Industry Update
Press Release 1 July 2015

Ocean 22 by Hilton Grand Vacations Club Marks Official Debut in Myrtle Beach, South Carolina

Hilton doubles its timeshare presence in Myrtle Beach, South Carolina with new resort developed by Strand Capital Group; launching city’s first new-build oceanfront resort in seven years

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Hilton Grand Vacations Co.

Hilton Grand Vacations (HGV) and Strand Capital Group today announced the official debut of Ocean 22 by Hilton Grand Vacations Club in Myrtle Beach, SC. As the area's newest purpose-built timeshare project, Ocean 22 also debuts as the tallest resort in the City of Myrtle Beach – featuring 24 floors and topping out at 240 feet. The project also holds the distinction of being the first new oceanfront resort construction in Myrtle Beach since 2008.

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The resort celebrated its grand opening on June 30 with an official ribbon cutting ceremony and reception hosted by Mark Wang, President of Hilton Grand Vacations and Loyd Daniel, Managing Partner of Strand Capital Group. John Rhodes, Mayor of Myrtle Beach along with other local dignitaries welcomed the property to the Grand Strand, highlighting its importance as the first new oceanfront resort construction in Myrtle Beach since 2008, and citing the positive economic impact this development brings to the region.

"Our ongoing collaboration with Strand Capital Group provides a unique model that delivers more resort options for our HGV owners and guests," says Mark Wang. "The contemporary design, oceanfront location and stellar guest service at Ocean 22 offer visitors to famous Myrtle Beach an exceptional vacation experience consistent with what travelers have come to expect from Hilton Grand Vacations."

Charles Daniel, partner with Strand Capital Group, added, "We are extremely pleased with the results of our second collaborative effort with Hilton Grand Vacations and believe we have created a world-class resort which will be renowned along the eastern seaboard and beyond."

According to Erik Johnson, General Manager for Hilton Grand Vacations resorts in Myrtle Beach, "Following an extremely successful hiring event in May, we have a fantastic team in place at Ocean 22." Johnson also oversees the operation of the 172-unit Hilton Grand Vacations Club at Anderson Ocean Club, which opened in the summer of 2011.

Ocean 22 is comprised of 220 luxuriously-appointed condominium style units including one-, two- and three-bedroom ocean view and oceanfront suites. Located in the heart of the Grand Strand and overlooking the Atlantic Ocean, the property includes an outdoor feature pool, indoor pool and hot tub, pool bar, lobby bar, fitness center, grab-n-go deli and a dedicated kids' area. Guests enjoy direct access to the public beach from the resort's private pool deck area. The central location of Ocean 22 also provides ideal access to the region's acclaimed golf courses, shopping, dining and nightlife.

The resort, situated in central Myrtle Beach at 2200 North Ocean Boulevard, is Strand's 15th high-rise project and the second project in the market developed in collaboration with Hilton Grand Vacations. Earlier this year, a new state-of-the-art 10,400 square foot Sales Gallery opened across from the resort, and continues to sustain strong consumer demand for ownership opportunities.

Visit hiltongrandvacations.com or call +1 843-848-4175 for more information. Nightly reservations are also offered at hilton.com.

About Hilton Grand Vacations Company, LLC

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 235,000 Club Members. For more information, visit www.hiltongrandvacations.com, hiltongrandvacationsmediacenter.com or connect at clubtraveler.com.

About Strand Capital Group

Strand Capital Group, LLC is the premier real estate development firm along the Carolina Coast specializing in oceanfront destination resorts along the South Carolina Coast. Strand Capital Group is also active in oceanfront condominium sales and marketing through its affiliate CENTURY 21 Strand Group. For more information, visit www.strandcapital.com.

Related Brand

Hilton Grand Vacations

Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global timeshare company. With headquarters in Orlando, Fla., USA, Hilton Grand Vacations develops, markets and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations.
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About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 17 world-class brands comprising nearly 5,900 properties with more than 939,000 rooms, in 114 countries and territories. Dedicated to fulfilling its mission to be the world's most hospitable company, Hilton earned a spot on the 2018 world's best workplaces list, and has welcomed more than 3 billion guests in its 100-year history. Through the award-winning guest loyalty program Hilton Honors, more than 94 million members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy, plus enjoy instant benefits, including digital check-in with room selection, Digital Key, and Connected Room. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram, and YouTube.

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