I highly recommend Hilton Moorea for an overwater bungalow. So many tend to try to save and get a garden bungalow here and then an overwater in Bora Bora, but Hilton Moorea has great snorkeling right off the overwater bungalows. It's very easy for first time snorkelers to learn how to snorkel since it is shallow. Many overwater bungalows in BB have little to no coral near them (especially the ones out on motus on east side of BB). If you get a Hilton Surpass credit card you become Hilton Gold and will get an upgrade and free breakfast daily (saves you $60 a day for 2 in food cost). So, if you pay for an upgrade to overwater and you present your gold card upon checkin they will do their best to give you an even better overwater bungalow view. I've also been to IC Moorea. The true overwater bungalows are in deeper water. The water color there is dark blue. There seemed to be more French staying there than at the Hilton (maybe they advertise in France more). It is also a nice property, but the snorkeling at the Hilton is better in my opinion. I also like the crepes bar out at the overwater bungalows at the Hilton Moorea. I wish the Hilton Bora Bora had that!!