Hilton Hotels last week celebrated the grand opening of its third Hilton Grand Vacations Club in Las Vegas, which joins timeshare units at the Flamingo and Las Vegas Hilton.
Located on the Las Vegas Strip across from the Sahara Hotel, the $128 million Hilton Grand Vacations Club will build out at 506 one, two and three-bedroom villas in three 28-story towers.
So far, one tower with about 200 units has been completed.
In addition to units with fully-equipped kitchens, washer and dryer and whirlpool baths, the common areas feature heated pool and spa, fitness center, meeting rooms, recreational room for kids, poolside bar and barbecue, and concierge service.
"Our resort management philosophy revolves around creating memorable vacation experiences for our guests," said Antoine Dagot, president and CEO of Hilton Grand Vacations Club. "In addition to serving Hilton Grand Vacations Club members, our resort also accommodates traditional room reservations and bookings."
Dagot added that there are about 67,000 combined members of Hilton Grand Vacations Club who often trade, sell, buy and rent vacation timeshares around the country.
Currently, the system of 24 resorts managed by Hilton Grand Vacations include beachfront resorts throughout South Florida; adjacent to the Breckenridge ski resort in Colorado; on the "Big Island" of Hawaii; at the Hilton Hawaiian Village in Honolulu; adjacent to Sea World in Orlando, Florida; on South Beach in Miami; and the three resorts in Las Vegas.
"Hilton Grand Vacations plans to expand its system of high quality vacation ownership resorts both domestically and internationally through development of new purpose-built properties, and the acquisition and conversion of selected existing resorts that complement our present resort system," Dagot said.
Industry experts say the timeshare industry in Las Vegas is one of the most robust in the nation. Here, timeshare units cost about $11,000 on average for one week.
The new Hilton Grand Vacations Club units are priced at about $15,000.