Park Hotels – a public lodging real estate investment trust (REIT)- which owns Hilton Hawaiian Village, just wrapped phase one of an $83 million renovation at the Rainbow Tower, adding 12 rooms and refreshing nearly half the tower for $41 million. Phase two kicks off in Q3, with another 14 rooms coming online and a projected Q1 2026 finish, bringing the total to 822 rooms.
Over on Hawaiʻi Island, Park is also dropping $68 million into the Palace Tower at Hilton Waikoloa Village. Phase two starts this fall and is also aiming for early 2026 completion.
And don’t forget—Hilton Hawaiian Village is still eyeing that new tower along Ala Moana Boulevard. Plans are in motion, but final approvals are still pending.
