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The Honolulu Advertiser

Updated at 2:25 p.m., Friday, January 5, 2007

Wyndham opens Waikiki Beach Walk

News Release

ORLANDO, Fla., Jan. 5 /PRNewswire-FirstCall/ -- Wyndham Vacation Ownership, the world's largest vacation ownership company, today announced the opening of Wyndham Waikiki Beach Walk — the company's 13th Hawaii-based resort and first in Waikiki. The 195 unit timeshare property is a major component of the highly anticipated Waikiki Beach Walk complex — the largest re-development project in the city's history. Wyndham Waikiki Beach Walk, which will be affiliated with the company's FairShare Plus portfolio of vacation ownership resorts, exceeded more than 3,000 individual pre- construction sales prior to opening.

"We've seen a growing demand for timeshare resorts in premier resort locations so we're very excited to unveil Wyndham Waikiki Beach Walk in this highly sought after vacation destination," said Franz Hanning, Wyndham Vacation Ownership president and chief executive officer. "With more than 3,000 pre-construction sales, Wyndham Waikiki Beach Walk is already well on its way to becoming one of our most successful resorts ever."

Formerly the OHANA Reef Towers hotel, Wyndham Waikiki Beach Walk is the culmination of an extensive two-year, $54-million renovation.

Boasting the warm colors and tropical ambiance of the Hawaiian Islands, the resort features 195 units including 95 one-bedroom, 83 two-bedroom and 17 two-, three- and four-bedroom luxurious penthouse style Presidential suites. Situated within two 15-story towers, each unit features a fully equipped kitchen, whirlpool bath, washer/dryer and a flat-panel television with DVD player. The resort also offers owners and guests a variety of amenities including an expansive sun deck featuring an outdoor swimming pool and whirlpool spa, a spacious exercise facility, family recreation room and a computer library.

"We're delighted to have Wyndham Waikiki Beach Walk be an integral part of this much anticipated redevelopment project," said David Carey, president and CEO, Outrigger Enterprises Group. "Waikiki Beach Walk is an extraordinary hospitality, retail and entertainment complex that truly encapsulates the ultimate Hawaiian vacation experience."

In addition to the wide variety of shops, boutiques and restaurants, Waikiki Beach Walk will offer a myriad of other exciting activities, including a full schedule of cultural activities and musical events - including ukulele lessons, hula lessons, lei making, story telling, wood carving and well-known musical acts.