The Timeshare Owners Blog first updated you about Hilton’s plans for a new Manhattan timeshare in our September 25, 2006, blog. The Hilton Hotels Corporation describes this new timeshare property as Hilton’s first “purpose built” timeshare in Manhattan, meaning that it is being designed and built from the ground up to meet the needs and preferences of Manhattan-bound travelers and timeshare owners.

Although work was originally scheduled to commence in January of this year, the 28-floor Hilton Grand Vacations Club property is now finally under construction, with the official groundbreaking this past week, on June 28. When purchased directly from Hilton as new timeshares, timeshare units there will start at about $40,000 for a studio and go up to about $100,000 for a penthouse, per one-week timeshare interval. While Hilton Grand Vacations Club properties historically hold their value well, it would not be unreasonable to expect to be able to purchase a previously owned timeshare unit at this property for a lower price in the future.

If you are currently a member of Hilton Grand Vacations Club, you can look forward to perhaps exchanging for time at this new venue in early 2009. With its location on West 57 Street, between 7 Avenue and the Avenue of Americas, the new Hilton timeshare resort will be convenient to Carnegie Hall, the Lincoln Center, and many of the most popular business and entertainment destinations in Manhattan.

If you are looking to buy or rent Manhattan timeshare resales NOW, the Manhattan Club and the Hilton Club New York are excellent choices for owning midtown luxury and convenience at a realistic price.