New Addition to Hilton Grand Vacations Announced

Hilton Grand Vacations (HGV) and Strand Capital Group have announced the Hilton Grand Vacations Club at Anderson Ocean Club in Myrtle Beach, S.C.

The project combines the industry-leading sales and marketing expertise of Hilton Grand Vacations with the established development and property management strength of Strand Capital Group who has developed the project.

Hilton Grand Vacations will manage the sales and marketing on behalf of Strand Capital Group of deeded weeks, and will also oversee the timeshare homeowners’ association management and loan servicing. Oceana Resorts, a Strand Capital Group company, will provide on-site property management services.

Hilton Grand Vacations Club at Anderson Ocean Club will be comprised of 152 luxurious timeshare units and is planned for an opening in early 2012 within the existing Anderson Ocean Club and Spa resort on the oceanfront in Myrtle Beach, South Carolina.

Developed by Strand Capital Group the majestic oceanfront property features studios and one, two- and three- bedroom apartments. Interior design renovations will begin in the autumn and plans call for the installation of upgraded furnishings, fixtures and d├ęcor.

“After extensive evaluation of the Myrtle Beach market, we are confident that our collaboration with Strand Capital Group optimizes the strength of our entry into this thriving region," said Mark Wang, President of Hilton Grand Vacations.

"For more than 40 percent of our Club Members, Myrtle Beach is a favorite drive-to vacation destination. We’re thrilled to bring a phenomenal Hilton Grand Vacations Club resort to Myrtle Beach in response to the sustained demand from our Club membership. By bringing together the spectacular setting of the Anderson Ocean Club and the tremendous travel advantages of Hilton Grand Vacations Club - we’re taking vacation ownership in Myrtle Beach to an unprecedented level.”

Patrick Lowe, Principal Partner with Strand Capital Group, said, “We are now positioned to maximize the true potential of this extraordinary property. We developed the Anderson Ocean Club and Spa as the premier resort property and residences in Myrtle Beach and with Hilton Grand Vacations, our vision will now be realized through enhanced channels."

Loyd Daniel, Managing Partner of Strand Capital Group added, “The ability to launch project sales in May and welcome the first owners only seven months later is absolutely remarkable and made possible only through this unique collaboration and innovative business model."

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