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  Oaktree Capital Undertaking Comprehensive Renovation 
at the Hilton at Turtle Bay Resort, Oahu

 
HONOLULU - May 7, 2001-- Renovation plans for Hilton at Turtle Bay Resort on Oahu�s scenic North Shore are progressing as scheduled. 

In November 2000, the 485-room oceanfront resort began a multimillion-dollar renovation to the facade of the main building.

Estimated completion of the exterior project is on target for late August. 

Plans are proceeding to refurbish the resort�s guestrooms, said Peter H. Schall, senior vice president - Hawaii Region, Hilton Hotels Corp. The owner of Turtle Bay Resort, Oaktree Capital Management, is committed to enhancing the resort and subsequently restoring it to a four-star-plus quality property. 

Architects Hawaii has been retained for the redesign of the public space. Michael Smith and Ginsler Design and Architects will be responsible for the guestroom interiors. 

�These are exciting times for Hilton at Turtle Bay,� said Schall. 

Oaktree Capital is focused on strengthening the overall resort image, and the comprehensive renovation to the hotel and golf facility will enhance the appeal of the North Shore destination. 

In addition to the enhancement projects, it was announced earlier this month that for the first time since 1992, the Senior PGA Tour will return to the island of Oahu, formerly held on the island of Maui. The Turtle Bay Resort will host the inaugural Turtle Bay Championship from Oct. 1-8, 2001. 

The Palmer Course at Turtle Bay Resort�formerly the Links at Kuilima and ranked eighth in the State of Hawaii by Golf Digest� will provide challenging play for this annual tournament. In further preparation for the golf event, there are extensive renovations in progress to reopen the back nine of the Fazio Course at Turtle Bay Resort, formerly the Turtle Bay Course. It has been named after George Fazio, who originally designed the course. 

The Hilton at Turtle Bay is a complete destination resort offering 485 rooms with spectacular views of the Pacific Ocean; secluded beaches with private coves; 36 holes of championship golf, upon completion of the renovation in October 2001; 10 tennis courts; an equestrian center; hiking trails; two swimming pools; and Hawaiian cultural activities. 

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Contact:
Hilton at Turtle Bay Resort
Bernie Caalim-Polanzi, 808/947-7817
Sheree Moffat, 808/293-8811
http://www.hilton.com

Also See Oaktree Capital Management and Hostmark Turnaround the Lake Lawn Resort in Delavan, Wisconsin / Sept 1999


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