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Hilton Grand Vacations Inc. - HGV STOCK NEWS

Welcome to our dedicated page for Hilton Grand Vacations news (Ticker: HGV), a resource for investors and traders seeking the latest updates and insights on Hilton Grand Vacations stock.

Hilton Grand Vacations Inc. (HGV) is a leading timeshare company and a division of Hilton Hotels Corporation. Headquartered in Orlando, Florida, HGV specializes in the development, marketing, and management of high-quality vacation ownership resorts in select travel destinations.

Core Business: The company operates in two main segments: Real Estate Sales and Financing and Resort Operations and Club Management. The Real Estate Sales and Financing segment predominately generates revenue from the sale of Vacation Ownership Interests (VOIs) and related financing. The Resort Operations and Club Management segment provides comprehensive management services to a network of resorts. This includes managing owner rental programs, recreational programs, and retail outlets.

Membership Programs: HGV operates two exclusive club membership programs: Hilton Grand Vacations Club® and The Hilton Club®. These programs offer over 127,000 members exclusive access to exchange, leisure travel, and reservation services, enhancing their vacation experience.

Recent Achievements and Current Projects: The company has been expanding its portfolio with new properties in top vacation destinations. It's recognized for its successful resale programs for managed resort properties, ensuring the value of ownership remains strong. HGV also focuses on enhancing customer experience through innovative services and world-class hospitality, which are hallmarks of the Hilton brand.

Financial Condition: The majority of HGV's revenue is derived from its Real Estate Sales and Financing segment, showcasing a robust financial model. The company is committed to maintaining strong financial health to support its strategic growth initiatives.

Partnerships: As part of the Hilton Hotels Corporation, HGV leverages its association with one of the most recognized names in global hospitality to provide exceptional vacation experiences. Their strategic partnerships continue to drive customer satisfaction and operational excellence.

Significance: Hilton Grand Vacations Inc. stands out in the timeshare industry for its quality offerings and strong brand reputation. Investors and travelers alike recognize the value of its well-managed resorts and innovative vacation solutions.

News

Hilton Grand Vacations and Great Wolf Lodge Partner to Offer New Travel Experiences for Families

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Hilton Grand Vacations (HGV) partners with Great Wolf Lodge to offer new travel experiences for families, allowing HGV members to stay at Great Wolf Lodge locations using club points and introducing Great Wolf Lodge guests to HGV's vacation offerings. The partnership enhances family travel options, strengthens HGV's position in experiential travel, and aims to deepen relationships with existing members while attracting new customers.
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Hilton Grand Vacations Unveils 2024 Brand Ambassadors to Headline Exclusive Member Experiences

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Hilton Grand Vacations (HGV) unveils its 2024 Brand Ambassadors, including Annika Sörenstam, Joey Fatone, Katharine McPhee, and others, to enhance exclusive member experiences. The company aims to offer unique events like concerts, sporting events, and private chef dinners to its members, leading the industry in experiential travel. The partnerships with brand ambassadors will help expand HGV's vacation offerings and reach a broader audience, with upcoming events planned in Las Vegas, Orlando, Honolulu, and Myrtle Beach.
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Hilton Grand Vacations Successfully Reprices Term Loan B

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Hilton Grand Vacations Inc. (NYSE:HGV) successfully re-prices its $1.3 billion Term Loan B, reducing pricing by 25 basis points and removing credit spread adjustment. The company aims to save over $4.5 million annually, leveraging its strong balance sheet for strategic priorities.
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Hilton Grand Vacations Elevates Dan Mathewes to President and Chief Financial Officer, Appoints Dusty Tonkin as EVP, Chief Sales & Marketing Officer

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Hilton Grand Vacations Inc. (NYSE:HGV) announced the promotion of Dan Mathewes to president and CFO, while Dusty Tonkin is named EVP, chief sales & marketing officer. Mathewes will focus on integrating the recent acquisition of Bluegreen Vacations, aiming for market expansion and efficiency enhancement. Tonkin brings 28 years of industry experience to lead global sales & marketing, following his successful tenure at Bluegreen Vacations and Wyndham Destinations.
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Hilton Grand Vacations Wins National Top Workplace Recognition

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Hilton Grand Vacations Inc. (HGV) has been recognized as a national winner of the 2024 Top Workplaces USA awards for its people-first culture and robust benefits packages. The company made its debut on the list, highlighting its outstanding workplace culture. HGV team members participated in an annual survey and emphasized the company's commitment to prioritizing and empowering its employees. The recognition follows a year of growth for HGV, including significant acquisitions and partnerships. HGV continues to invest in its workforce and is actively seeking new talent to join its team.
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Hilton Grand Vacations Partners with American Red Cross to Support Urgent Disaster Relief for “Early Giving Day” Campaign

