Hilton Grand Vacations opened the first phase of the Ocean Tower by Hilton Grand Vacations Club on Thursday, a redeveloped hotel tower at the Hilton Waikoloa Village on Hawaii’s Big Island.

The Ocean Tower, the fourth time-share property in Waikoloa Resort for Hilton Grand Vacations (NYSE: HGV), is a multi-phase project that is converting the former 600-room hotel tower to 350 studio, one-, two- and three-bedroom suites and upgraded penthouse residences.

The initial phase of the project has 72…

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