March 17, 2017 – Hilton Grand Vacations Inc. (NYSE:HGV) announces the opening of The Grand Islander by Hilton Grand Vacations Club, the company’s newest timeshare tower in Waikiki. The Grand Islander is the fifth HGV property on the island of Oahu and eighth in Hawaii.
“The Grand Islander provides an elevated vacation experience in one of the most sought after destinations in the world,” said Mark Wang, president and CEO of HGV. “Our expansion in Hawaii is reflective of our dedication to providing our owners and guests with new properties where they want to travel.”
The 38-story tower is situated along one of Waikiki’s most desirable stretches of coastline and provides a gateway to the amenities, dining and entertainment of the world-famous Hilton Hawaiian Village Waikiki Beach Resort. The Grand Islander offers oceanfront and island views and is comprised of 418 elegantly appointed one-, two- and three-bedroom suites and luxurious two- and three-bedroom penthouses complete with full kitchens, private balconies, and spacious living and dining areas.
Blackstone, the developer of the project, broke ground on construction of The Grand Islander on June 3, 2014. A Blackstone-managed fund, Blackstone Real Estate Partners VI, provided the capital for the new tower and appointed Hilton Grand Vacations to provide vacation ownership sales and marketing services, resort operations, timeshare homeowners’ association management and loan servicing.
“The start of sales for The Grand Islander roughly two years ago was the most successful launch of a new timeshare project in our company’s history, which signifies the current strength of Hawai‘i’s visitor industry and speaks to the continued demand for the destination from our HGV members,” said Wang.
The Grand Islander exudes modern Hawaiian charm, with décor rich in local colors, textures and designs to complement Oahu’s natural beauty. The property features a curated artwork program highlighting local Hawaii artists and photographers, and utilizes locally sourced materials throughout its interior, including specially carved wood and artistic metal accents. Each unit incorporates custom-made pieces as well, including murals, textiles, area rugs, furnishings, lighting and mirrors.
In addition to an exclusive outdoor mini-pool, whirlpool and sundeck, owners and guests have access to all amenities of the Hilton Hawaiian Village including four pools and the Mandara Spa & Fitness Center. The resort also offers numerous outdoor activities and more than 90 shops and services and 20 restaurants, lounges and bars.
About Hilton Grand Vacations Inc.
Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global timeshare company. With headquarters in Orlando, Fla., Hilton Grand Vacations develops, markets and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. The Company also manages and operates two innovative club membership programs: Hilton Grand Vacations Club® and The Hilton Club®, providing exclusive exchange, leisure travel and reservation services for more than 260,000 Club Members. For more information, visit www.hgv.com and www.hiltongrandvacations.com.