ORLANDO, FL (January 13, 2015) — Hilton Grand Vacations (HGV) and Strand Capital Group have announced the development of a new resort in Hilton Head Island, South Carolina. The distinctive new timeshare project combines the industry-leading sales, marketing and operational expertise of Hilton Grand Vacations with the established development strength of Strand Capital Group, the premier timeshare real estate development firm along the Carolina Coast.
The resort is slated for development on a prime 7-acre beachfront parcel located on prestigious South Forest Beach. Regarded as one of Hilton Head Island’s most sought-after locations, South Forest Beach occupies a one mile beachfront stretch between the thriving Coligny District and Sea Pines Plantation. The project is the latest venture in the successful five-year history of HGV and Strand Capital collaborations, most recently highlighted by the development of Ocean 22 by Hilton Grand Vacations Club Myrtle Beach, South Carolina, (currently slated to open in July 2015). Sales of ownership interests at the new Hilton Head Island resort are projected to launch in April 2015.
Construction is planned for two phases of development, with first occupancy anticipated in early summer 2016. The new resort will be comprised of four distinct buildings and is entitled for 125 two-bedroom units. Plans call for a spacious lobby and arrival entry, a dramatic oceanfront feature pool and adjacent pool bar, under-unit parking and a host of additional amenities.
According to Mark Wang, President of Hilton Grand Vacations, “We continue to expand the Hilton Grand Vacations Club resort collection through innovative collaborations with developers such as Strand Capital Group. Our ability to establish the Hilton Grand Vacations brand on Hilton Head Island strengthens our successful development legacy with Strand Capital. The popularity and beauty of this celebrated destination make Hilton Head an ideal addition to our portfolio of resort locations.
Patrick Lowe, Principal Partner with Strand Capital Group commented, “We are pleased to yet again engage with Hilton Grand Vacations to bring a third resort to South Carolina. Our Hilton Head Island location is absolutely ideal and we will optimize the opportunity to develop a spectacular resort on this premier parcel.” Loyd Daniel, Managing Partner of Strand Capital Group added, “We continue to fortify shared success through our unique collaboration with Hilton Grand Vacations and the innovative business model we have tailored through the years.
Strand Capital Group will develop the project and Hilton Grand Vacations will manage the sales and marketing of deeded real estate intervals, resort operations, timeshare homeowners’ association management and loan servicing on behalf of Strand.
About Strand Capital Group
Strand Capital Group, LLC is the premier real estate development firm along the Carolina Coast specializing in oceanfront destination resorts in Myrtle Beach, South Carolina. Strand Capital Group is also active in oceanfront condominium sales and marketing through its affiliate CENTURY 21 Strand Group. For more information, visit www.strandcapital.com.
About Hilton Grand Vacations Company, LLC
Hilton Resorts Corporation, dba Hilton Grand Vacations, is a division of Hilton Worldwide, recognized as the leading global hospitality company. Headquartered in Orlando, Florida, 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 225,000 Club Members. For more information, visit www.hiltongrandvacations.com, news.hiltongrandvacations.com or connect at clubtraveler.com.
About Hilton Worldwide
Hilton Worldwide (NYSE: HLT) is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. For 95 years, Hilton Worldwide has been dedicated to continuing its tradition of providing exceptional guest experiences. The company’s portfolio of twelve world-class global brands is comprised of more than 4,250 managed, franchised, owned and leased hotels and timeshare properties, with more than 700,000 rooms in 93 countries and territories, including Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Curio – A Collection by Hilton, Canopy by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton HHonors®. Visit news.hiltonworldwide.com for more information and connect with Hilton Worldwide at www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, www.flickr.com/hiltonworldwide, and www.linkedin.com/company/hilton-worldwide.
PRESS RELEASE SOURCE: Hilton Vacation Ownership
Hilton Grand Vacations
J. Patrick Lowe
Strand Capital Group