Hilton Plans New Timeshare for Manhattan
Monday, September 25, 2006
Hilton Hotels Corporation has announced plans to build a 161-unit timeshare resort on West 57th Street in Manhattan. With its midtown Manhattan location, between the Avenue of the Americas and Seventh Avenue, the 28-story property marks the first Hilton “purpose-built” timeshare in Manhattan.
President and CEO of Hilton Grand Vacations, Antoine Dagot, was quoted by TradingMarkets.com as saying, “After decades of leadership in all hotel segments throughout Manhattan, Hilton has achieved a development milestone that has never before been accomplished in the New York hospitality industry. The ability to build, from the ground-up, a timeshare product tailored exclusively to meet our customers’ distinctive preferences offers extraordinary advantages.”
Construction is scheduled to begin in January 2007 with a target completion date of early 2009. Hilton Grand Vacation Club already offers Manhattan timeshare units in some of their existing hotel properties.