The Hilton Hawaiian Village Waikiki Beach Resort Rainbow Tower Renovations Complete. The Hilton Hawaiian Village Resort Completed upgrades for the 42-Year-Old, 30 Story Rainbow Tower During its 50th Anniversary Year. Hilton Hawaiian Village Waikiki Beach Resort’s $45 million makeover of the iconic Rainbow Tower was completed on December 31, 2011. To celebrate this milestone, the resort is offering a new “Fireworks over the Rainbow”...