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Penny's Waikiki Malasadas

4.3 (546 reviews)
ModerateDonuts, Bakeries
Closed • 6:00 am - 9:00 pm
Updated a few days ago

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Janet M.

We were having lunch at the food court when I saw this place and decided to try it out. I got the cinnamon sugar, custard filled and ube filled. We ate the cinnamon sugar and custard filled right away while it is still fresh and hot. I was blown away by how soft and good they were. I saved the ube filled for the next day for breakfast. My partner said that it wont be good but I didnt care and ate it anyway. To my surprise, it was still good and soft like it was bought just a few hours before. My partner said that "Leonard's is better". I beg to disagree. We bought Leonard's and the next day, it was soggy. I couldnt eat it and ended up throwing it away. I wish I brought back some of these with me so my niece can taste it. I will definitely buy this again when I am back in Hawaii.

A dozen original (no filling) with sugar
Kyle S.

We were at Royal Hawaiian Center for a performance and ate at the main food court afterwards. I wondered how the malasadas from Penny's were so I took a chance and bought a dozen original with sugar to share with other families we were with. I am not a fan of filled malasadas as they become just filled doughnuts and you lose what makes malasadas great. The slightly crunchy outside and airy inside with a little chewiness is what I consider a good one. They are made to order so be patient and it is worth having them fresh! I was surprised but how airy the inside was, not dense, and not dry. It had a nice eggy taste and can't go wrong with it coated with sugar. You know how some malasadas can make you feel full or even regretful afterwards? Not these as I had no problems eating one and wouldn't have minded eating more! I didn't though as I wanted everyone to have one to eat. I saw beignets on the menu so if they are just as airy but with powdered sugar on the outside, I'm sure they will be great. I'll have to try those the next time.

Karlo G.

Penny's is a decent alternative to Leonard'ss and easily fulfilled my sweet tooth cravings. This shop is located in the second level food in the Royal Hawaiian which was a convenient 10 minute walk from my hotel. The malasadas were fresh and made to order. Their menu board is straight forward with options for traditional or filled. I opted for the filled malasadas and chose coconut creme, original custard, and ube creme. The box of 3 cost $11.25. Their malasadas have a slightly denser texture compared to Leonard's. They are still airy and geneoursly filled. Their ube creme was my favorite. I also enjoyed their coconut creme and original custard. The fillings are more on the liquid side. Thew malasadas come in either 3, 6, or 12. They also have beignets as an off menu item. Service fast and friendly.

Chris V.

I wanted to try a different malasada spot before my trip ended so checked this place out. As someone who ate a bunch of Leonard's a couple days earlier, the only advantage Penny's has IMO is the convenience if you are already staying in Waikīkī. They are more expensive (3 for like $10) but not as tasty. I really didn't like the special sugar of the day (forgot the name). It's fine if you are in the area, but it's not the best malasadas you can get.

Aron N.

$3 Malasadas in Waikiki. This is the plain one. It's located in the food court of Royal Hawaiian. The malasadas are made fresh while you wait. Everyone seemed to enjoy it. That's all that matters.

Maggie W.

Don't let the size of these malasadas fool you- they're lighter than a feather and filled with the most airy cream! I came with my friends and we each ordered different malasadas- one coconut cream, one custard, and one ube. The ube flavor in mine was to die for- it's so fresh and has that signature nutty concentrated vanilla scent. They do get a little messy with the sugar and cream oozing out, so we grabbed some extra napkins from the woman in front! My malasada craving was fulfilled. They're one of the most perfect dishes to sum up the culture of Hawaii- a mesh of each immigrant population adapting to traditional flavors (and, in part, influencing others along the way). The history of culinary culture and how each ingredient/dish has made its way to these islands never fails to interest me.

Cat N.

Penny is good but not the best. I do appreciate they have flavors other places do not have including seasonal flavors as well. Not only do they offer malasadas Penny's also had powdered beignets on the menu. What I don't like is they force you to get a pack of 3 instead of being able to just get one. I came to try their malasadas and got a box of 3 of them. I tried their original custard, and two of their seasonal flavors: apple and peach. The custard was my favorite. The apple was my second favorite. The peach was good but it tasted more artifical. It was fried okay but the dough wasn't as soft as their competitors. The sweetness was also okay. Not too sweet which I liked. My 3 malasadas took awhile to make but I think they make them fresh which is nice. The service was okay. I was a little annoyed I had to ask what the seasonal flavors was when I said out loud "oh you have seasonal flavors" to the lady behind the counter. They definitely were not selling. Would I come back? Eh. There's just better options. I would possibly come back if I was already at the shopping center in the food court but to come here just for Penny's is a no for me. It's located in the food court at the Royal Hawaiian Shopping Center. You can park and get validated if you spend over $10.

Located in food court second floor
Harmony D.

