Hy’s Steak House turns 50 this week, and it is celebrating the way we wish more restaurants would: a filet mignon for $50. It runs nightly through Tuesday, November 17, 2026, and only the first 50 each evening get it. We have eaten the regular steak at Hy’s before, so our first reaction was simply to look up what the filet costs the rest of the year. The answer is $89.
What happened
Hy’s opened on Kūhiō Avenue in 1976. Aloha State Daily reported on November 11 that the restaurant is marking the anniversary with a weeklong promotion, and Hy’s own 50th anniversary page lays out two ways to order it:
- Filet Mignon, $50: roasted brussels sprouts, pancetta, balsamic red wine reduction, creamy gorgonzola sauce, and your choice of starch.
- Anniversary prix fixe, $125 (excluding tax and gratuity): caviar vol au vents to start, French onion soup, Hy’s Caesar salad, the same filet, and a Banana Fosters flambé to finish.
Executive chef Brandon Bernal told Aloha State Daily that the team “wanted to play into the 50th anniversary — hence the price — and also the amount that we will be serving each night.” He also said the soup, the Caesar and the flambé “have remained unchanged throughout Hy’s history,” and that the Caesar and the dessert are made tableside. According to the same article, other anniversary promotions will run through the year, including limited-time returns of dishes that were phased out over time. No dates or dishes are named yet.
What it changes for a Waikiki stay
Mostly, it changes the price of a steak dinner for one week. Here is the official menu, checked November 13, 2026:
| Regular dinner menu | Anniversary week | |
|---|---|---|
| Filet mignon | $89 (7 oz) | $50 (weight not listed) |
| French onion soup | $20 | in the $125 menu |
| Hy’s Caesar salad | $46 (serves two) | in the $125 menu |
| Bananas Foster flambé | $25 (dessert menu) | in the $125 menu |
Two things in that table are worth reading slowly. First, the anniversary filet is not described as the regular 7 oz cut, and the plate comes with its own sides, so think of it as a different dish at a lower price, not $39 off the same thing. Second, the regular dinner steaks come with vegetable of the day and a starch, while this one comes with brussels sprouts and pancetta plus a starch.
For two people, the math is easy to lay out. Two filets are $100. Two prix fixe menus are $250. The $150 between them buys the caviar bite, soup, Caesar and flambé for each of you. At regular prices, two soups ($40) and one Caesar for two ($46) already come to $86 before dessert. Hy’s menu page adds Hawaiʻi state tax at 4.712% on top, so $100 in filets is about $104.71 before drinks and tip.
The cap is the other thing to plan around, and Hy’s words it two ways. The text on the anniversary page says “available to the first 50 orders each evening,” while the line by the reservation button says “LIMITED TO 50 BOOKINGS EACH EVENING FROM NOVEMBER 11 - 17, 2026.” Neither one says whether the $125 menu counts toward the 50, or whether walk-ins can get the filet once the bookings are gone.
What we would do
We would book, not walk in. With the limit written as bookings, a reservation is the closest thing to a guarantee, and we would say at booking that we want the anniversary filet.
We would take the earliest table. Dinner starts at 5:00 pm, which is already late in our day; we start drinking mid-afternoon and are in for the night not long after dark. A 5:00 table also puts us early in line for the first 50 orders. And it means we can be back in the room early with a bottle of wine we bought at the grocery store.
We would order the filet, not the course. One filet each and a glass of wine each is a steak dinner that does not take over the evening. We do not usually order dessert, so most of the $150 difference goes to food we would not finish. If you want the soup, the salad and the flambé made at your table, the prix fixe is the better buy. At regular prices the soup and salad alone come close to covering the difference.
We would not need a car. Hy’s is on Kūhiō Avenue in Waikiki, and we would walk there. Hy’s lists complimentary valet parking, so if you are staying outside Waikiki and driving in, parking is free.
We would pack the shoes. Hy’s policies page requires collared shirts and closed-toe shoes for men and bans flip-flops, and it says management can refuse service regardless of reservation status. We learned that at the host stand in 2017, which is in our Hy’s dress code and happy hour guide. For how Hy’s compares with the other big Waikiki steakhouses, see our steakhouse dress code rundown.
One more number from our own history: when we came back for the actual steak in May 2018, the 7 oz filet was $53. Today it is $89. This week, $50 gets you a filet plate again, for a few nights.
Before you plan around this
- The dates are short. November 11 to 17, 2026, by both Hy’s and Aloha State Daily. After Tuesday the regular menu applies.
- The cap is unclear. The page says both “first 50 orders” and “50 bookings.” Call (808) 922-5555 or email [email protected] if your evening depends on it.
- Happy hour is a separate question. The site does not say whether the $50 filet can be ordered in the bar and lounge during the 5:00 to 6:30 pm happy hour (last seating).
- Hours. Hy’s lists last seating at 8:30 pm Monday through Thursday and 9:30 pm Friday through Sunday, starting at 5:00 pm.
- Weight. Hy’s does not list the weight of the anniversary filet.
- Everything can change. The page notes “Menu Subject to Change” for its legacy menu, and prices here were checked on November 13, 2026. Re-check the anniversary page before you book.
Hy’s is also running a photo giveaway through November 2027: 13 monthly drawings for a Legacy Menu for Two with a pairing, valued by Hy’s at about $380, open to public Instagram posts tagged #HYS50. Food-only photos do not count, so it is pictures of people at Hy’s. The official rules are on the same page.
The details
- Hy’s Steak House Waikiki, 2440 Kūhiō Ave., Honolulu, HI 96815
- (808) 922-5555, [email protected]
- Dinner from 5:00 pm nightly; complimentary valet parking
- Anniversary offer: November 11 to 17, 2026. Official page: hyswaikiki.com/hys50
A $50 steak in Waikiki for one week. Book the 5:00 pm table and bring proper shoes.
