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."
Read the full story: Who Needs Miami or Los Cabos? Time Shares Move to the City
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