When in Hawaii. Had to grab some Malasadas before I went home. Located in the second floor in the food court of the Royal Hawaiian mall. Malasada means left over dough and the left overs have become the main event with Malasadas. I have had them in the states before at farmers markets. These were good but as before too sweet and sugary for me that's just their nature. These are made fresh while you wait. Minimum of three. I got custard, ube and coconut. The coconut was my favorite. I was surprised how liquid the filling was. I think a little thicker would be better. Make sure you take small notes or all the sugar covering will scratch your throat. I have to say I liked Leonard's better as these had more of a fried flavor and less fluffy fresh.

Cinnamon sugar, Ube, Original Custard, and "Nutella"
Danielle P.

Penny's is located in an outdoor food court within the Royal Hawaiian Center. It can get very busy with no seating, so it's more of a grab and go situation. We opted for the Cinnamon Sugar, Original Custard filling with Hawaiian White Sugar, Ube with Hawaiian White Sugar, and Nutella with the Cane Sugar. I was a bit disappointed as their Malasadas are more on the airy side. Not as thick or flavorful as I'd like it to be. Depends on what kind of consistency that you prefer to be honest! I just think the taste felt short. Their Nutella filling was also misleading as it tasted more of a salted chocolate? I don't think it went well with the Malasada. Everything else tasted okay! My favorite was the cinnamon sugar.

3 Filled Malasadas - Coconut Cream!
Anthony N.

When in Waikīkī, sometimes you just gotta follow your sweet tooth--and I'm glad mine led me straight to Penny's! First off, the POG juice... wow. Not sure if it was actually fresh-squeezed or made by magical island fairies, but it tasted way better than the one I had at Duke's. Super refreshing and perfect for that mid-walk pick-me-up. Now let's talk malasadas. We went for the coconut cream and oh man... pillowy soft, coated in sugar, and packed with filling. Absolutely hit the spot. If happiness had a flavor, it would be that coconut cream malasada. The vibe here is casual and quick, staff is friendly, and everything just feels like a "yes" decision. If you're wandering the Royal Hawaiian Shopping Center and debating if you should stop--stop debating and just go.

Ube, coconut, and original custard filled malasadas, $11.85 for 3, 2/2026
Lesley L.

I'm no malasada expert, but these are the best I've ever had--made to order, so they are hot. The best part about them is that they are very light, they are like soft warm pillows! The crème fillings are also light and not too sweet. I've tried malasadas on other islands that claimed to be the best and was not impressed, the dough is heavy and chewy, fillings are to sugary and sweet. These are delicious. Got ube crème, coconut crème, and original custard. The only issue is that the malasadas are so hot that the crème gets runny, but that is a price I'm willing to pay for fresh tasty light malasadas!

4 different flavors on filling Coffee, Ube, Custard, Original Cream
Ross T.

Located in Royal Hawaiian Shopping Center in the food court on the 2nd floor. Need to get validation from establishment you visit a you have to spend $30.00 to get 1st hour free if not it is $3.00 per hour. If you call in your order for pick up the cost is $39.00 if you call in your order and if you go down and order it $31.20, the only thing is the make it when it is ordered and they only have 1 small fryer, so it will take a while for your order. If you are in a rush better to order ahead and pay the difference or go to pipeline! The coffee fill Malasadas wasn't that tasty and not much filling. The original filling was good, the Malasadas is light and not as chewy, as Leonard's or Pipeline so if you prefer the chewy type you would not care for Penny's. The custard and Ube were good and they do make daily flavors this time it was the coffee. We also tried before their Yuzu and Pina colada and Coconut which were very good.

malasadas
Gwen A.

First time trying a Malasada and it was pretty good! I got two filled one with coconut crème and the other with nutella crème. I also ordered one not filled. In my opinion the non filled Malasada was the best. Malasadas came out hot and quick service was prompt.

Filling is inconsistent.

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17 days ago

Wow. Malsadas were awesome. Made fresh. Best filled "donuts" I've ever had. Take some time to make but certainly worth the wait!

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Penny's Waikiki Malasadas Reviews in Other Languages

Ask the Community - Penny's Waikiki Malasadas

Do they offer catering?

Right now we are focused on opening our new location inside The Royal Hawaiian, we may be open to catering opportunities in the near future! On our website there is a form to inquire about catering.

I hear the Penny's truck moved to Hauula?

Yes! We have moved from Schofield Barracks to Hauula Kai! Find us in the Tamura's parking lot from 9am-1pm (or sellout-watch our social media) Tuesday-Sunday !

What are the hours for truck on schofield?

10am-2pm Monday through Friday for March!

When did Penny's first open?

Not sure of the exact date but, I believe it was Summer 2018.

I know you guys have the best Malasadas around- but I'm wondering if you serve drinks also?

