�Today, the HGVC collection of resorts has been enhanced with a prominent new presence in Las Vegas,� said Antoine Dagot, president and chief executive officer of Hilton Grand Vacations Company.  �The spectacular Las Vegas Strip provides an extraordinary setting for the newest Hilton Grand Vacations Club (HGVClub®) resort.  We are pleased to expand the leadership presence of HGVClub in Las Vegas. Our pre-opening membership sales, which began last year, have continuously exceeded our expectations.  We look forward to welcoming an ever-growing number of Member families to �the entertainment capital of the world�.� 

The completion of the first of four planned phases of development at the 10-acre site features an extensive collection of guest amenities and luxurious studios and one-, two-, and three-bedroom condominium-style accommodations.  A dramatic �Desert Deco� design is incorporated throughout the resort.  �Since the 1993 debut of our project at the Flamingo, we have received a spectacular response to the Hilton style of vacation ownership in Las Vegas,� said Dagot.  �We have worked closely with our colleagues at Hilton Hotels Corporation to create a truly luxurious resort, and the results are extraordinary.� 

The spacious accommodations blend a décor of relaxed elegance with an upscale collection of entertainment amenities including Phillips remote controlled color televisions, DVD players, Bose Lifestyle surround sound systems, and high-speed Internet access.  One-, two- and three-bedroom accommodations feature fully-equipped kitchens designed with granite countertops, elegant wood cabinetry, and an extensive variety of culinary tools and high-end appliances.  Chic bathrooms feature frameless glass showers, oversized tubs and ample storage. For added convenience, units also feature a washing machine and dryer. 

The resort�s guest amenities include a serpentine pool adjacent to whirlpool spas, and an interactive water feature designed exclusively for children which incorporates a series of playful fountains. A state-of-the-art Fitness Center is superbly equipped with StarTrac cardiovascular equipment from elliptical machines to recumbent bicycles, as well as a Universal? weight station. The �Waves� poolside bar and grill, the �Marketplace� deli and sundry store, as well as picnic areas and barbeque grills are also on-site. 

Also Hilton Grand Vacations Company, LLC announced the development of the 72-unit Hilton Grand Vacations Club within the Kalia Tower, at the 22-acre Hilton Hawaiian Village Beach Resort and Spa in Honolulu, Hawaii.  The project is slated to open in December 2003 and will become the 25th vacation ownership property in the portfolio of resorts managed by HGVC. Pre-opening vacation ownership sales are also projected to begin in December 2003.  HGVC currently has an existing vacation ownership project at the Hilton Hawaiian Village, in the property�s Lagoon Tower

An extensive renovation of six floors of the Kalia Tower will transform 138 hotel rooms into 72 luxurious studio suite and one-bedroom condominium-style accommodations.  The units are designed to incorporate a casually elegant décor, and will feature panoramic Mauka (mountain) or Maika (ocean) views.

�Since the January 2001 debut of our first project at the Hilton Hawaiian Village, we have received a spectacular response to the Hilton style of vacation ownership in Hawaii,� said Antoine Dagot, president and chief executive officer of Hilton Grand Vacations Company.  �We have worked closely with our colleagues at Hilton Hotels Corporation to integrate vacation ownership accommodations into the overall renovation strategy for the Kalia Tower, and the results are extraordinary.  We are pleased to expand the prominent presence of HGVClub on the Island of Oahu, and look forward to welcoming an ever-growing number of Member families to enjoy the unsurpassed Waikiki beachfront and spectacular setting of the Hilton Hawaiian Village Beach Resort and Spa.� 

Hilton Grand Vacations Company, LLC is a division of Hilton Hotels Corporation (NYSE: HLT).  Headquartered in Orlando, Florida, HGVC develops, markets and operates a system of high-quality vacation ownership resorts in select vacation destinations.  The company also operates two innovative club membership programs, Hilton Grand Vacations Club® and The Hilton Club providing exclusive exchange, leisure travel, and reservation services for more than 63,000 combined Club Members.