I was there Nov 11.
The Waikiki Marriott is the old Hawaiian Regent, and is currently being renovated.
The Kuhio tower (the furthest from the beach) is completely closed.
Most of the hotel amenities are minimal (restaurants, lobby, pool, etc.) due to the renovation. I'm sure it will be quite nice when completed. There can be some construction noise during the daytime hours.
My room was quite large, and very nice (but had not be renovated yet). I had a great view. Parking was tight (both in number and size of parking spaces).
If you are paying a reduced rate, and are using the hotel mainly for sleeping, it is fine. If you are expecting a regular Marriott hotel experience, you will be disappointed.
For about the same price as I paid at the Outrigger East last year, I had a larger room, better view, about the same amenities, about the same price, and double points and stay credits. So for me, it was worth it.
[This message has been edited by dvc_john (edited 11-24-2001).]