Hilton Grand Vacations Debuts $50 Million Resort Transformation in New York City
The Quin by Hilton Club Re-Opens Following Year-Long Renovation
Hilton Grand Vacations (NYSE:HGV), which pioneered the urban timeshare concept in New York City, is raising the bar once again with a new flagship property, The Quin by Hilton Club. The Quin, located on "Billionaire's Row" at the corner of Sixth Avenue and 57th Street, re-opened on June 28, 2021, as a best-in-class timeshare property following an over $50 million top-to-bottom renovation. The Quin's transformation, combined with HGV's anticipated summer 2021 opening of The Central at 5th by Hilton Club, located on East 48th Street, demonstrates HGV's commitment to New York and the increasingly significant role of timeshare in the city's hospitality industry.
"Our investments in The Quin by Hilton Club and The Central at 5th by Hilton Club signal our confidence in the rebounding travel industry and long-term demand for timeshare ownership in NYC and beyond," said Mark Wang, president and CEO of Hilton Grand Vacations. "The timeshare business model continuously proves itself to be remarkably resilient during challenging times, just as New York City itself has proved resilient on so many occasions - emerging stronger than ever after each time. We're proud to expand our diverse property portfolio in the nation's cultural and financial capital."
Urban timeshare has become increasingly popular nationwide, particularly in NYC, where HGV transformed the industry by offering deeded ownership at upscale locations with superior amenities. Now, owners seeking a "pied-à-terre" in Manhattan have a brand-new option located just steps from Central Park, backed by industry pioneer HGV.
In 2003, HGV became the first major hospitality brand to open a timeshare property in New York City with The Hilton Club - New York. Since then, the company has consistently elevated the quality of timeshare offerings within the industry and in NYC itself, opening West 57th Street by Hilton Club in 2009 and The Residences by Hilton Club in 2018. Now, HGV is setting a new standard for the industry, with sales underway at The Quin, a world-renowned vacation spot.
Lisa Dusart, SVP of sales and marketing at Hilton Grand Vacations, commented, "Hilton Grand Vacations has been a part of the fabric of the hospitality industry in New York for many years and at this crucial juncture for the city, our role may be more vital than ever before. Our timeshare owners are eager to return to New York, and we're just as eager to welcome them - now with two new options in the heart of midtown Manhattan."
HGV purchased The Quin in 2018 for over $175 million and has recently invested more than $50 million in renovations to the storied luxury property. The transformed urban icon features 212 studios and one- and two-bedroom timeshare suites, a private owners' lounge, fitness center and restaurant. In addition, the newly expanded 18th and 19th floors include dramatic penthouse suites with outdoor terraces.
The Quin's location, amenities, service, and a legacy of artistic inspiration make for an unparalleled ownership experience. The new spaces offer an intimate, residential feel evocative of an elegant Manhattan pied-à-terre. Bold modern elements and custom-designed furniture are juxtaposed to the understated classic style, creating an environment of forward-looking luxury. Artwork specially created for The Quin by Nick Walker and curated by DK Johnston extends the artistic legacy of this iconic property. HGV worked with two design firms on this project including the New York-based interior design firm, Bill Rooney Studio, Inc., and ForrestPerkins, a distinct design studio of Perkins Eastman, a global architecture firm.
Besides welcoming its first timeshare owners, The Quin will continue to offer overnight accommodations to leisure and business travelers booking via Hilton.com. All owners and guests will value the assurance of Hilton CleanStayä - an enhanced standard of cleanliness and disinfection being implemented at properties worldwide. Hilton CleanStay builds on an already high level of housekeeping and hygiene efforts to allow HGV owners and guests an even cleaner and safer stay from check-in to check-out.
The Quin by Hilton Club affords guests and owners access to the very heart of New York. The property is set just two blocks from Central Park, across the street from Carnegie Hall and near the best of Fifth Avenue shopping and leading cultural institutions from MoMA to Lincoln Center. The Quin's re-opening and launch as HGV's flagship NYC timeshare property comes just as the city itself fully reopens, promising an exciting new chapter for the storied property.
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