We do! We carry bottled water (best prices around), and we have our amazing hand-shaken freshly-made, and Lemonade's! We offer a variety of local flavors, like lilikoi… Read more

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Everything prepared with Love here You can tell that the bakers and cooks enjoy and take pride in…read moretheir work, deliciousness tastes like it Service is genuinely kind; consistently smiling whether from behind the dining counter or wonderful pastries and chantilly cakes or poi donuts Ohh how they are experts at making poi donuts : Liliha Bakery has the most moist tender flavorful POI DONUTS try the poi donut - do-nut eat just one! I dare you to try eat just one! Must have 2? (I confess, I've eaten 3!! Such a warm Ohana feeling when you dine in and enjoy the welcoming atmosphere whether Larger location Pearlcity or their original mostly take out location favorite counter/kitchen service It's like good therapy coming here!

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My mom is paying for our treats!
My mom is paying for our treats!
Potato Mac salad (Dec 2025)
Potato Mac salad (Dec 2025)
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@fortunefoodfinds: "If you DO-NUT know, you can find banana fritters here! You read that right, I…read morecame across n' scored the last banana fritter that KAMEHAMEHA BAKERY in Kalihi had for the day n' also picked up our usual go-to poi malasada, strawberry malasada, orange malasada, n' da kiddies chose a glazed donut, donut twist, n' chocolate covered long John. When you get the last one, it's like the feeling that you won!" SERVICE: fully staffed INTERIOR: when you enter the line forms to the left n' moves across to the right, narrow space, no dine-in just pick up n' go, canned soft drinks n' bottled water are available for purchase that are located in the fridges to the far left. EXTERIOR: next door to Ubae in Kalihi WAIT TIME: right under 10 mins from entering to leaving PARKING: free lot OVERALL COMMENTS: it's been years since my last visit n' I usually come for the poi malasadas so when I saw that they had one banana fritter, I had to have it! I've only had a banana fritter in Cali so this was a nice surprise. Bc it was banana mixed with apple, it had a hint of banana flavor. Crunchy n' glazed exterior with a very soft n' cinnamon interior. The malasadas are always tasty. Out of the poi, strawberry, n' orange, the orange has the most flavor come through. Ofc my kids highly enjoyed their donuts. Prices are really good on all the items we got ranging between $1.55 - $2.12; we spent right under $12 for everything. Will be back again!

We got a bunch to share including the poipan, glazed croissant donut, malasada, glazed twist, poi…read morehaupia, and banana fritter. My favorites were the glazed items. The glazed croissant donut and glazed twist were sweet and delicious. They did a great job on their glazed items. I feel like sometimes glazed items can feel like old/stale glaze with dry pastry on inside but I can only describe theirs as juicy.

Photos
Poi Haupia - inside
Poi Haupia - inside
Banana Fritter $1.55
Banana Fritter $1.55
Custard Danish.

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Good things come to those who wait. I only wish there were more people here specifically waiting…read morefor the coffee because it was absolutely delicious! Sadly, it seemed more folks were there for the pastries though. First off, I'm surprised I found such a fabulous cup of coffee in what feels like the epicenter of tourist life on this island. While visiting another island nearly establishment had signage stating they served Kona and/or Hawaiian coffee, but nearly every establishment's coffee was absolutely awful. Seeing the location I fully expected them to phone in the coffee, but it's clear that coffee comes first here, even if many of the guests are trying to get pastries! You'll be shocked by the line, but just know the staff is efficient and it moves fast. They offer a variety of their own locally roasted beans here, with options for batch brew, espresso drinks and even pour overs (impressive considering the volume of customers). The coffees are well described and the baristas have the additional knowledge you may be seeking when you order, and all in all this went as quickly as I could have expected. Truly, the coffee was delightful, and the fact I was drinking a hot drink on an extremely hot day didn't even phase me. I wanted so badly to bring home a bag of each one, but given that everything is more expensive in Hawaii, these were all 4x the price of the specialty coffee I buy on the mainland and I just couldn't make it happen. What will happen is me telling everyone to visit this shop when they're in Hawaii because it is 100% worth it. Won't you consider opening one in Reno NV?

Long line, oven was broken, so only coffee and desserts available…read more Ordered a "Kona" coffee for $5. Quite frankly it's one of the worst cups of coffee I had. Watery, flavorless. This can't be Kona coffee, and if it was, they don't know how to brew it. Terribly horrible, really expensive coffee. Don't bother.

