Hilton Grand Vacations Inc. will soon add a new property to its offerings in Hawaii. The global timeshare company announced plans for the development of Maui Bay Villas by Hilton Grand Vacations, a 388-key vacation ownership resort.
Currently, HGV maintains nine properties in Hawaii, but with Maui Bay Villas, the company will be entering new territory—literally. The project will mark HGV’s debut on the island of Maui. “Our customers consistently rank Maui as one of their top requests for expanding our portfolio of resorts,” Mark Wang, CEO of Hilton Grand Vacations Inc., said in a prepared statement.
Maui Bay Villas will feature units ranging in size from one- to three-bedrooms in several four-story buildings spanning 27 acres. The resort, which will sit along 740 feet of beach frontage, will also offer such amenities as an oceanfront beach club and open-lawn recreational space totaling roughly 15 acres.
HGV plans to make 131 units at Maui Bay Villas available as part of the project’s first phase, which is on track to reach completion in the first quarter of 2021.
HGV, which became a standalone business following its spinoff from Hilton Worldwide in early 2017, is in growth mode in Hawaii. In 2018, the company completed one phase of the Ocean Tower by Hilton Grand Vacations in Waikoloa and purchased a 1-acre site in the Waikiki area for the development of a 191-key high-rise resort.
Hawaii’s vacation ownership sector is faring well. According to a report by the Hawaii Tourism Authority, timeshare properties recorded an average occupancy rate of 90.1 percent statewide in the third quarter of 2018, while hotel properties across Hawaii saw an average occupancy of 79.7 percent.
Image courtesy of Hilton Grand Vacations