ORLANDO-Hilton Hotels Corp. is betting the hospitality industry turnaround is just around the corner in metro Orlando as it opens the first phase of the 452-unit, $91-million Hilton Grand Vacations Club on tourist-oriented International Drive in south Orlando. The project is being developed by locally based Hilton Grand Vacations Co., a division of the Beverly Hills, CA-based hotel chain. The estimated hard construction cost of the first phase is $19 million or about $200,000 per unit, area construction industry estimators tell GlobeSt.com. Hilton is selling one, two and three-bedroom units in the first phase for $11,000 to $32,000 per week, the company confirms. The project is being built in seven phases on 34 acres at International Drive and Vineland Boulevard, adjacent to the Premium Outlet Center. The new timeshare complements a 468-unit operating venture that Hilton Grand Vacations Club has at nearby Sea World International Center.Orlando hospitality industry consultants explain that the company already is scouting for additional land on which to build a third timeshare undertaking. If available, acreage suitable for timeshare developments on or near International Drive, is going for about $1 million per acre or $30 per sf, according to local industrial brokers.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.