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Sample drink
Sample drink
Delicious dessert
Delicious dessert
A cup of Americano

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Black sesame mochi danish cross section
Black sesame mochi danish cross section
3 delicious pastries!
3 delicious pastries!
Front entrance

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Front entrance
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I love Pipeline Bakeshops Malasadas! I have been to several Malasada places in Hawaii but | love…read morethere's the best for the following reasons: 1. the size of the malasadas: some restaurants tend to make their Malasadas smaller and when places do this it ruins the overall texture and quality of it. The bigger the malasadas size the more airy and fluffy and more bread layers that will be inside. 2. their malasadas always taste fresh and the same quality each time. 3. their malasadas don't feel oily or heavy at all Overall I would highly recommend this place for their Malasadas! I'm so happy to have found them. I can back multiple times on my trip. They also have other desserts too that I have yet to try. They have ice cream, cakes, and other desserts Also tip: if you are ordering a malasada also order a coffee or a matcha drink to go with it. The cinnamon sugar from the malasada just matches so perfectly with a drink this restaurant is also a nice place for walking! There's lot of stores and restaurants to walk around! I'm trying to remember but I think there was a book off that was not too far from here! If you either drive or maybe walk. Service: staff was super helpful and friendly while I was there. I was having an issue with my online order because my phone was being glitchy and they were so nice in helping :) Also wanted to note their branding is so cute!! They even sell merch items too

Everyone knows to go to Leonard's for freshly made malasadas, and the constant crowds there attest…read moreto their quality and variety (review: https://yelp.to/jaduiZfQRq). However, there are many alternative malasada purveyors throughout Honolulu, so I depended on local vloggers to find the best ones. This one popped up often on YouTube, and as luck would have it, we were dining at The Pig & The Lady on the next block. How calorifically convenient. We took the opportunity to stop by for a pre-dinner snack since they closed at 6PM. It's a cute shop with multiple sweets including quite a selection of housemade ice cream and delectable mouthfuls called Cake Bombs (Photo 10). We decided we would be good and ordered one unfilled Malasada each. Dusted with various sugar flavors, they were just $2.65 a piece. I went for the Coffee, while Jamie chose the daily special, Cinnamon (Photo 6). They were soft and tasty, quite comparable to Leonard's albeit a tad smaller. That wasn't necessarily a bad thing since we had dinner ahead of us. However, we let temptation get the best of us and shared a $5.50 slice of the Ube Haupia Mac Nut Bar, a yummy combination of sweet potato and ube topped with haupia (coconut milk pudding) on a macadamia nut crust (Photo 9). Truth be told, it stole the show from the malasadas. FOOD - 4 stars... the malasadas were good, but that ube dessert was next level AMBIANCE - 4 stars...really a takeout operation with a lot of temptations SERVICE - 4 stars...very calm and orderly TOTAL - 4 stars...yet another spot for sweet Hawaiian decadence RELATED - Exploring Hawaii? Here's a collection of places I've visited and reviewed: https://yelp.to/U7YPblfoMP

Photos
Interior during Malasada Day / Fat Tuesday, 2/17/2026
Interior during Malasada Day / Fat Tuesday, 2/17/2026
1/2 dozen malasada
1/2 dozen malasada
Pipeline Bakeshop & Creamery

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Liliha Bakery

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4.0
(1.6k reviews)
0.2 mi
•$$
Locally owned & operated
73 years in business

We actually didn't plan to do dinner. I was told by many that the baked goods here were something…read morespecial and worth trying. Knowing me, I was most interested in the dessert, but we ended up dining here on a whim. We had really great service when we dined in. I ordered the oxtail soup because I hadn't had it before, which fulfills my rule of trying new foods when I can. It was tasty, with a unique spice blend reminiscent of other beef soups I've had in the past. However, I was particularly wowed however by the complementary bread and raspberry jam. Call me simple, but the bread was actually the star of the show for me, perfectly soft and buttery. The location in Waikiki is perhaps a clear reminder that it is a tourism city. The atmosphere is that of fine dining. Not a bad place to grab a meal when on vacation in Honolulu.

Claims to have "freshly baked" bread... they're made early in the morning, I wanna say around 6am…read moreand sell into the night until closing, which is 10pm. The management really sucks. Bad customer service. When you get there in a busy/rush hour, they expect you to grab a ticket but they barely use that thing. I waited with my family while the ladies behind the counter talk amongst themselves to finally notice us. Server Emily had a really bad attitude. She didn't even welcome us or greeted us when we walked in. Seems like they just hire anyone.. Rush hour is around 6pm-7pm. Not that busy. You usually see the same people everyday. Food at the restaurant... the prime rib isn't even a prime rib. New York and shrimp is too expensive for a very thin not deveined shrimps. I like my steak med rare but the last time I ordered it, they cooked it very medium well & so I got it taken back to the cook to get another one but a manager named Geraldine stepped in and said they'd have to charge me twice if I wanted another one. I'm a local and this was really unfortunate. Will never come back here due to the lack of customer service.

Photos
Dining area
Dining area
Steak and Eggs
Steak and Eggs
Inside view

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Inside view

Penny's Waikiki Malasadas - donuts - Updated July 2026

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