Hilton Buys 300 Timeshares at Trump International Hotel
- Sep 13, 2012
The Trump Organization has sold a big chunk of the Trump International Hotel Las Vegas’ available timeshare units to Hilton Worldwide. According to VegasINC magazine, Trump has unloaded approximately 300 of its condominium units, which will enter Hilton’s timeshare circuit under the Hilton Grand Vacations brand. Hilton will start using the units in the first half of 2013. Financial terms were not released.
According to figures provided to VegasINC by Eric Trump, executive vice president of development and acquisition for the Trump Organization, units are priced in the upper $500,000-range. The Trump Organization has sold around 700 units at the property, including the 300 that were acquired by Hilton Worldwide.
Completed in 2008, the opulent 64-story Trump International Hotel is located on Fashion Show Drive a few minutes from McCarran International Airport. The tower offers 1,232 suites and 50 penthouses. Studio apartments sell for around $300,000, while penthouses command 10 times that price. Owners have the option to live in their units full time or part time; some opt for the package that allows units to double as hotel suites when the owners are away.
Amenities at the property include 24-hour concierge service, valet parking, a poolside bistro and bar, high-end dining in the building’s lobby, in-suite dining, a sundeck with swimming pool and private cabanas, spa, salon and fitness facilities and a business center.
Image courtesy of rooms101.com