- Joined
- Aug 20, 2006
- Messages
- 2,212
- Reaction score
- 442
- Points
- 443
- Location
- Chicagoland
- Resorts Owned
- HGVC
Do the studios have a kitchen sink like HHV Lagoon Tower or not?
Nice. I thought you got a single unit.
Was at HWV today. I was offered a presentation of the Ocean tower and I told him I was already a "resale" owner. I told the sales rep, "you guys don't like me". He laughed and still said he would give me 50k honor points and two free luau tickets for a tour. I turned him down.
JMHO... It really depends on what type of experience you’re looking for.
If you’re planning to spend a lot of time at the Hilton Waikoloa resort and would like to stay at an oceanfront property then Ocean Tower will fit the bill.
However if you’re basically using the accommodations as a base and planning to go off site most days then you’ll have easier access to your car from Kings Land. And you can use the free internal shuttle whenever you want to visit the Hilton Waikoloa resort.
The Ocean tower is part of Hilton’s mega destination resort on 62 acres. Kings Land is more like an apartment complex. It’s a more relaxed quieter location compared to the Hilton hotel resort complex.
Note: There’s also a daily parking fee at the Hilton Waikoloa resort (currently $26 per day) vs free & convenient outside your door parking at Kings Land.
Pictures
- GregT posted his pictures in this thread (on page 2) - https://tugbbs.com/forums/index.php?threads/new-timeshares-at-waikoloa.268391
- I posted hotel room views from the Ocean tower via TripAdvisor in this thread (on page 1) - https://tugbbs.com/forums/index.php?threads/big-island-ocean-tower-is-in-the-reservation-system.270841
I think they did but don’t precisely remember. (I think I would recall if they didn’t have a sink).
The Studios are what stuck with me as the best units. There are some points deals and the units were a good size.
Best,
Greg
During an owner update in June, we were told that once phase one is complete (the not green in the photo) that construction on the rest of the rings will cease for some period of time (implied several years). Who knows for sure. We're back on the Big Island in January and will check out the progress, if any, on the rest of the rings.
From Parks and Hotels presentation at the 2017 Citi Global Property CEO Conference in March (see slides 30 to 33) - http://www.pkhotelsandresorts.com/~...esentations/pk-citi-conference-2017-final.pdf
Impact of Schedule of Room Transfer to Hilton Grand Vacation
- Hilton Waikoloa Village is a 1,243 room resort hotel located in Waikoloa, HI (Big Island)
- As previously disclosed, Park has an agreement with Hilton Grand Vacations (NYSE: HGV) whereby Park has transferred 600 rooms to HGV to be used as future time-share inventory
- Park has leased back all 600 rooms for an amount that covers the cost of HGV’s taxes, insurance and overhead, and will continue to generate room revenue until HGV starts the actual construction on the rooms
- The physical release of rooms will occur in increments over the next four years, with approximately 20% of the inventory transferred in ’17 and the balance of the rooms (~460) will be released by end of 2019.
- The EBITDA impact is as follows:
- Hilton Waikoloa generated $40mn of EBITDA in 2016 across 1,243 rooms
- With the first transfer of rooms in mid-2017, we estimate this impact in 2017 will be ~($7.5mn)
- Once the 140 keys are renovated, and guests begin occupying those rooms, the benefit to Park is as follows: 1) Park will recognize resort fees, F&B income and ancillary revenues from those rooms; 2) no additional renovation disruption; and 3) HGV will compensate Park for its pro-rata share of operating expenses (2018-2019).
- The next major room transfer will be in ‘19 when HGV takes the remaining ~460 rooms to begin renovation. The impact to Park’s EBITDA will be approximately $15mn in 2020.
Overall Hawaii Travel Statistics
- 8.9mn inbound travelers to Hawaii in 2016, 3% Y/Y growth, and 1.3mn more than the prior peak (’07)
5.3mn (or 62%) arriving from the US
1.5mn (or 17%) arriving from Japan
Europe and China each make up ~2% of
- Tourism Board is forecasting arrivals to moderate to 1.6% per annum over the next 3 years—still 50bp above the annualized growth rate over the last 25 years
- The islands have experienced solid growth from China, Korea and Australia
Well given that the NON green area is currently NOT showing the Middle ring on the Maui side, I will stand by my statement that the current construction effort does not have any ocean view or ocean front units. I was there in Aug, perhaps they revised their plans, as the phase 1 I was shown was only a partial of the ring farthest from the ocean and mostly on the maui side, none facing the lagoon side. Phase 2 was to include the middle ring and a small portion of the ring closest to the ocean.
That photo is an Ocean View Studio, but the adjacent 2 bedroom model has the same view. There is a connecting pass through door that turns this configuration into a 3 bedroom. To answer a previous post, the Studio has a nice Kitchenette.
It does. Photo Attached. Sink, Microwave, and full sized Fridge.