Hilton Grand Vacations (NYSE:HGV) announces its real estate purchase from Hilton (NYSE:HLT) including existing buildings and land for development within the Hilton Odawara Resort & Spa, located in the Kanagawa Prefecture, Japan. The purchase marks Hilton Grand Vacations’ second announced project in Japan and will be the first resort to open in the country. Adding to the existing properties, HGV plans to create timeshare units with ocean views on the purchased land.
“We are pleased to announce our first resort to open in Japan, in collaboration with our esteemed partner Hilton, in this scenic location close to Tokyo, which has consistently been a top choice for vacations by our owners and guests,” says Mark Wang, president and CEO, Hilton Grand Vacations. “We look forward to working with the city of Odawara to promote tourism and contribute to the vibrant local economy,” he adds.
Source: Perspective Magazine