HGVC recently announced their purchase of a 1 acre property that includes King’s Village, Hale Waikiki Hotel, and Prince Edwards Apartments. The purchase of this 32-story tower building makes this their 6th property in Honolulu.
Recent reports show timeshare occupancy rates being high at 90% in the existing Honolulu properties and increased interest is expected to come from both domestic and Japanese owners. The new resort will join the recent opening of the Grand Islander resort in March of 2017 to give Hilton Grand Vacation Club over 1,400 units on the island.
HGVC President and CEO Mark Wang stated:
“Building on our local development history that started with the Lagoon Tower in 2000, our latest project in Waikiki will assure that HGV continues to offer lifetime vacation experiences to our next generation of owners. We’re also excited that this project will be the first Hawaii location for our Hilton Club, which offers premium levels of design and amenities.”
The property will consist of 191 units ranging from studios to three-bedroom suites. The resort will boast a fitness center, pool, owner’s lounge, and a business center, and some rooms will have gorgeous ocean views.
Construction of the new resort is expected to being in the second quarter of 2019, and sales will begin in 2020.
If you’re interested in getting more information about this resort and other Hilton Grand Vacations timeshare resort developments, feel free to visit their official website.