Hilton Grand Vacations Opens Ocean Tower by Hilton Grand Vacations Club
New property is company’s ninth in Hawaii, fourth in Waikoloa
Hilton Grand Vacations Inc. (NYSE: HGV) celebrates today the opening of Ocean Tower by Hilton Grand Vacations Club with a
traditional Hawaiian blessing and ceremony. The resort is HGV’s fourth property in Waikoloa and its first on Hawaii Island with
direct oceanfront views.
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Mark Wang, president and CEO, celebrates the grand opening of Ocean Tower with Hilton Grand Vacations’ leaders.
(Photo: Hilton Grand Vacations)
Over the course of this multi-phase project, there will be approximately 350 units comprised of studios, one-, two- and three-
bedroom suites including upgraded penthouse residences. The project’s initial phase, which is now complete, features 72 units
consisting of 18 studios, 24 one-bedroom suites, 24 two-bedroom suites and six three-bedroom suites.
“We are thrilled to open this magnificent oceanfront resort in one of the most beautiful destinations in the world,” says Mark
Wang, president and CEO of Hilton Grand Vacations. “Ocean Tower continues to showcase our strong relationship with Hilton and Park
Hotels & Resorts, marked by our first property within the iconic Hilton Waikoloa Village. Our expansion in Hawaii reflects our
long-term commitment to providing a lifetime of vacations for our owners and guests in their most sought-after destinations.”
All completed suites offer resort or ocean views, and have a full kitchen, private balcony, sleek walk-in shower with soaking
tub and spacious living and dining areas. A unique Hawaiian design is showcased throughout the resort with textures and finishes
that are native to the Big Island’s rich, natural environment.
Amenities include a check-in and departure lounge and an exclusive fitness center, which will be available in the near future.
Owners and guests will also have access to the amenities of the Hilton Waikoloa Village, including three pools, a salt water
lagoon, Dolphin Quest, tennis courts, a tram and boat system, resort shops, restaurants and the Kohala Spa.
As part of HGV’s plan to grow its inventory in Hawaii, Ocean Tower became its ninth property to open in Hawaii. Future openings
are targeted for Maui in 2021 and Waikiki in 2022. Other select properties in HGV’s Hawaii portfolio include The Grand
Islander by Hilton Grand Vacations Club, Waikiki, which opened in 2017; Kings’ Land by Hilton Grand Vacations Club (2008); Kohala
Suites by Hilton Vacations Club (2006) and The Bay Club at Waikoloa Beach Resort (1997).
Forward-Looking Statements
Statements in this press release that are not historical facts may be forward-looking statements. Forward-looking statements
involve substantial risks and uncertainties that could cause the outcome to be materially different. Words such as “may,” “will,”
“seeks,” “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “would” or similar expressions indicate a
forward-looking statement; however, not all forward-looking statements include these identifying words. Actual results may differ
materially from those contemplated by such forward-looking statements, including those set forth in the “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of HGV’s most recent Annual Report
on Form 10-K and HGV’s most recent Form 10-Q; as such, Risk Factors may be updated from time to time in subsequent reports.
Further, forward-looking statements speak only as of the date they are made, and HGV undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating
results over time, except as required by law.
About Hilton Grand Vacations Inc.
Hilton Grand Vacations Inc. (NYSE: HGV) is recognized as a leading global timeshare company. With headquarters in Orlando,
Florida, HGV develops, markets and operates a system of brand-name, high-quality vacation ownership resorts in select vacation
destinations. The company also manages and operates two innovative club membership programs: Hilton Grand Vacations Club® and The
Hilton Club®, providing exclusive exchange, leisure travel and reservation services for more than 300,000 club members. For more
information, visit
www.hgv.com and
www.hiltongrandvacations.com.
Megumi Haubner
808-846-6028
megumi.haubner@hgv.com
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