Hilton Grand Vacations Announces New NYC Property
Thursday, May 9, 2019
Hilton Grand Vacations has just announced their fifth property in New York City, The Central at 5th by Hilton Club. Developed by Hidrock Properties for Hilton Grand Vacations, this project is being built from the ground up to be a 34-story resort. It works as a result of HGV’s continued efforts to deliver new product offerings in desirable urban vacation destinations.
Mark Wang, president and CEO of Hilton Grand Vacations, commented on the project:
“New York City has long been a top travel destination for our owners and guests. As current and potential owners reiterate the importance of vacation ownership opportunities in the Big Apple, we are thrilled to provide them with a premier new property that is ideally positioned near some of the best attractions the city has to offer. We are confident that this expansion will drive our Net Owner Growth by fulfilling the desires of current and future owners.”
The Central at 5th is being built on East 48th Street mid-block between Fifth Avenue and Madison Avenue, just steps away from the famed shops of Fifth Avenue and incredible attractions including Rockefeller Center, Radio City Music Hall, and the Theater District.
Currently, anticipated resort amenities include a private owners’ lounge, fitness center, and outdoor terrace.
Hilton Grand Vacations will acquire this new property in two phases, totaling in 161 studio and one-bedroom units. The resort is expected to open in spring of 2020. Sales began in March of 2019.
Hidrock Properties is known for their first class project across New York City. They have been thrilled to collaborate with Hilton Grand Vacations to create what they consider to be one of the most premier timeshare properties in Manhattan.
Learn more about Hilton Grand Vacations and their other incredible properties on their website.