Hilton Subsidiary Plans Manhattan Timeshare Site

HotelBusiness.com, quoting New York press reports, said the project would supplement fractional ownership units located in the top floors of the Hilton New York in 2003.

The site is reportedly on West 57th Street, near Carnegie Hall.

No date for the start of construction nor a project cost were provided.

Orlando-based Hilton Grand Vacations Co. develops, markets and operates 27 vacation timeshare resorts in select vacation destinations. The company also manages and operates two club membership programs: Hilton Grand Vacations Club and The Hilton Club, providing exclusive exchange, leisure travel and reservation services for more than 85,000 timeshare club members.

Hilton Hotels (NYSE: HLT) maintains a corporate headquarters in Memphis managing three brands: Embassy Suites, Homewood Suites and Hampton Inn. The Memphis operation employs about 1,000 people and is also the base for the company's information technology division.