{"id":1004045486,"date":"2012-08-01T07:49:19","date_gmt":"2012-08-01T15:49:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004043760"},"modified":"2022-12-05T14:33:14","modified_gmt":"2022-12-05T22:33:14","slug":"marriott-vacations-kicks-off-third-phase-of-223-unit-timeshare-in-las-vegas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marriott-vacations-kicks-off-third-phase-of-223-unit-timeshare-in-las-vegas\/","title":{"rendered":"Marriott Vacations Kicks Off Third Phase of 223-Unit Timeshare in Las Vegas"},"content":{"rendered":"<p>By Barbra Murray, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/marriott-vacations-kicks-off-third-phase-of-223-unit-timeshare-in-las-vegas\/1004043760.html\/attachment\/marriott\" rel=\"attachment wp-att-1004043762\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004043762\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cpe-radio-photo-300x191\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/07\/CPE-Radio-Photo-300x191.jpg\" data-orig-size=\"300,191\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"CPE-Radio-Photo-300&#215;191\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/07\/CPE-Radio-Photo-300x191.jpg?w=300\" class=\"alignright size-medium wp-image-1004043762\" title=\"Marriott\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/08\/Marriott.jpg\" alt=\"\" width=\"300\" height=\"300\" \/><\/a><\/p>\n<p>Seven years after opening Marriott&#8217;s Grand Chateau in Las Vegas, Marriott Vacations Worldwide Corp. has commenced construction of the third tower at the complex of ownership villas.<\/p>\n<p>Timing is everything, particularly in the timeshare market, and it appears the timing is right for the third phase of Grand Chateau to get underway. &#8220;Overall demand and sales performance have continued to increase,&#8221; Ed Kinney, vice president, corporate affairs with Marriott Vacations Worldwide, told <em>CPE<\/em>.<\/p>\n<p>Carrying the address of 75 East Harmon Ave., Grand Chateau towers above the famed Las Vegas Strip, at a location between Planet Hollywood Hotel &amp; Casino and Signature at MGM Grand. The new 37-story tower will encompass 223 Marriott Vacation Club villas with sizes ranging from 820 to 2,100 square feet and featuring high-end amenities completing the existing two structures. Upon completion of the project, the Grand Chateau property will feature a total of 643 residences.<\/p>\n<p>&#8220;The Las Vegas market has been great for us, which has allowed us to continue on with our phased construction,&#8221; said Kinney. &#8220;It&#8217;s exciting to be in the market; it&#8217;s certainly been a high-demand location for us.&#8221;<\/p>\n<p>On a national level, the vacation timeshare industry is on an upswing. According to a recently released study by Ernst &amp; Young, 2011 sales of vacation units increased slightly from the previous year. Approximately 80 percent of owners continued to travel to their timeshare residences, a figure that outpaces traditional hotel occupancy.<\/p>\n<p>The doors of the third tower at Grand Chateau will swing open to the first residents in mid-2014. But completion of the project will not mark the end of development at the property, &#8220;The plan was originally approved for four buildings and that&#8217;s still our goal, and construction will be based on sales performance,&#8221; Kinney noted. &#8220;That will finish out the project.&#8221; If all goes as planned, Grand Chateau will ultimately feature 895 villas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seven years after opening Marriott&#8217;s Grand Chateau in Las Vegas, Marriott Vacations Worldwide Corp. has commenced construction of the third tower at the complex of ownership villas.<\/p>\n","protected":false},"author":969,"featured_media":1004536177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21751,21742,4,15],"tags":[],"class_list":["post-1004045486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-hotel","category-latest","category-regions","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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