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A blog from CityRealty (Links below will take you to the 6sqft site)

Features

Street facade of the Hilton Grand Vacation via Handel Architects Street facade of the Hilton Grand Vacation via Handel Architects
A new 161-key hotel is squeezing its way onto the clamoring blocks of Midtown East. The Hilton Grand Vacation is a ground-up 32-story hotel development taking shape at 12 East 48th Street between Fifth and Madison avenues. According to the building’s designers, Handel Architects, the concrete frame will be clad in a folded aluminum rain screen, designed to play with the light and shadow. The full-height windows expand in width as the tower rises, “giving a sense of motion to the tower,” says the in-demand firm.
12 East 48th Street Street-level of the Hilton Grand Vacation (Handel Architects)
Inside the building will be timeshare hotel units managed by Hilton, ground-floor retail, and an accessory courtyard and deck. Due to the narrowness of the site, there will be just five to seven rooms per floor.
Midtown-based Hidrock, led by CEO Abraham Hidary, recently finished construction on the Embassy Suites by Hilton at 60 East 37th Street and on a Courtyard by Marriott near the World Trade Center. According to the Real Deal, Hidrock snapped up this site in 2014 for $47 million. The project is steps away from Fifth Avenue shopping and Rockefeller Center, and close to the Theater District and Grand Central Terminal.
Hilton Grand Vacation-034 Construction up tot the seventh floor as of mid-March 2018 (CityRealy)
Hilton Vacation Hotel Google Earth aerial showing location of Hilton Vacation Hotel

Additional Info About the Building