Hilton Grand Vacations' $490 million, 32-story timeshare high-rise in Waikiki is nearing completion, marking a significant development in Honolulu's hospitality landscape after over a decade of uncertainties. The project, located on the former King’s Village site, signals renewed confidence in Oahu's tourism and real estate sectors, offering potential opportunities for local businesses and investors. The original target opening date in late 2022 was stalled due to the COVID-19 pandemic, but construction resumed in late 2023 according to Pacific Business News.
The new tower, named Ka Haku, a Hilton Club, is expected to open by the summer of 2026. This project exemplifies the ongoing trend of major renovations and new developments in Waikiki, as other properties such as the Moana Surfrider are undertaking extensive upgrades. The project signifies a boost in the timeshare market and a sign of recovery and increasing tourist arrivals by the summer of 2026. This influx of new units also presents opportunities for local contractors, suppliers, and service providers, adding to the economic momentum.
The construction of Ka Haku is a key indicator of the future of real estate and accommodations in Honolulu. With 213 units planned, including studios, suites, and penthouse options, the high-rise should attract a diverse range of visitors. The project's scale and location reflect Waikiki's ongoing appeal as a top destination. This underscores the area's resilience and its capacity to rebound from economic challenges.
Furthermore, this development arrives amid a flurry of other real estate activities, including new condominium developments. Hawaii News Now reported on a new condominium development in Kapiolani, which is also a signal that the real estate market is flourishing. These projects collectively help diversify the real estate offerings available. This development and others in Waikiki are likely to rejuvenate the local economy and create a positive ripple effect throughout the community.
