HONOLULU–(BUSINESS WIRE)–Blackstone (NYSE:BX) today appear the development of a new 418-unit vacation buying belfry at Hilton Hawaiian Village Waikiki Beach Resort, creating added than one thousand jobs. An official groundbreaking commemoration apparent the architecture barrage of The Grand Islander by Hilton Grand Vacations Club®, slated for achievement in aboriginal 2017. A Blackstone-managed fund, Blackstone Absolute Acreage Partners VI, is accouterment the basic for this new tower. It has appointed Hilton Grand Vacations, the vacation buying analysis of Hilton Worldwide, to accommodate vacation buying sales and business services, resort operations, timeshare homeowners’ affiliation administration and accommodation servicing.
The 37-floor belfry will be complete adjoining to the Tapa Belfry forth Kalia Road and will action angle of the Pacific Ocean and actual admission to the sprawling 22-acre beach Hilton Hawaiian Village Beach Resort.
More than 3,000 bodies assignment throughout the Hilton Hawaiian Village campus in the auberge towers, vacation buying properties, restaurants and retail outlets. In the abbreviate term, the development of The Grand Islander will actualize hundreds added jobs in the architecture area and through affiliated suppliers, as able-bodied as added than 900 added jobs in operations, sales and business in the advancing years.
The acceptable Hawaiian absolution and commemoration was hosted by Tyler Henritze, Senior Managing Director at Blackstone; Mark Wang, Executive Vice President, All-around Sales and President, Hilton Grand Vacations for Hilton Worldwide; Jerry Gibson, Area Vice President for Hilton Hawaii; Honolulu Mayor Kirk Caldwell, and added bounded dignitaries.
“We are captivated to accomplice with Hilton Worldwide to accompany a new timeshare alms to the Hilton Hawaiian Village Beach Resort,” Tyler Henritze said. “Combined with the affection of the Hilton Grand Vacations Club artefact and the Hilton brand, this destination will accommodate a absurd vacation experience. We’re admiring that Blackstone’s advance will advice actualize hundreds of jobs for the community, in band with our continuing charge to Hawaii’s tourism economy.”
“It is our advantage to abide creating new buying opportunities for our acute audience with a amazing new Hilton Grand Vacations Club belfry in Hilton Hawaiian Village,” said Mark Wang. “This activity combines the industry-leading sales, business and administration ability of Hilton Grand Vacations with the accustomed development backbone of Blackstone, and builds aloft our history of cardinal collaboration.”
Hensel Phelps Architecture Aggregation has been appointed as the accepted contractor, Group 70 International, Inc. as the architect, and Indidesign retained for autogenous design. Rider Levett Bucknall will accommodate Activity Administration services, while Hilton Worldwide will act as the Development Manager.
The Grand Islander will become the fifth Hilton Grand Vacations Club on the Island of Oahu and will accompany the brand’s absolute cardinal of resorts in Hawaii to eight. Interval sales of The Grand Islander by Hilton Grand Vacations Club® are advancing to activate in abatement 2014 and nightly rental anxiety may be requested in aboriginal 2016 for stays in 2017.
The Grand Islander by Hilton Grand Vacations Club® will affection one-, two- and three-bedroom suites and penthouses, anniversary alms all-encompassing amenities including abounding kitchens, ample active and dining areas and clandestine bedrooms.
The development of The Grand Islander fulfills a key anniversary in the Master Plan for Hilton Hawaiian Village Waikiki Beach Resort, reinforcing Hilton Worldwide’s adherence to advancement Waikiki as one of the world’s arch biking destinations. For added than 50 years, Hilton Worldwide has remained committed to the accessory of the basic resort in Honolulu and the surrounding community.
Blackstone is a all-around baton in absolute acreage investing. Founded in 1991, Blackstone’s absolute acreage business is the better adept absolute acreage advance administrator in the world, with added than $81 billion in broker basic beneath management. Blackstone’s portfolio includes hotel, office, retail, automated and residential backdrop in the U.S., Europe and Asia. Major backing include: Hilton Worldwide, Disinterestedness Appointment Properties, Brixmor Property Group and London’s Broadgate appointment complex. Blackstone seeks to actualize absolute bread-and-butter appulse and abiding amount for its investors, the companies they advance in, the companies they admonish and the broader all-around economy. In accession to managing absolute acreage clandestine disinterestedness funds, our another asset administration businesses accommodate advance cartage focused on clandestine equity, barrier armamentarium solutions, non-investment cast credit, accessory funds, and multi asset chic exposures falling alfresco of added funds’ mandates. Blackstone additionally provides assorted banking advising services, including banking and cardinal advisory, restructuring and about-face advising and armamentarium adjustment services. Further advice is accessible at www.blackstone.com. Follow us on Cheep @Blackstone.
About Hilton Grand Vacations
Hilton Resorts Corporation, dba Hilton Grand Vacations, is a analysis of Hilton Worldwide, accustomed as the arch all-around accommodation company. Headquartered in Orlando, Florida, Hilton Grand Vacations develops, markets and operates a arrangement of cast name, high-quality vacation buying resorts in baddest vacation destinations. The aggregation additionally manages and operates two avant-garde club associates programs: Hilton Grand Vacations Club® and The Hilton Club®, accouterment absolute exchange, leisure travel, and catch casework for added than 215,000 Club Members. For added information, appointment hiltongrandvacations.com, hiltongrandvacationsmediacenter.com or affix at clubtraveler.com.
About Hilton Worldwide
Hilton Worldwide (NYSE: HLT) is a arch all-around accommodation company, spanning the abode area from affluence and full-service hotels and resorts to extended-stay suites and focused-service hotels. For 95 years, Hilton Worldwide has been committed to continuing its attitude of accouterment aberrant bedfellow experiences. The company’s portfolio of eleven world-class all-around brands is comprised of added than 4,100 managed, franchised, endemic and busy hotels and timeshare properties, with added than 685,000 apartment in 92 countries and territories, including Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The aggregation additionally manages an award-winning chump adherence program, Hilton HHonors®. Appointment www.hiltonworldwide.com for added advice and affix with Hilton Worldwide at www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, www.flickr.com/hiltonworldwide and www.linkedin.com/company/hilton-worldwide.
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