HONOLULU, HI—Blackstone plans to development anew 418-unit vacation ownership tower at Hilton HawaiianVillage Waikiki Beach Resort.
An official groundbreaking ceremony recently marked theconstruction launch of The Grand Islanderby Hilton Grand Vacations Club, slated forcompletion in early 2017. A Blackstone-managedfund, Blackstone Real Estate Partners VI, isproviding the capital for this new tower. It has appointed HiltonGrand Vacations, the vacation ownership division of HiltonWorldwide, to provide vacation ownership sales and marketingservices, resort operations, timeshare homeowners' associationmanagement and loan servicing.
The 37-floor tower will be constructed adjacent to theTapa Tower along Kalia Road and will offer viewsof the Pacific Ocean and immediate access to the sprawling 22-acreoceanfront Hilton Hawaiian Village Beach Resort.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
