|ORLANDO, Fla - June 15, 1999--Hilton Grand Vacations Co. (HGVC)
has announced plans to develop a 245-unit vacation ownership resort at
the Hilton Hawaiian Village on Waikiki's Best Beach in Honolulu.
The property, slated to open in the first quarter of 2001, becomes the
21st vacation ownership property in the HGVC resort portfolio. Sales of
the resort vacation intervals will commence in the first quarter of the
"We are delighted to enhance the HGVC collection of resorts with a prominent
new presence in Hawaii," said Don Harrill, chief executive of Hilton Grand
Vacations. "The unsurpassed Waikiki beachfront and the spectacular setting
of the 20-acre Hilton Hawaiian Village provide an ideal location for the
resort. We look forward to welcoming a growing family of Hilton Grand Vacations
Club Members to the island of Oahu."
resort will feature one, two, and three-bedroom villas, as well as bi-level
penthouse units. In keeping with the HGVC style of accommodations, each
villa will feature a fully equipped kitchen, spacious living and dining
areas, and panoramic views of the beachfront, harbor, and Diamond Head.
Resort guests will also enjoy immediate access to Waikiki's best white-sand
beach, and the extensive variety of restaurants, entertainment venues,
world-class shopping, and recreational amenities of the Hilton Hawaiian
Hilton Grand Vacations is a wholly owned subsidiary of Hilton Hotels
Corp. (HHC), recognized internationally as a preeminent hospitality company.
With headquarters in Orlando, HGVC develops, markets and operates a system
of brand-name, high-quality vacation ownership resorts in select vacation
destinations. The company also operates an innovative club membership program,
Hilton Grand Vacations Club(r) (HGVClub(r)), providing exclusive exchange,
leisure travel and reservation services for more than 22,000 HGVClub Members.