“This innovative venture strengthens the momentum of our industry-leading performance in the Las Vegas market and adds a new product tier to our diverse resort portfolio,” Wang said in a statement. Hilton Grand Vacations president Mark Wang said the collaboration will give Hilton time-share owners the opportunity to stay in one of the most celebrated properties in Las Vegas. I think it’s a great linkage between both companies.” “They love the building and they love the name. “They’re true professionals and it was easy to come to an agreement,” the son of real estate developer Donald Trump said Thursday from New York City. He said Hilton Grand Vacations expressed interest in purchasing bulk units at Trump International about a year ago. The Trump Organization will continue to manage the 64-story building with 1,232 units, said Eric Trump, executive vice president of acquisition and development. Hilton Grand Vacations will be responsible for selling time-share intervals at Trump, and occupancy is expected to start early next year. Trump International sales manager Matt Brimhall said he’s been selling units for $240,000 to $350,000, depending on what floor they’re on.
The transaction is valued at about $100 million. Trump International has sold about 300 condo-hotel units in its Las Vegas tower to Hilton Grand Vacations time share division, the New York-based real estate company said Thursday.
