POSTED: 1:30 a.m. HST, Nov 2, 2012
Hilton Grand Vacations has begun converting a former Outrigger hotel in Waikiki into a time-share property, Hilton's seventh in Hawaii.
The resort at 2181 Kalakaua Ave. will be known as Hokulani Waikiki. Sales of part ownership in the property's 143 one-bedroom suites began Thursday in anticipation that the time-share resort, which was formerly the Ohana Islander Waikiki, will open in late 2013.
Outrigger, which closed the Ohana Islander Waikiki in 2008 and sold it to HGV in 2011, will manage HGV's newest time share.
"Outrigger has a substantial operating presence in that area, which will provide great efficiencies for Hokulani Waikiki," said Bryan Klum, executive vice president of Hilton Grand Vacations, Asia/Pacific. "Also, Hilton has an established and successful relationship working with Outrigger at the Embassy Suites Waikiki next door."
HGV has commissioned Honolulu-based Group 70 International to design its newest 14-story resort, which has a contemporary Hawaii theme complete with an open-air lobby and a rooftop viewing deck with pool lounge, bar and private cabanas. Los Angeles-based studio Indidesign will oversee the interior design.
Hokulani Waikiki, which is adjacent to Lewers Street, will provide guests with immediate access to Waikiki Beach Walk's shopping, dining and entertainment choices, Klum said.
"We believe demand will be evenly split between domestic and international buyers. We feel the product will appeal primarily to active customers in their 30s and 40s, seeking a vibrant, urban experience in Waikiki," he said.
Prices for weeklong intervals at the Hokulani Waikiki will start at $24,100, which is less than at the Grand Waikikian, Klum said.
"(It) fulfills an important need we have in our current Hawaii portfolio, both in terms of price and product type," he said.
HGV also operates time shares at the Hilton Hawaiian Village, including the Lagoon Tower, Kalia Tower and Grand Waikikian. Its Hawaii island time shares include the Kohala Suites, Bay Club and Kings' Land.