Hilton Buys More Land on the Big Island

The hotel company announced Wednesday that it completed a deal to acquire 112 acres of undeveloped land on Hawaii's big island from Waikoloa Development for $65 million. The site is "relatively" close to the existing 1,241-room Hilton Waikoloa Village, a company spokesman said.


Hilton won't disclose what it plans to do with the property, saying it's still working on development details.

Hawaii is a key market for Hilton, and business there has been strong recently.