Time Shares Go Urban

Posted by: Alek Miller

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."

Full Story: Who Needs Miami or Los Cabos? Time Shares Move to the City

Source: The New York Times, November 13, 2009