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with Two Major Ground-Breakings in Las Vegas and Orlando
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ORLANDO, Fla. - June 19, 2001--Hilton Grand Vacations Company (HGVC),
Hilton Hotel Corporations's high-quality vacation ownership resorts brand,
today continued to strengthen its development efforts for the remainder
of 2001.
The company has now launched the development of the first phases of two major resort properties:
Hilton Grand Vacations Club on the Las Vegas Strip Hilton Hotels Corporation president and chief executive officer Stephen
Bollenbach attended the official ground-breaking ceremony on June 14, sharing
his support for the new project and the development philosophy for the
vacation ownership brand. During the ceremony, Dagot noted, ``With the
completion of the 1,500-unit Las Vegas property, Hilton Grand Vacations
Company will
Located on a 10-acre site on Las Vegas Boulevard at the north end of the Las Vegas Strip, the property's first phase of construction is slated for completion in early 2003. Pre-opening vacation ownership sales are projected to begin in early 2002. The project is HGVC's third property in Las Vegas, bringing to 1,955 the brand's total number of units to be developed in the market. "Las Vegas, one of the world's major entertainment destinations, continues to demonstrate a keen appetite for vacation ownership units,'' said Dagot. ``We have a long history in this market and are very upbeat about its long-term potential.'' Hilton Grand Vacations Club on International Drive On June 19, the company hosted the official ground-breaking ceremony
at the site of the new 384-unit resort in Orlando. ``The Hilton Grand vacations
Club on International Drive will be our second property in Orlando, for
a total of more than 850 units in the area,'' noted Dagot. ``The Orlando
market continues to enjoy high demand with its ongoing expansion of family-themed
parks and
Situated on 34 acres at the southwest intersection of International Drive and Vineland Avenue, the new HGVClub resort is within minutes of Walt Disney World(TM) and adjacent to the Orlando Premium Outlets. The property will incorporate a Mediterranean theme, with a grand porte-cochere leading to a piazza that provides central access to the Clubhouse, Membership Preview Center and resort facilities. Both properties will feature a complete array of resort amenities, including a fitness center, sports court and elaborate water-related design elements, ranging from fountains and swimming pools to whirlpool spas and an interactive children's pool. The resorts will feature one-, two- and three-bedroom accommodations, with fully equipped kitchens, washers and dryers, spacious living and dining areas and private master suites. "With the strength and integrity of the Hilton name behind us, we continue
to enhance our reputation as a leader in the vacation ownership industry,''
stated Dagot. ``With the completion of these two properties, we will significantly
strengthen our leadership presence. We remain dedicated to our goal of
providing a high-quality product that enjoys strong consumer confidence
and
Hilton Grand Vacations Company, LLC, is a division of Hilton Hotels
Corp. (NYSE: HLT), recognized internationally as a preeminent hospitality
company. With headquarters in Orlando, HGVC develops, markets and operates
a system of brand name, high-quality vacation ownership resorts in select
vacation destinations. The company also operates an innovative club membership
program, Hilton Grand Vacations Club, providing exclusive exchange, leisure
travel and reservation services for more than 38,000
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Hilton Grand Vacations Company http://www.hilton.com Elena Norman, 407/521-3178 [email protected] |
Also See | Antoine Dagot Named Chief Executive of Hilton Grand Vacation Company / Dec 1999 |