{"id":1004097965,"date":"2014-06-07T20:53:00","date_gmt":"2014-06-08T04:53:00","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=267422"},"modified":"2021-05-14T16:19:24","modified_gmt":"2021-05-15T00:19:24","slug":"blackstone-hilton-launch-construction-of-timeshare-tower-at-hilton-hawaiian-village-waikiki","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-hilton-launch-construction-of-timeshare-tower-at-hilton-hawaiian-village-waikiki\/","title":{"rendered":"Blackstone, Hilton Launch Construction of Timeshare Tower at Hilton Hawaiian Village Waikiki"},"content":{"rendered":"

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\"\"<\/a>By Adriana Pop, Associate Editor <\/span><\/em><\/p>\n

Blackstone and Hilton Worldwide have celebrated the groundbreaking of a new 418-unit vacation ownership tower at Hilton Hawaiian Village Waikiki Beach Resort in Honolulu.<\/span> According to Hawaii News Now<\/a><\/em>, the 37-floor project entails an investment of $415 million.<\/p>\n

Upon completion in early 2017, The Grand Islander by Hilton Grand Vacations Club\u00ae will feature one-, two- and three-bedroom suites and penthouses, with views of the Pacific Ocean and extensive amenities including full kitchens, spacious living and dining areas, and private bedrooms. <\/span><\/p>\n

The Grand Islander tower rising next to the Tapa Tower along Kalia Road will also create hundreds of jobs in the construction sector and related industries, and more than 900 additional jobs in operations, sales and marketing. <\/span><\/span><\/p>\n

The project is being financed by Blackstone Real Estate Partners VI, a Blackstone-managed fund, while Hilton Grand Vacations, the vacation ownership division of Hilton Worldwide, will provide sales and marketing services, resort operations, timeshare homeowners\u2019 association management and loan servicing. <\/span><\/span><\/p>\n

\u201cWe are thrilled to partner with Hilton Worldwide to bring a new timeshare offering to the Hilton Hawaiian Village Beach Resort,\u201d Tyler Henritze, senior managing director at Blackstone, said in a prepared statement. \u201cCombined with the quality of the Hilton Grand Vacations Club product and the Hilton brand, this destination will provide a fantastic vacation experience. We\u2019re pleased that Blackstone\u2019s investment will help create hundreds of jobs for the community, in line with our continuing commitment to Hawaii\u2019s tourism economy.\u201d<\/span><\/p>\n

Hensel Phelps Construction Co. is the general contractor for the new development; Group 70 International Inc. is the architect, while Indidesign has been selected as interior designer. Project management services will be provided by Rider Levett Bucknall, while Hilton Worldwide will act as the development manager.<\/span><\/p>\n

Once fully operational, the resort will be the fifth Hilton Grand Vacations Club on the Island of Oahu, bringing the brand\u2019s total number of Hawaii properties to eight.<\/span><\/p>\n

In another recent announcement, Hilton Worldwide has also launched a boutique hotel brand named Curio<\/a><\/em>, which focuses on distinctive, independent four- to five-star lodging facilities.<\/span><\/p>\n

The first five properties included in the Curio collection are SLS Las Vegas Hotel & Casino; The Sam Houston Hotel in Houston; Hotel Alex Johnson in Rapid City, S.D.; The Franklin Hotel, Chapel Hill, N.C.; and a newly built project set for completion in late 2016 in Portland, Ore. <\/span><\/p>\n

Photo credit: www.hiltonhawaiianvillage.com<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Blackstone and Hilton Worldwide have celebrated the groundbreaking of a new 418-unit vacation ownership tower at Hilton Hawaiian Village Waikiki Beach Resort in Honolulu.<\/p>\n","protected":false},"author":1269,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1588,21742],"tags":[1815],"class_list":["post-1004097965","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest","tag-national"],"acf":[],"yoast_head":"\nBlackstone, Hilton Launch Construction of Timeshare Tower at Hilton Hawaiian Village Waikiki - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-hilton-launch-construction-of-timeshare-tower-at-hilton-hawaiian-village-waikiki\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone, Hilton Launch Construction of Timeshare Tower at Hilton Hawaiian Village Waikiki\" \/>\n<meta property=\"og:description\" content=\"Blackstone and Hilton Worldwide have celebrated the groundbreaking of a new 418-unit vacation ownership tower at Hilton Hawaiian Village Waikiki Beach Resort in Honolulu.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blackstone-hilton-launch-construction-of-timeshare-tower-at-hilton-hawaiian-village-waikiki\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-08T04:53:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T00:19:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/Alii-Tower-at-Hilton-Hawaiian-Village-Waikiki-Beach1.png\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blackstone-hilton-launch-construction-of-timeshare-tower-at-hilton-hawaiian-village-waikiki\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blackstone-hilton-launch-construction-of-timeshare-tower-at-hilton-hawaiian-village-waikiki\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Blackstone, Hilton Launch Construction of Timeshare Tower at Hilton Hawaiian Village Waikiki\",\"datePublished\":\"2014-06-08T04:53:00+00:00\",\"dateModified\":\"2021-05-15T00:19:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blackstone-hilton-launch-construction-of-timeshare-tower-at-hilton-hawaiian-village-waikiki\\\/\"},\"wordCount\":2864,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blackstone-hilton-launch-construction-of-timeshare-tower-at-hilton-hawaiian-village-waikiki\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/06\\\/Alii-Tower-at-Hilton-Hawaiian-Village-Waikiki-Beach1.png\",\"keywords\":[\"National\"],\"articleSection\":[\"Honolulu\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blackstone-hilton-launch-construction-of-timeshare-tower-at-hilton-hawaiian-village-waikiki\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blackstone-hilton-launch-construction-of-timeshare-tower-at-hilton-hawaiian-village-waikiki\\\/\",\"name\":\"Blackstone, Hilton Launch Construction of Timeshare Tower at Hilton Hawaiian Village Waikiki - 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