ORLANDO, Fla.--(BUSINESS WIRE)--
Hilton Grand Vacations (NYSE:HGV) announces its real estate purchase
from Hilton (NYSE:HLT) including existing buildings and land for
development within the Hilton Odawara Resort & Spa, located in the
Kanagawa Prefecture, Japan. The purchase marks Hilton Grand Vacations’
second announced project in Japan and will be the first resort to open
in the country. Adding to the existing properties, HGV plans to create
timeshare units with ocean views on the purchased land.
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Hilton Grand Vacations announces it will open its first timeshare resort in Japan. Proposed and subject to change. © 2018 Hilton Grand Vacations.
“We are pleased to announce our first resort to open in Japan, in
collaboration with our esteemed partner Hilton, in this scenic location
close to Tokyo, which has consistently been a top choice for vacations
by our owners and guests,” says Mark Wang, president and CEO, Hilton
Grand Vacations. “We look forward to working with the city of Odawara to
promote tourism and contribute to the vibrant local economy,” he adds.
Hilton Odawara Resort & Spa is located just 30 minutes by bullet train
from Tokyo. The hotel was the recipient of the ‘Japan's Leading Resort’
award from World Travel Awards in 2017. Hilton will continue to own the
hotel and resort amenities as well as manage the property, which is
close to attractions such as the Fuji Hakone Izu National Park and
Odawara Castle. Guests will have access to the many recreational
facilities and resort amenities of Hilton Odawara Resort & Spa.
“With the Japanese government’s aim to welcome 40 million tourists by
2020, we see great continuing potential in providing more offerings to
an ever-expanding and diverse group of travellers,” says Tim Soper, vice
president of operations for Japan, Korea and Micronesia with Hilton.
“Part of how we will do so is to offer our guests the best of both
worlds by working with key tourism players, including Hilton Grand
Vacations.”
Renowned Japanese design firm Hashimoto Yukio Design Studio has been
appointed as designer for the project.
About Hilton Grand Vacations Inc.
Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global
timeshare company. With headquarters in Orlando, Fla., USA, 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 280,000 Club Members. For more information, visit www.hgv.com
and www.hiltongrandvacations.com.
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Hilton Grand Vacations Inc.
Erin Pagán
407-613-3771
EPagan@hgvc.com
Source: Hilton Grand Vacations Inc.