Hilton time-share to be built outside Las Vegas

Hilton Hotels Corp., the second-largest U.S. hotel company, said it would build a time-share property outside of Las Vegas that would include its first units under the Waldorf-Astoria brand.

The project, which is scheduled to open in 2009, also will include 200 Hilton-branded units at the Lake Las Vegas Resort in Henderson, Nev., the company said.