Hilton Grand Vacations Acquires Quin Hotel in Manhattan for $175M

NEW YORK CITY — Hilton Grand Vacations has acquired the Quin, a 17-story, 208-room hotel in Midtown Manhattan, for $175 million. The seller is a fund managed by UBS Asset Management, as reported by Bloomberg. The acquisition is the company’s fourth property in New York City. The Quin is a luxury lifestyle hotel located at 101 West 57th St. near Carnegie Hall and Times Square with views of Central Park. The hotel opened in 1929 as the Buckingham and housed a number of famous artists, including Georgia O’Keeffe and Marc Chagall. Hilton Grand Vacations plans to convert the existing 208 rooms into 212 timeshare units. Amenities are expected to include a private owner’s lounge, fitness center and restaurant. The property will remain open during all phases of the transition.