By the Caribbean Journal staff
Hilton’s timeshare wing, Hilton Grand Vacations, has announced a major investment in Los Cabos.
The company has made a $41 million deposit to buy 87 of the 375 hotel rooms at the Hilton Los Cabos Beach and Golf Resort in Mexico.
The investment is part of a joint venture including Trinity Real Estate Investments.
The plans is to convert the 87 rooms into a total of 74 timeshare units, according to the company, with renovation expected to begin in the second quarter of 2019.
The property is located in the Cabo Real community at the tip of Baja California.
— CJ