Ala Moana Hotel workers are looking forward to being paid the same as workers at many major Waikiki hotels after ratifying a new labor contract that will make pay parity a reality in several years.

Unite Here! Local 5, the union representing many local hotel workers, announced the contract Thursday following a 159-1 ratification vote.

The new labor agreement will increase wages and benefits for Ala Moana’s 327 unionized employees at a rate that by 2020 will match compensation scales of other major hotels including Hilton Hawaiian Village. Sick leave provisions also were equalized.

Local 5 said the new contract, which is with an affiliate of Outrigger Hotels & Resorts, represents the first time in 27 years that Ala Moana workers will be paid on par with major Waikiki hotels.

The term of the contract runs through at least 2023, though hotel management agreed to amend the contract to match all terms of any new contract agreed to by Hilton Hawaiian Village, Local 5 said. Hilton’s existing contract expires in 2018.