KO OLINA, HI According to the Honolulu Star Bulletin, Marriott Vacation Club International has broken ground on the Ko Olina Beach Club, a new timeshare resort that has the potential to significantly impact the economic well-being of the community. Construction alone will employ hundreds, starting with the first phase of the $300 million project, which calls for the development of 124 villas, said the paper. When finished, the complex will offer 750 units.
Ko Olina is part of Marriott International s $1 billion investment to develop and market Hawaii projects. The Ko Olina Beach Club is the single-biggest project anywhere by Marriott Vacation Club International, according to the paper. By the time all villas are sold, total sales for the Ko Olina project could be worth $2 billion.
Marriott Vacation Club plans to eventually develop a village in Ko Olina, with three outdoor pools, spas, a fitness center, shops and restaurants, built around one of the man-made lagoons. The JW Marriott Ihilani Resort and Spa and the 18-hole Ko Olina Golf Club, both managed by subsidiaries of Marriott International, are located nearby. (5/25/01)
SOURCE:Honolulu Star Bulletin