On May 27, Outrigger Enterprises Group announced the sale of its Ohana Islander Waikiki Hotel to Hilton Grand Vacations Club, outlining Hilton’s plan to transform the property into an upscale, urban timeshare resort.

“We are excited to build upon the tremendous success of our three Hilton Grand Vacations Club locations at Hilton Hawaiian Village Beach Resort & Spa,” Mark Wang, president of Hilton Grand Vacations, said in a statement. “We’re eager to transform the Ohana Islander Waikiki Hotel into a sophisticated, urban Club property. We are confident that our collaboration with Outrigger Enterprises Group will provide a tremendous vacation experience for our timeshare owners and guests.”

According to Hilton officials, work on an extensive renovation will begin later this year, and the first guests of the upgraded property’s 143 luxury, one-bedroom suites are likely to arrive during summer 2013.

Hilton will manage the sales and marketing of the timeshare units while Outrigger will handle day-to-day property management. Sales of the timeshare intervals are slated to begin next summer.
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