Hilton Grand Vacations Acquires OHANA Islander Waikiki Hotel from Outrigger Enterprises Group

Strategic Insights -

Hilton Grand Vacations, a division of Hilton Worldwide, has announced the acquisition of the OHANA Islander Waikiki Hotel from Outrigger Enterprises Group. The hotel, situated at 270 Lewers Street in Honolulu, Hawaii, will undergo a renovation to become Hilton Grand Vacations Club - Waikiki Beach Walk, an upscale urban timeshare resort. This new project will mark the seventh Hilton Grand Vacations Club affiliated resort in Hawaii, further expanding the brand's presence in the state. The resort will feature 143 luxurious one-bedroom vacation ownership suites and an array of upscale amenities, including access to the vibrant Outrigger Waikiki Beach Walk development.

Key Takeaways:

  • Hilton Grand Vacations has acquired the OHANA Islander Waikiki Hotel from Outrigger Enterprises Group for a new project, marking the seventh Hilton Grand Vacations Club affiliated resort in Hawaii.
  • The resort will undergo a renovation to become Hilton Grand Vacations Club - Waikiki Beach Walk, an upscale urban timeshare resort.
  • The property will feature 143 luxurious one-bedroom vacation ownership suites and access to the Outrigger Waikiki Beach Walk development.
  • Local architecture and interior design firms will be selected to lead the design efforts, with renovations slated to begin in the summer of 2012.
  • The resort is expected to open in summer 2013, offering opportunities for interval sales and management services.
  • The project is part of Hilton Grand Vacations' efforts to expand its brand presence in Hawaii, while Outrigger Enterprises Group will continue to manage the property and provide onsite property management services.
  • The acquisition aligns with Outrigger's "Many Brands, One Ohana" strategy, which aims to manage multiple hospitality brands.

Statistics:

  • 143 one-bedroom vacation ownership suites will be available.
  • The resort will have access to the Outrigger Waikiki Beach Walk development.
  • The renovation is expected to be completed by summer 2013.
  • Interval sales of Hilton Grand Vacations Club - Waikiki Beach Walk are anticipated to begin in the summer of 2012.
  • The resort will operate as the seventh Hilton Grand Vacations Club affiliated resort in Hawaii.

Sources:

  • "Hilton Grand Vacations Acquires OHANA Islander Waikiki Hotel from Outrigger Enterprises Group" (Business Wire, May 27, 2011)
  • "Hilton Grand Vacations" (Company website, accessed May 27, 2011)
  • "Outrigger Enterprises Group" (Company website, accessed May 27, 2011)
  • "About Waikiki Beach Walk" (Outrigger Enterprises Group website, accessed May 27, 2011)