An extensive renovation of six floors of the Kalia Tower will transform 138 hotel rooms into 72 luxurious studio suite and one-bedroom condominium-style accommodations. The units are designed to incorporate a casually elegant decor, and will feature panoramic Mauka (mountain) or Maika (ocean) views.

"Since the January 2001 debut of our first project at the Hilton Hawaiian Village, we have received a spectacular response to the Hilton style of vacation ownership in Hawaii," said Antoine Dagot, president and chief executive officer of Hilton Grand Vacations Company. "We have worked closely with our colleagues at Hilton Hotels Corporation to integrate vacation ownership accommodations into the overall renovation strategy for the Kalia Tower, and the results are extraordinary. We are pleased to expand the prominent presence of HGVClub on the Island of Oahu, and look forward to welcoming an ever-growing number of Member families to enjoy the unsurpassed Waikiki beachfront and spectacular setting of the Hilton Hawaiian Village Beach Resort and Spa."

Guests of the Hilton Hawaiian Village Beach Resort and Spa enjoy Waikiki's best white-sand beach and an extensive variety of restaurants, entertainment venues, world-class shopping and recreational amenities.

Hilton Grand Vacations Company, LLC is a division of Hilton Hotels Corporation [NYSE: HLT] , recognized internationally as a preeminent hospitality company. Headquartered in Orlando, Fla., HGVC develops, markets and operates a system of high-quality vacation ownership resorts in select vacation destinations. The company also operates two innovative club membership programs, Hilton Grand Vacations Club® and The Hilton Club(TM), providing exclusive exchange, leisure travel and reservation services for more than 63,000 combined Club Members.