In a move to strengthen Westgate’s financial position they have sold their Las Vegas Planet Hollywood project to Hilton.
Westgate CEO David Siegel said in a statement, “We are pleased with this transaction with RFA, which is part of a larger transaction with our lenders to ensure the future success of our company.”
Hilton Grand Vacations will rebrand the project as a Hilton Grand Vacations Destination. Westgate recently lost their ability to finance their timeshare sales out of the Planet Hollywood timeshare. Thus the sale.
Planet Hollywood timeshare resort has 12,000 existing owners. All are assured service will continue without a hitch.
As you can see in the top ten best selling timeshare list below, Hilton’s three timeshare projects in Las Vegas are already in the top ten best selling list for Las Vegas timeshares. The addition of the Plant Hollywood timeshare project will widen Hilton’s presence in Las Vegas even further.
Top ten best selling Las Vegas timeshares: