Hilton Grand Vacations Buy Expands Timeshares To Barbados

Law360 (September 10, 2018, 8:55 PM EDT) -- Hilton Grand Vacations Inc. announced Monday that it is expanding its timeshare offerings to the Caribbean with its acquisition of an interest in The Crane Resort in Saint Philip, Barbados' oldest resort, for an expected $54.6 million.

Orlando, Florida-based HGV, which is one of the world's leaders in the timeshare industry, is acquiring existing one-, two- and three-bedroom suite inventory from owner Millennium Investments Ltd., according to HGV's announcement.

The deal will be consummated in several phases over three years. Sales are expected to start as soon as the fourth quarter of this year, with occupancy for HGV's more than 295,000...

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