Acquisitions A Lodge Two Casino Resorts

HGV Acquires Sunrise Lodge

Hilton Grand Vacations Inc. (HGV) has acquired Sunrise Lodge, a Hilton Grand Vacations Club.

Since 2012, the 83-unit, ski-in mountain lodge in Park City, UT, has been operating under a fee-for-service agreement through which HGV provided marketing, sales and resort management services to the seller Sunrise Park City LLC and its asset manager Lantern Asset Management.

"In buying Sunrise Lodge, we’re deploying our capital to secure another owned resort and on-site sales center, lock in a long-term management contract, realize improved economics on remaining inventory and offer our customers a consistent branding experience," said Mark Wang, president and CEO, Hilton Grand Vacations.

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Source: HotelBusiness