WAIKIKI, Hawaii - The Sheraton Waikiki is prepping to undergo another facelift. 

Our partners at the Pacific Business News reports that more than $100 million will be invested into renovating its 1600 plus guestrooms, hospitality rooms, and lounge. 

The hotel spent $187 million to revamp its public and private spaces back in 2010. 

The Sheraton Waikiki is Hawaii's second largest hotel, and first opened in 1971. It has over one thousand employees.