ORLANDO, FL—Hilton Grand Vacations (HGV) and Strand Capital Group will develop a new resort in Hilton Head Island, SC.
The resort is slated for development on a 7-acre beachfront parcel located on South Forest Beach, a one mile beachfront stretch between the Coligny District and Sea Pines Plantation.
The project is the latest venture in the five-year history of HGV and Strand Capital collaborations, most recently highlighted by the development of Ocean 22 by Hilton Grand Vacations Club Myrtle Beach, SC, which is currently slated to open in July 2015.
Sales of ownership interests at the new Hilton Head Island resort are projected to launch in April 2015.
Construction is planned for two phases of development, with first occupancy anticipated in early summer 2016. The new resort will be comprised of four distinct buildings and is entitled for 125 two-bedroom units. Plans call for a spacious lobby and arrival entry, an oceanfront feature pool and adjacent pool bar, under-unit parking and additional amenities.
Patrick Lowe, principal partner with Strand Capital Group commented, “We are pleased to yet again engage with Hilton Grand Vacations to bring a third resort to South Carolina. Our Hilton Head Island location is absolutely ideal and we will optimize the opportunity to develop a spectacular resort on this premier parcel.”
Strand Capital Group will develop the project and Hilton Grand Vacations will manage the sales and marketing of deeded real estate intervals, resort operations, timeshare homeowners’ association management and loan servicing on behalf of Strand.