2017)

Big Island homes and condominiums showing prices up 20 and 33 percent, respectively, according to Hawaii Island Realtors first quarter 2017 report. (PBN April 5, 2017)

is growing bigger

HAWAII

MAUI

LANAI

MOLOKAI

OAHU

KAUAI

KINGS’ SHOPS

KINGS’ SHOPS FACTS

Kings’ Shops is a 70,596 square foot luxury resort retail destination. The center’s sales per square foot are among the highest in the State of Hawaii.

The current retail mix includes Tiffany & Co., Michael Kors, Tommy Bahama, Tori Richard, Macy’s Resort Store and more.

Kings’ Shops is centrally located on the Kohala Coast of Hawaii Island and is surrounded by eight world class resorts.

The center is home to two, celebrity chef restaurants - Roy’s Waikoloa Bar & Grill by Chef Roy Yamaguchi and the Koa Table by Chef Ippy Aiona.

Approximately 1.2 million international and domestic travelers visit the Kohala Coast annually, including affluent Asian tourists.

Situated within the Waikoloa Beach Resort, a 1,150-acre master planned resort featuring the 1,241-room Hilton Waikoloa Village, the 545-room Waikoloa Beach Marriott Resort & Spa, more than 1,000 condominiums, 293 timeshare units along with residential units.

New direct flight to Kona from Japan started in December 2016 adding 3,528 additional seats per month bringing high spending Japanese visitors to the area.

INTERNATIONAL VISITORS

• Hawaiian Airlines’ new direct flight to Kona from Japan started in December, 2016 adding 3,528 seats per month bringing high spending Japanese visitors to the Kohala Coast. • In February 2017, the Big Island saw a 16.4% increase in arrivals from Japan versus a year ago and considerably more visitors staying exclusively on the Big Island (+37.4%.)

• The new Kona route will generate $35 million in additional visitor spending and $12.5 million in wages and benefits according to Mark Dunkerley, Hawaiian Airline’s president and CEO. (Honolulu Star-Advertiser, May 14, 2016)

• Over $2 million in improvements to the Kona Airport were recently completed in anticipation of the increase in International arrivals.

• Kings’ Shops Chinese Royal Passport Program attracts both FIT and Chinese tour groups and rewards these visitors for shopping and dining at Kings’ Shops. Average per person per day spending for Chinese visitors to Hawaii is the highest among the visitor markets at $365.

Increase in International Visitors to the Big Island

THE KOHALA COAST &WAIKOLOA BEACH RESORT

The Four Seasons Hualalai Resort 243 Rooms Completed $40 million renovation in 2009

Hualalai Resort Condos & Homes 318 Units

Waikoloa Beach Marriott Resort & Spa 545 RoomsCurrently completing renovation project includes converting 240 room tower to 112 timeshare units

Hilton Waikoloa Village 1,241 Rooms

Hilton Grand Vacations Clubs 415 Rooms

Waikoloa Condos & Residences 1,293 Units

Mauna Lani Condos & Residences 763 Units

Mauna Lani Bay Hotel & Bungalows 346 Rooms Guestroom “refresh” completed 2014

Fairmont Orchid 540 Rooms Guestroom renovation project completed in 2013

Hapuna Beach Prince Hotel 350 RoomsPlans to commence in 2017 - 96 guest rooms to be renovated and converted to 5-star resort residences

Mauna Kea Beach Hotel 350 rooms$8 million renovation completed in 2016, added new, indoor, event space

Mauna Kea Condos 183 Units

KINGSSHOPS

The Kohala Coast features 7,152 hotel rooms, condominiums and timeshare units.

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For Leasing Information:

Deven D. Higa (S)Vice President, Retail Brokerage

1585 Kapiolani Boulevard, Ste. 1750Honolulu, HI 96814-4524

tel + 1 808 247 0616fax 808 235 3279

deven.higa@am.jll.com

www.jll/retail.comwww.kingsshops.com