Timeshare Company Spends $175 Million for Hotel on NYC’s Billionaires’ Row

Timeshare company Hilton Grand Vacations Inc. is expanding its presence on Billionaires’ Row with the acquisition of the Quin, a Manhattan hotel with a history reaching back to the 1920s.

The Orlando, Florida-based company paid $175 million to acquire the West 57th Street property, it said in a statement Thursday. The seller was a fund managed by UBS Asset Management, according to a UBS spokeswoman. Hilton Grand Vacations, which spun out of Hilton Worldwide Holdings Inc. in 2017, has a property directly across 57th Street and two others in Manhattan.