See how much a Las Vegas timeshare company paid for The Modern Honolulu hotel

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Diamond Resorts International, a timeshare company based in Las Vegas, paid $215.1 million for The Modern Honolulu hotel, Shimogawa Scoops has learned.
On April 19, Diamond Resorts announced its purchase of the 353-room hotel for an undisclosed price. The $215.1 million price tag equates to Diamond paying about $609,000 per room, which is much higher than the other Waikiki hotels that traded earlier this year.
The 72-room Hotel Renew by Aston was purchased for $25.8 million in January for $358,333 per room, while the 644-room Aston Waikiki Beach was sold for $200 million, or $310,559 per room.

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