Aside from Hyatt Regency Chicago and Wyndham Grand Chicago Riverfront, there aren’t many other choices for Chicago timeshares. Perhaps that’s why Hilton Grand Vacations just made a deal to purchase the top six floors of the DoubleTree by Hilton Hotel Chicago Magnificent Mile. For $55 million, Hilton Grand Vacations, the timeshare vacation ownership branch of Hilton Worldwide Holdings Inc., will purchase 122 rooms and convert them to variously sized bedroom units. They plan on converting those spaces by 2020.
The DoubleTree by Hilton Hotel Chicago sits one block off of the Magnificent Mile, at 300 E Ohio Street. According to TripAdvisor.com, “The Magnificent Mile is one of the great avenues of the world and is at the center of all that makes Chicago an international destination.” Hundreds of restaurants and shops are packed into this 13 block stretch of North Michigan Avenue. This location will make a unique and high in demand location for Chicago timeshares. I can only imagine what they will be selling for.
You could possibly compare this timeshare destination with New York City: host to the Manhattan Club, Hilton Club New York, the Hilton Grand Vacations Club 57th Street, the Residences by Hilton Club, Wyndham Midtown 45 at New York City, and St Regis NYC. New York City has developed a strong presence of timeshare ownership “products” over the last 20 years and continues to grow as well.
Chicago timeshares have a long way to go to catch up with the timeshares available in the Big Apple, but with the addition of Hilton Grand Vacations’ project at the Magnificent Mile they will be making a huge impact. Hilton has had a lot of experience in developing big city timeshare resort projects and has done so with long running success.
Hilton Grand Vacations will succeed here as well. The results will be impressive! Timeshare owners in the HGV club will have a great addition to their inventory.
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