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The Grand Waikikian will be a 38-story timeshare and retail development at the Hilton Hawaiian Village® Beach Resort and Spa. When completed, The Grand Waikikian will be the largest and most luxurious timeshare resort in Waikiki. The Grand Waikikian will be operated by Hilton Grand Vacations Company, the timeshare division of Hilton Hotels Corporation. It is the company's fourth timeshare development in the State of Hawaii. Upon anticipated completion in early 2009, The Grand Waikikian will join HGVC's existing 236-unit Lagoon Tower and 72-unit Kalia Tower projects at the Hilton Hawaiian Village, and the recently opened 120-unit Hilton Grand Vacations Club at Waikoloa Beach Resort on the Big Island. Projected to include 331 units, The Grand Waikikian will be built on a site adjacent to the Lagoon Tower and will feature 34 floors of one-bedroom and two-bedroom timeshare suites, plus an additional four floors of retail, office and guest amenity space. The top five floors of The Grand Waikikian tower will be designated as exclusive penthouse levels with spectacular views, added amenities and expanded guest facilities including a private check area, concierge and lounge on the 35th floor. The penthouse floors will also feature a selection of three-bedroom suites with panoramic ocean views. The Grand Waikikian will include a retail shopping, arcade, beachside restaurant and super pool with with waterfalls, slide, and swim-through grotto terraces down from the second-floor lobby to the edge of the recently rejuvenated Duke Kahanamoku Lagoon. The Grand Waikikian will evoke the ambience of a grand hotel, while offering guests the convenience and comfort of a luxury condominium and the services and amenities of a world-class resort hotel.