New property is company’s ninth in Hawaii, fourth in Waikoloa
WAIKOLOA, Hawaii -- (Business Wire)
Grand Vacations Inc. (NYSE: HGV) celebrates today the opening of
Ocean Tower by Hilton Grand Vacations Club with a traditional Hawaiian
blessing and ceremony. The resort is HGV’s fourth property in Waikoloa
and its first on Hawaii Island with direct oceanfront views.
This press release features multimedia. View the full release here:
Mark Wang, president and CEO, celebrates the grand opening of Ocean Tower with Hilton Grand Vacations’ leaders. (Photo: Hilton Grand Vacations)
Over the course of this multi-phase project, there will be approximately
350 units comprised of studios, one-, two- and three- bedroom suites
including upgraded penthouse residences. The project’s initial phase,
which is now complete, features 72 units consisting of 18 studios, 24
one-bedroom suites, 24 two-bedroom suites and six three-bedroom suites.
“We are thrilled to open this magnificent oceanfront resort in one of
the most beautiful destinations in the world,” says Mark Wang, president
and CEO of Hilton Grand Vacations. “Ocean Tower continues to showcase
our strong relationship with Hilton and Park Hotels & Resorts, marked by
our first property within the iconic Hilton Waikoloa Village. Our
expansion in Hawaii reflects our long-term commitment to providing a
lifetime of vacations for our owners and guests in their most
All completed suites offer resort or ocean views, and have a full
kitchen, private balcony, sleek walk-in shower with soaking tub and
spacious living and dining areas. A unique Hawaiian design is showcased
throughout the resort with textures and finishes that are native to the
Big Island’s rich, natural environment.
Amenities include a check-in and departure lounge and an exclusive
fitness center, which will be available in the near future. Owners and
guests will also have access to the amenities of the Hilton Waikoloa
Village, including three pools, a salt water lagoon, Dolphin Quest,
tennis courts, a tram and boat system, resort shops, restaurants and the
As part of HGV’s plan to grow its inventory in Hawaii, Ocean Tower
became its ninth property to open in Hawaii. Future openings are
targeted for Maui in 2021 and Waikiki in 2022. Other select properties
in HGV’s Hawaii portfolio include The Grand Islander by Hilton Grand
Vacations Club, Waikiki, which opened in 2017; Kings’ Land by Hilton
Grand Vacations Club (2008); Kohala Suites by Hilton Vacations Club
(2006) and The Bay Club at Waikoloa Beach Resort (1997).
Statements in this press release that are not historical facts may be
forward-looking statements. Forward-looking statements involve
substantial risks and uncertainties that could cause the outcome to be
materially different. Words such as “may,” “will,” “seeks,”
“anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,”
“would” or similar expressions indicate a forward-looking statement;
however, not all forward-looking statements include these identifying
words. Actual results may differ materially from those contemplated by
such forward-looking statements, including those set forth in the “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” sections of HGV’s most recent
Annual Report on Form 10-K and HGV’s most recent Form 10-Q; as such,
Risk Factors may be updated from time to time in subsequent reports.
Further, forward-looking statements speak only as of the date they are
made, and HGV undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results over time, except as required by law.
About Hilton Grand Vacations Inc.
Hilton Grand Vacations Inc. (NYSE: HGV) is recognized as a leading
global timeshare company. With headquarters in Orlando, Florida, HGV
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 300,000
club members. For more information, visit www.hgv.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20190207005883/en/
Source: Hilton Grand Vacations Inc.
© 2020 Canjex Publishing Ltd. All rights reserved.