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Hilton Grand Vacations Inc. partners with the American Red Cross for the third annual 'Early Giving Day' fundraiser campaign, matching donations dollar-for-dollar up to $50,000. The initiative aims to support disaster relief efforts following a year of costly weather-related disasters in the U.S. totaling over $92 billion. HGV's commitment to community resilience and disaster relief reflects its ongoing corporate social responsibility efforts.
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Hilton Grand Vacations Reports Fourth Quarter and Full Year 2023 Results

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Hilton Grand Vacations Inc. (NYSE: HGV) reports its Q4 and full-year 2023 results, with total contract sales at $572 million. The company faced challenges from Maui wildfires and a sales system outage, impacting revenues. Net income for Q4 was $68 million, with adjusted net income at $111 million. Adjusted EBITDA was $270 million, affected by deferrals and challenges. The company repurchased shares worth $99 million and expects 2024 Adjusted EBITDA to be $1.2-$1.26 billion.
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Hilton Grand Vacations to Report Fourth Quarter and Full Year 2023 Results

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Hilton Grand Vacations Inc. (HGV) will report Q4 and full-year 2023 financial results on Feb. 29, 2024. The teleconference at 11 a.m. (ET) can be accessed online or via phone. Replay available until March 7, 2024.
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Lydia Ko Wins 2024 Hilton Grand Vacations Tournament of Champions, Jeff McNeil Claims Celebrity Title

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Hilton Grand Vacations Inc. (NYSE:HGV) extends its partnership with LPGA for five years, increasing the tournament purse to $2.5 million by 2029. Lydia Ko wins the 2024 Hilton Grand Vacations Tournament of Champions at Lake Nona Golf & Country Club. MLB All-Star Jeff McNeil emerges as the celebrity field champion. Ko secures the Professional Title, marking her 20th LPGA Tour win. The tournament integrates HGV Serves CSR program, making a $100,000 donation to the ANNIKA Foundation and inviting youth from Boys & Girls Clubs of Central Florida.
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Hilton Grand Vacations Completes Acquisition of Bluegreen Vacations

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Hilton Grand Vacations Inc. (NYSE:HGV) has completed the acquisition of Bluegreen Vacations for approximately $1.5 billion, broadening its offerings and customer reach. The acquisition adds 200,000 members and expands the resort portfolio to nearly 200 properties in 14 new geographies and eight new states. The strategic partnership with Bass Pro Shops and NASCAR transforms the business into a premier vacation ownership and experiences company, with expected cost synergies of $100 million in the first 24 months.
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FAQ

What is the current stock price of Hilton Grand Vacations (HGV)?

The current stock price of Hilton Grand Vacations (HGV) is $41.85 as of November 15, 2024.

What is the market cap of Hilton Grand Vacations (HGV)?

The market cap of Hilton Grand Vacations (HGV) is approximately 4.1B.

What does Hilton Grand Vacations Inc. do?

Hilton Grand Vacations Inc. develops, markets, and manages high-quality vacation ownership resorts and operates exclusive club membership programs.

Where is Hilton Grand Vacations Inc. headquartered?

Hilton Grand Vacations Inc. is headquartered in Orlando, Florida.

What are the main business segments of Hilton Grand Vacations Inc.?

The main business segments are Real Estate Sales and Financing, and Resort Operations and Club Management.

How does Hilton Grand Vacations Inc. generate most of its revenue?

Most of its revenue is generated through the Real Estate Sales and Financing segment, primarily from VOI sales and related financing.

What are the club membership programs offered by Hilton Grand Vacations Inc.?

The company offers Hilton Grand Vacations Club® and The Hilton Club®, providing exclusive exchange, leisure travel, and reservation services.

What kind of services does Hilton Grand Vacations Inc. provide at its resorts?

The company provides management services including owner rental programs, recreational programs, and retail outlets.

How many members are part of Hilton Grand Vacations' club programs?

There are over 127,000 members in Hilton Grand Vacations' club programs.

Is Hilton Grand Vacations Inc. associated with Hilton Hotels Corporation?

Yes, Hilton Grand Vacations is a division of Hilton Hotels Corporation.

Where does Hilton Grand Vacations Inc. have its resorts?

The company has vacation ownership resorts in select premier vacation destinations.

What is the significance of Hilton Grand Vacations Inc. in the industry?

Hilton Grand Vacations is recognized for its high-quality resorts, innovative services, and strong brand reputation in the timeshare industry.

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Hilton Grand Vacations Inc.

NYSE:HGV

HGV Rankings

#1412 Ranked by Market Cap
N/A Ranked by Dividends

HGV Stock Data

4.14B
98.49M
1.45%
107.21%
6.69%
Resorts & Casinos
Hotels, Rooming Houses, Camps & Other Lodging Places
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United States of America
ORLANDO