This Polynesian themed bar and restaurant was located within The Oaks hotel. The Oaks was a family business -- apparently two large 3-story houses joined together in the middle -- and resembling a boutique Bed and Breakfast -- but was gradually developed into a larger construction.
Olu Oaksu was a single room within the hotel -- it had lava stone walls, spears, masks, and other decorations and apparently was considered quite swanky when it opened.
Their menu logo was taken directly from the Kon-Tiki Montreal menu cover Tiki from 1958 -- a popular image later used by the Tiki-Ti in Hollywood and a few others.
Also about 1958, The Oaks started accepting long-term guests and this signaled a decline.
The property was sold a few years later, and leveled, and in 1962 the site welcomed a new Travelodge motel. Sometime in the 80s or 90s, the Travelodge was re-named as the River Inn, which later devolved and became a crash pad for drug users and an eyesore for the neighborhood.
The River Inn was then torn down in 2013 and a few years later the property was turned into a Pride Convenience Store location.