This legal short term rental unit is currently being operated through the Skyline at Island Colony Hotel Rental Program. This 21st floor studio offers peaceful ocean, city, mountain and Ala Wai Canal views from its 100+ sq ft balcony. Fully remodeled from top to bottom in 2021 including new kitchen, bath and flooring. Kitchenette allows for easy meal prep with a built-in two-burner stove and full-sized refrigerator. Located in the heart of Waikiki, within several blocks of world famous Waikiki Beach, International Marketplace and Royal Hawaiian Shopping Center. Island Colony is a popular and secure-building with a 24 hour security desk and numerous amenities including a swimming pool, hot tub, fitness center, sauna, community laundry and sundry store. This unit comes fully furnished. Must remain in the hotel pool upon change of ownership until Oct, 2025. This turnkey, hands-off investment opportunity awaits you.