Aqua Hospitality Continues Expansion in 2014- 5 Hotels in 5 Weeks
operating business of Interval Leisure Group, Inc. (Nasdaq: IILG), continues to expand at an unprecedented pace as five new hotels -totaling more than 850 rooms - join the collection over a five week period. Aqua has added three Hawaii properties and its first two hotels outside of Hawaii, bringing the company's portfolio to 29 hotels. On the heels of adding the five new properties, Aqua will work with hotel owners investing more than $60 million in renovation and refreshments to transform Aqua properties throughout 2014.
hotels," said Ben Rafter, Aqua Hospitality's president and CEO. "We continue to attract hotel owners who are motivated to enhance their properties because of Aqua's proven approach of ultimately increasing revenue. Our hotel owners recognize that we care what happens at the hotels and strive to increase the value of the assets."
The five new Aqua Hospitality properties include:
Luana Waikiki, Oahu
Luana Waikiki is an AAA three-diamond property with easy access to area beaches,
Hilo Naniloa Hotel, Hawaii Island
Hilo Naniloa Hotel is a 383-room hotel that provides beachfront accommodations forthose enjoying the Hawaii Volcanoes National Park and all that Hawaii Island has to offer. Formerly known as the Naniloa Volcanoes Resort, the property will undergo a major renovation and emerge as an environmentally friendly, marine art-themed vacation resort. Plans include transforming the hotel into a museum-like celebration of the marine life that makes Hawaii such a special place. A sculpture garden between the hotel and the beach will feature a bronze life-sized baby humpback whale whose spout blows like a geyser every hour. Hilo Naniloa Hotel, a LITE hotel, is located at 93 Banyan Drive.
Hokele Suites Waikiki, Oahu
Hokele Suites Waikiki is located just two blocks to world-famous Waikiki Beach and thearea's best shopping, dining and nightlife. The 104-room, 10-floor hotel features spacious studios, one-, two- and three-bedroom units each with full kitchens and inviting tropical décor. Rooms are pet-friendly and include a private lanai, air- conditioning, high-speed Internet access, refrigerator, microwave, stove and coffeemaker. Guests also enjoy on-site amenities including a central courtyard pool, restaurant and gift shop. Hokele Suites Waikiki, a LITE hotel, is located at 412 Lewers Street.
Beyond Hawaii - Guam
As part of Aqua's expansion outside of Hawaii, Aqua now manages two Guamproperties, one formerly operated as a Ramada and the other, as a Days Inn. The Ramada property has been renamed Aqua Suites Guam and has become part of the Aqua Hotels and Resorts brand, and The Days Inn property will continue to fly the Days Inn flag while being operated by Aqua Hospitality.
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About Aqua Hospitality®
From full-service resorts and stylish hotels to condominium resorts and comfortable budget properties in Hawaii, U.S. mainland, and Guam, Honolulu-based Aqua-Aston Hospitality manages more than 50 properties across five distinct brands designed to suit any lifestyle, taste or budget – Aston Hotels & Resorts; Aqua Hotels and Resorts; Instinct Hotel Collection; Lite Hotels; and Maui Condo & Home. Aqua-Aston Hospitality is an operating business of Interval Leisure Group, Inc. (NASDAQ:IILG), a leading global provider of non-traditional lodging, encompassing a portfolio of leisure businesses from exchange and vacation rental to vacation ownership.