Hilton Grand Vacations Begins Sales for Ka Haku, a Hilton Club With Opening Expected in 2026

HONOLULU (Nov. 13, 2024) – Hilton Grand Vacations Inc. (NYSE: HGV), the premier vacation ownership and experiences company, has launched sales for Ka Haku, a Hilton Club. Located in the heart of Waikīkī at the former King’s Village site, the new timeshare property will create 213 new studio, one-, two-, and three-bedroom suites featuring expansive ocean, mountain and city views. The 32-story resort will be Hilton Grand Vacations’ 14th resort in the state and the first Hilton Club in Hawai‘i, offering members a modern, elevated urban retreat. ​ 

“As our seventh property in Waikīkī, Ka Haku further demonstrates our deep aloha for and investment in Hawaiʻi,” says Mark Wang, CEO of Hilton Grand Vacations. “We’re energized by the opportunity to help reshape the future of tourism with our properties, and we look forward to continuing to work with our local partners and experts to create projects that benefit their communities”

Named in honor of Prince Albert Kamehameha, the last heir to the Kingdom of Hawaiʻi, Ka Haku means Prince of Hawaiʻi. Inspired by the cultural heritage, energy and beauty of Waikīkī, Ka Haku was designed to blend traditional and modern elements that celebrate island living. Resort-style amenities, including a private arrival and departure lounge, state-of-the-art fitness center, pool and pool bar, will complement the spacious accommodations. The timeshare property will also be home to Waikīkī’s public Japanese-style bath and bring new ground-floor retail and dining to the area. 

Situated steps from iconic landmarks, such as Waikīkī Beach, International Marketplace and Royal Hawaiian Shopping Center, Ka Haku will bring public improvements to the surrounding area. Kaiulani Avenue will become a two-way road from Kalakaua Avenue to Koa Avenue, enhancing the driver and pedestrian experience. In addition to new shopping and dining options, the perimeter of the resort will include a public pocket park on Prince Edwards Street, adding open green space to the neighborhood. HGV will also dedicate a $1 million fund for community benefits, to be used by the discretion of the Honolulu City Council. 

As part of HGV’s commitment to the communities in which it operates, the company will make a donation to the Waikīkī Community Center for every Ka Haku sale. As a result, over the next year, sales are expected to generate approximately $10,000 for the nonprofit. That’s in addition to the $10,000 HGV has already committed to the Waikīkī Community Center in 2024.

After purchasing the property in 2018, Hilton Grand Vacations briefly paused development during the COVID-19 pandemic. Construction resumed in the fourth quarter of 2023, and the resort is expected to open by the summer of 2026. 

Timeshares provide a unique ownership model that allows guests to return for extended stays each year, unlike traditional hotel vacations. In 2019, Hawai‘i’s timeshare industry contributed $943 million in visitor spending statewide, with members who typically have an average net worth of $1.1 million, spending about $4,300 per stay. This economic impact supports over 540 local businesses, creates nearly 1,700 jobs, and generates more than $50 million in annual taxes.

For more information about Ka Haku and Hilton Grand Vacations contact 844-713-2081 or vacationhawaii@hgv.com. 

Media Kit (Courtesy of Hilton Grand Vacations)

Important Notice

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements convey management’s expectations as to the future of HGV, and are based on management’s beliefs, expectations, assumptions and such plans, estimates, projections and other information available to management at the time HGV makes such statements. Forward-looking statements include all statements that are not historical facts, and may be identified by terminology such as the words “outlook,” “believe,” “expect,” “potential,” “goal,” “continues,” “may,” “will,” “should,” “could,” “would,” “seeks,” “approximately,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “future,” “guidance,” “target,” or the negative version of these words or other comparable words, although not all forward-looking statements may contain such words. The forward-looking statements contained in this press release include statements related to HGV’s revenues, earnings, taxes, cash flow and related financial and operating measures, and expectations with respect to future operating, financial and business performance and other anticipated future events and expectations that are not historical facts. HGV cautions you that our forward-looking statements involve known and unknown risks, uncertainties and other factors, including those that are beyond HGV’s control, which may cause the actual results, performance or achievements to be materially different from the future results. Any one or more of these risks or uncertainties could adversely impact HGV’s operations, revenue, operating profits and margins, key business operational metrics, financial condition or credit rating. For a more detailed discussion of these factors, see the information under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in HGV’s most recent Annual Report on Form 10-K, which may be supplemented and updated by the risk factors in HGV’s quarterly reports, current reports and other filings HGV makes with the SEC. HGV’s forward-looking statements speak only as of the date of this communication or as of the date they are made. HGV disclaims any intent or obligation to update any “forward-looking statement” made in this communication to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

About Hilton Grand Vacations Inc.

Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global timeshare company and is the exclusive vacation ownership partner of Hilton. With headquarters in Orlando, Florida, Hilton Grand Vacations develops, markets, and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. Hilton Grand Vacations has a reputation for delivering a consistently exceptional standard of service, and unforgettable vacation experiences for guests and approximately 720,000 Club Members. Membership with the Company provides best-in-class programs, exclusive services and maximum flexibility for our Members around the world. 

For more information, visit www.corporate.hgv.com. Follow us on Instagram, Facebook, LinkedIn, X (formerly Twitter), Pinterest and YouTube. 

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