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Second timeshare phase planned

Tuesday, April 27, 2004 | 11:03 a.m.

Hilton Hotels Corp. of Beverly Hills, Calif., said Monday it would proceed with the second phase of its four-phase Hilton Grand Vacations Club timeshare resort on the Las Vegas Strip.

Groundbreaking for the 431-unit addition is planned for July, with construction of the $126 million expansion scheduled for completion in summer 2006. The first 283 units of HGVClub on the Las Vegas Strip, located in a 28-story tower, opened for occupancy in November and are nearly one third sold. With the opening of Phase II, 714 units of the planned four phase 1,577-unit project will be opened.

Hilton Grand Vacations already has two other Las Vegas timeshares elsewhere in the resort district.

"The response to our third vacation ownership resort in the Las Vegas market has been tremendous," said Antoine Dagot, president and CEO of Hilton Grand Vacations.

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