Time Shares Go Urban

13 November 2009 - 11:00am

Urban time shares get a boost as Hilton gets in on the action. A new NYC property is gaining attention and, surprisingly enough, selling units.

"'There's a market for urban time shares, because people like to go to gateway cities,' said Kim Kreiger, a senior vice president with Hilton Grand Vacations Company, a division of Hilton Hotels that operates time-share properties around the world.

Hilton tested the Manhattan market in 2002 by converting two floors of its hotel on the Avenue of the Americas into 78 time-share units, called the Hilton Club. Those units sold out ahead of schedule, Mr. Kreiger said, so the company began looking for a site to build a dedicated time-share property."

Source: The New York Times, November 13, 2009
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"It's so out of control," said Duany, referring to the current state of public participation in planning decisions in the United States. "It's an absolute orgy of public process… basically, we can't get anything done."