57th Street time share sells half its units

TRD New York /
Nov.November 13, 2009 12:00 PM

While popular vacation spots like Florida and the Hamptons ostensibly have the market on time shares cornered, it could be New York City’s turn to crack into the market — the Hilton Club at 102 West 57th Street, between Fifth and Sixth avenues, has already sold half its units, according to a report from the New York Times. The new tower, comprised of 161 time-share units (studios and one-bedrooms, only) is the first in the city to be built as a time share. Units cost between $33,900 for a studio and $125,000 for a penthouse. Even though not everyone is a fan of the new development, some industry experts say that the construction represents a new era of city-based time shares. “There are a lot more people traveling to metropolitan areas that are closer to where they live,” said Adam Schwartz, a senior vice president with Wyndham Vacation Ownership. His group has 20 properties in urban locales.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Invitation Homes CEO Dallas Tanner (iStock; Tanner via Invitation Homes)

Invitation Homes may double its single-family portfolio

Invitation Homes may double its single-family portfolio
Richard Branson and Brightline train (Getty, Virgin)

Brightline ends partnership with Virgin Trains in South Florida

Brightline ends partnership with Virgin Trains in South Florida
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
(Google Maps)

National retail chains paid 80% of July rent, a Covid high

National retail chains paid 80% of July rent, a Covid high
Dan GIlbert (Getty, iStock)

Mortgage mogul Dan Gilbert sees net worth quicken to $34B

Mortgage mogul Dan Gilbert sees net worth quicken to $34B
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...