realestate

Rising Star in Real Estate: A Small Firm's Path to Success

MacNaughton expands portfolio with acquisition of three local hotels.

M
acNaughton is a family-owned, multigenerational real estate development and investment company with a diverse portfolio of projects across various sectors. Founded by Duncan MacNaughton, the company has been active in Hawai‘i for nearly 50 years. Despite its relatively small size, MacNaughton has developed and invested in numerous high-profile projects, including hotels, housing developments, healthcare facilities, restaurants, and retail centers.

    As the COO of MacNaughton, Emily Reber Porter brings a wealth of experience to the company, having graduated from Princeton and Harvard Law and worked in law, tech, and business for over 15 years. She has served on various boards and advisory committees, including those for Punahou, Child & Family Service, and Kualoa Ranch.

    In an interview with Porter, it became clear that MacNaughton's focus on hospitality investments is a natural progression from its residential development projects. The company has invested in several hotels, including the Lotus Honolulu at Diamond Head, Hotel Renew, and Waikiki Malia, which it co-owns and manages. This expansion into hospitality allows MacNaughton to leverage its expertise in development and management while contributing to Hawai‘i's tourism industry.

    Porter emphasized that MacNaughton's local roots and commitment to community values set the company apart from larger competitors. With a long-term investment horizon, MacNaughton prioritizes relationships and partnerships, which has been essential during the pandemic and shifts in consumer behavior. The company's focus on innovation, integrity, collaboration, community, and balance is reflected in its approach to development and management.

    As MacNaughton approaches its 50th anniversary in 2025, Porter and CEO Ian MacNaughton are committed to persevering as an enduring real estate development and investment company based in Hawai‘i. They plan to continue diversifying the portfolio, seeking synergistic partners, and serving as a responsible and reliable partner for the community.

    MacNaughton's culture is built on five core values: innovation, integrity, collaboration, community, and balance. Porter highlighted the importance of work-life balance, understanding the broader world while staying true to local needs and values, and partnering with local nonprofits to support the community. The company's commitment to these values has fostered a strong sense of purpose and identity within the organization.

    In addition to its development projects, MacNaughton has also been involved in various philanthropic efforts through the MacNaughton Foundation, which supports local causes and initiatives that align with the company's values.

Real estate entrepreneur rises to success with small firm in downtown city.