This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Blackstone And Hilton Worldwide Break Ground At Hilton Hawaiian Village Waikiki

Blackstone (NYSE:BX) today announced the development of a new 418-unit vacation ownership tower at Hilton Hawaiian Village Waikiki Beach Resort, creating more than one thousand jobs. An official groundbreaking ceremony marked the construction launch of The Grand Islander by Hilton Grand Vacations Club ®, slated for completion in early 2017. A Blackstone-managed fund, Blackstone Real Estate Partners VI, is providing the capital for this new tower. It has appointed Hilton Grand Vacations, the vacation ownership division of Hilton Worldwide, to provide vacation ownership sales and marketing services, resort operations, timeshare homeowners’ association management and loan servicing.

The 37-floor tower will be constructed adjacent to the Tapa Tower along Kalia Road and will offer views of the Pacific Ocean and immediate access to the sprawling 22-acre oceanfront Hilton Hawaiian Village Beach Resort.

More than 3,000 people work throughout the Hilton Hawaiian Village campus in the hotel towers, vacation ownership properties, restaurants and retail outlets. In the short term, the development of The Grand Islander will create hundreds more jobs in the construction sector and through affiliated suppliers, as well as more than 900 additional jobs in operations, sales and marketing in the coming years.

The traditional Hawaiian blessing and ceremony was hosted by Tyler Henritze, Senior Managing Director at Blackstone; Mark Wang, Executive Vice President, Global Sales and President, Hilton Grand Vacations for Hilton Worldwide; Jerry Gibson, Area Vice President for Hilton Hawaii; Honolulu Mayor Kirk Caldwell, and other local dignitaries.

“We are thrilled to partner with Hilton Worldwide to bring a new timeshare offering to the Hilton Hawaiian Village Beach Resort,” Tyler Henritze said. “Combined with the quality of the Hilton Grand Vacations Club product and the Hilton brand, this destination will provide a fantastic vacation experience. We’re pleased that Blackstone’s investment will help create hundreds of jobs for the community, in line with our continuing commitment to Hawaii’s tourism economy.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs