Hilton Grand Vacations (HGV) and Strand Capital Group today 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 Hilton Grand Vacations
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 hiltongrandvacations.com,
hiltongrandvacationsmediacenter.com
or connect at clubtraveler.com.
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 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
eleven world-class global brands is comprised of more than 4,200
managed, franchised, owned and leased hotels and timeshare properties,
with more than 690,000 rooms in 93 countries and territories, including
Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels
& Resorts, Canopy by Hilton, Curio - A Collection 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.
![](http://cts.businesswire.com/ct/CT?id=bwnews&sty=20150112006004r1&sid=ntxv4&distro=nx&lang=en)
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150112006004/en/
Copyright Business Wire 2015