Trump and Hilton Bring Luxury Vacation Ownership to Trump International Hotel Las Vegas

LAS VEGAS--(BUSINESS WIRE)--The Trump Organization has announced today that it will be bringing Luxury Vacation Ownership to Trump International Hotel Las Vegas through Hilton Grand Vacations, the timeshare division of Hilton Worldwide. Trump International Hotel Las Vegas has sold approximately 300 condominium units to Hilton, and Hilton Grand Vacations will use those units as luxury timeshare accommodations beginning next spring.

“Our collaboration with the Trump Organization will yield a remarkable new ownership opportunity at one of the most celebrated properties in Las Vegas. This innovative venture strengthens the momentum of our industry-leading performance in the Las Vegas market and adds a new product tier to our diverse resort portfolio.”

“When it comes to vacation ownership in Las Vegas, Hilton truly does an outstanding job. We are confident that this relationship will not only add to the tremendous appeal of Trump Las Vegas but also will provide great benefit to our existing owners. The property continues to garner incredible accolades and is one of the most sought after in all of Las Vegas,” said Donald J. Trump, Chairman and President of the Trump Organization.

According to Mark Wang, president of Hilton Grand Vacations, “Our collaboration with the Trump Organization will yield a remarkable new ownership opportunity at one of the most celebrated properties in Las Vegas. This innovative venture strengthens the momentum of our industry-leading performance in the Las Vegas market and adds a new product tier to our diverse resort portfolio.”

First occupancy of the Hilton Grand Vacations units at Trump International Hotel Las Vegas is anticipated to begin in early 2013. Trump Hotel Collection, the award winning hotel management company, will continue to manage every aspect of Trump International Hotel Las Vegas.

Hilton Grand Vacations will be responsible for the sale of timeshare intervals.

About Trump International Hotel Las Vegas

A dramatic, 64-story tower encased in 24-karat gold glass, Trump International Hotel™ Las Vegas shines like a magnificent jewel - a striking addition to a skyline legendary for bold architectural statements. The property features 1,232 ultra-luxury hotel condominium suites as well as 50 exclusive penthouses, ranging in size from approximately 515 to 2,745 square feet. Suites are priced from $300,000 for a studio to more than $3.5 million for the largest penthouse. All units feature floor to ceiling windows with spectacular views of Las Vegas, marble bathrooms with double sinks and expansive whirlpool tubs, state-of-the-art kitchen appliances and flat screen televisions. Its amenities include an award-winning day spa, fitness center, salon, acclaimed restaurants, DJT and H2Eau, an outdoor heated pool and sundeck, as well as full-service business center. The experience at Trump International Hotel Las Vegas is at a level of excellence that is undeniably Trump. www.trumpvegascondos.com

About Hilton Grand Vacations

Hilton Resorts Corporation, dba Hilton Grand Vacations, is a division of Hilton Worldwide, recognized as the leading global hospitality company. Headquartered in Orlando, Florida, Hilton Grand Vacations develops, markets and operates a system of brand name, high-quality vacation ownership resorts in select vacation destinations. The company also manages and operates two innovative club membership programs: Hilton Grand Vacations Club® and The Hilton Club®, providing exclusive exchange, leisure travel, and reservation services for more than 186,000 Club Members. For more information, visit www.hiltongrandvacations.com or connect at www.hiltongrandvacationsmediacenter.com.

About Hilton Worldwide

Hilton Worldwide is a leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For 93 years, Hilton Worldwide has offered business and leisure travelers the finest in accommodations, service, amenities and value. The company is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Its brands are comprised of more than 3,900 hotels and timeshare properties, with 640,000 rooms in 91 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages the world-class guest reward program Hilton HHonors®. Visit www.hiltonworldwide.com for more information and connect with Hilton Worldwide at www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, www.flickr.com/hiltonworldwide and www.linkedin.com/company/hilton-worldwide.