Market Overview

Hilton Grand Vacations Announces Its First Chicago Property

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Hilton
Grand Vacations Inc.
(NYSE:HGV) announces it has entered into a
purchase-sale agreement with Related Fund Management and The Chartres
Lodging Group to acquire the top six floors of the 26-story DoubleTree
by Hilton Hotel Chicago – Magnificent Mile, which will be HGV's first
property in this highly desirable market.

"Chicago is a great new market for HGV. It's a prime destination for
dining, shopping, theater, sports and entertainment, and our project is
in an A+ location in a property undergoing a complete renovation," says
Mark Wang, president and CEO of Hilton Grand Vacations. "This project
perfectly sums up our growth and investment strategy: new market,
expanded customer access, bite-sized investment, capital-efficient deal
structure and high returns."

The DoubleTree by Hilton Hotel Chicago is situated between the
Magnificent Mile and Navy Pier and located near Millennium Park, Grant
Park and Chicago Theater. Owners and guests of the timeshare units will
have access to the hotel's amenities, including an outdoor, seasonal
pool and patio; fitness center; business center; and on-site bar and
restaurant.

The current property owner will renovate and convert 122 of the existing
500 hotel rooms into 78 studio and one-bedroom timeshare units, all
according to HGV's brand standards. HGV will acquire the inventory in
phases, anticipated to begin in the second quarter of 2019. The
renovations are scheduled to begin in the fourth quarter of 2018, and
sales are planned to start in our on-site sales center in the second
quarter of 2019.

The total project investment for HGV is expected to be approximately
$54.5 million.

Important Notice

Statements in this press release that are not historical facts may be
forward-looking statements. Words such as "anticipate," "believe,"
"expect" and "intend" indicate a forward-looking statement, although not
all forward-looking statements include these words. Forward-looking
statements involve risks and uncertainties that could cause the outcome
to be materially different.

About Hilton Grand Vacations Inc.

Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global
timeshare company. With headquarters in Orlando, Fla., Hilton Grand
Vacations develops, markets and operates a system of brand-name,
high-quality vacation ownership resorts in select vacation destinations.
The Company also manages and 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 295,000 Club Members. For more information, visit www.hgv.com
and www.hiltongrandvacations.com.

About Related Companies

Founded more than 40 years ago, Related Companies is a fully integrated,
highly diversified industry leader with experience in virtually every
aspect of development, acquisitions, management, finance, fund
management, marketing and sales. The company has $50 billion of real
estate assets owned or under development including best-in-class
mixed-use, residential and retail, office, trade show and affordable
properties in premier, high-barrier-to-entry markets. Headquartered in
New York City, Related has offices and major developments in Boston,
Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C.,
Abu Dhabi and London and is well-known for having developed the 2.8
million-square-foot Time Warner Center in New York City and the 72-acre
CityPlace in West Palm Beach, as well as being a leader in green
building. Related Fund Management has raised over $5 billion of capital
to date and is primarily focused on opportunistic real estate
investments; the origination and acquisition of debt; multifamily
housing opportunities; and investments in infrastructure-related
development, management and services. For more information, please visit www.related.com.

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