Foley orienta Hilton em negócio hoteleiro de US$ 175 milhões

A Foley representou a Hilton Grand Vacations na aquisição, no valor de US$ 175 milhões, de um hotel de 208 quartos na cidade de Nova Iorque, que a empresa planeia converter em 212 unidades de «férias urbanas».

Orlando, Florida-based Hilton Grand Vacations, which was spun out of Hilton Worldwide Holdings as a separate company in 2017, said the purchase plays a part in the company’s continuing expansion of its urban vacation portfolio offerings for club members.

“Adding high-quality properties in desirable destinations is a key component in advancing our strategic priorities,” Mark Wang, president and CEO of Hilton Grand Vacations, told Law360 in a report about the deal.

The midtown Manhattan luxury hotel will remain open during its conversion into timeshare studios and one- and two-bedroom units, with timeshare sales expected to get underway by the fourth quarter of 2019.

Foley partner Matthew Jassak, along with associates Jasmine Esmailbegui and Nicholas Kitzman, represented Hilton Grand Vacations in the transaction.