Kumu Hou, meaning “renewed purpose”, will ensure Waikoloa and the Kohala Coast remain competitive with other destinations around the world, create jobs and homes for local residents, while making a significant investment in the future.
Our proposal includes:
- 900 newly planned timeshare units and twenty-five single-family residential lots (in accordance with the general plan) plus 264 previously approved Hilton Grand Vacation timeshare units
- Over three acres of new public parks and trails for public use and to facilitate beach access
- New amenities – community center, retail space servicing the project, operations center and parking – to support timeshare units
- Reimagined 27-hole golf experience, modern clubhouse and driving range
The proposed uses are supported by the General Plan, LUC and prior Special Management Area (SMA) submittals from the County of Hawai‘i.
Timeshare is an alternative to the traditional resort that provides a stable and preferred visitor base, resilience, and proven stability – qualities that help Hawai‘i create a more sustainable, diverse economy in the long-term.
- Hawaiʻi timeshare resorts have an average occupancy of 90.6% in 2019, highest among the major timeshare destinations.
- Timeshare properties on Hawaiʻi Island have consistently outperformed hotel occupancy rates by a wide margin over the same period. 88.8% vs. 77.0% respectively
- High occupancy of timeshare resorts benefits employees at the timeshare resorts by providing consistent work hours throughout the year.
- Businesses near timeshare resorts, such as locally-owned restaurants, golf courses and shopping centers also benefit from the steady high level of occupancy that timeshare provides
- Timeshare owners return to their “home resorts” more often than hotel guests. The average timeshare visitor has visited Hawaiʻi nearly nine times.
- Waikoloa Beach Resort is the only master-planned resort on the Kohala Coast that includes timeshare.
- Timeshare resorts are generally the first to return to operation and enjoy higher occupancy than hotels after an economic downturn.
Source: Hawaiʻi Tourism Authority