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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 Announces Pricing of Senior Secured Notes

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Hilton Grand Vacations Inc. (NYSE:HGV) has priced an offering of $900 million aggregate principal amount of new 6.625% senior secured notes due 2032 to be issued by its wholly-owned subsidiaries. The notes will mature on Jan. 15, 2032, and the Offering is expected to close on Jan. 17, 2024. The private Offering is part of the financing for the Company’s proposed acquisition of Bluegreen Vacations Holding Corporation for $1.5 billion. The notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption.
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Brooke Henderson, Nelly Korda, Lilia Vu, Lydia Ko and More Compete in Hilton Grand Vacations Tournament of Champions

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Hilton Grand Vacations Inc. (NYSE:HGV) announces the lineup of Ladies Professional Golf Association winners who will participate in the official kickoff to the LPGA Tour season at the 2024 Hilton Grand Vacations Tournament of Champions. The tournament will feature LPGA Tour champions from the previous two seasons competing alongside celebrities from the worlds of music, entertainment, and sports. The event will take place at Lake Nona Golf & Country Club in Orlando, Florida, with a total prize money of $2 million. The tournament will be held on Jan. 18-21 and will be televised nationally on NBC and Golf Channel.
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Hilton Grand Vacations Announces Proposed Offering of Senior Secured Notes

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Hilton Grand Vacations Inc. (NYSE:HGV) has commenced a private offering of $900 million aggregate principal amount of new senior secured notes due 2032 to be issued by its subsidiaries for the purpose of acquiring Bluegreen Vacations Holding Corporation for $1.5 billion. The notes and related guarantees have not been registered under the Securities Act and may only be offered to qualified institutional buyers under Rule 144A or to persons outside the United States in compliance with Regulation S.
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Bluegreen Vacations Holding Corporation Announces Expiration of the HSR Waiting Period for Proposed Transaction with Hilton Grand Vacations

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Bluegreen Vacations Holding Corporation (BVH) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, with respect to the acquisition by Hilton Grand Vacations Inc. (HGV) for $75.00 per share in cash. The waiting period expired on December 14, 2023, satisfying one of the closing conditions of the transaction. The completion remains subject to other closing conditions, including approval by the Company’s shareholders.
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NBC’s Dylan Dreyer, Soccer Legend Landon Donovan, Eight-Time NBA All-Star Vince Carter and Country Music Star Chris Lane to Tee Off LPGA Season in Hilton Grand Vacations Tournament of Champions

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Hilton Grand Vacations Inc. (NYSE:HGV) to host 2024 Tournament of Champions with 50 entertainment and sports stars alongside LPGA Tour pros
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Hilton Grand Vacations Named Among the Nation’s Best Adoption-Friendly Workplaces by Dave Thomas Foundation for Adoption

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Hilton Grand Vacations Inc. (NYSE:HGV) has been ranked first in the Hotel and Travel Industry category for the fourth consecutive year on the Dave Thomas Foundation’s 'Best Adoption-Friendly Workplaces' list. The company offers up to $10,000 per child in adoption assistance benefits and 12 weeks of paid parental leave for eligible U.S. team members. This recognition reflects HGV's commitment to supporting adoptive parents and families, aligning with their 'Putting People First' mission.
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Hilton Grand Vacations Opens 90 New Luxury Rooms on the Las Vegas Strip

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Hilton Grand Vacations Inc. (NYSE:HGV) announces the addition of 90 new luxury rooms at its premiere Las Vegas resort with the opening of Elara, a Hilton Club. The expansion includes adding four top floors of new penthouses to the property, which is already home to Elara, a Hilton Grand Vacations Club. The new units include 34 studios, 40 one-bedroom suites, and 16 two-bedroom suites with modern amenities and floor-to-ceiling windows offering spectacular views of the Las Vegas Strip and surrounding landscapes. Elara, a Hilton Club also offers an elevated, private experience with exclusive owners' lounge and dedicated check-in area. Developed as a joint venture with affiliates of Blackstone Real Estate, Elara features a newly renovated grand lobby, a tropical pool, fitness center, electric vehicle charging, and adjoining access to the Miracle Mile Shops. HGV will host a premier on-track clubhouse for the upcoming FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX.
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Hilton Grand Vacations to Acquire Bluegreen Vacations

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Hilton Grand Vacations Inc. (HGV) has announced its acquisition of Bluegreen Vacations for $1.5 billion. This deal will add over 200,000 members and 48 managed resorts in 14 new geographies to HGV's portfolio. The acquisition is expected to generate approximately $100 million in projected run-rate cost synergies and expand HGV's lead flow through Bluegreen Vacations' strategic partnerships, including an exclusive 10-year marketing agreement with Bass Pro Shops.
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Bluegreen Vacations Holding Corporation to be Acquired by Hilton Grand Vacations

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Bluegreen Vacations Holding Corporation (NYSE: BVH) has entered into a definitive agreement to be acquired by Hilton Grand Vacations Inc. (NYSE: HGV) for $75.00 per share in an all cash transaction. The deal represents a total enterprise value of approximately $1.5 billion, inclusive of net debt. Bluegreen Vacations is a leading vacation ownership company with 49 Club Resorts and 24 Associate Resorts in popular vacation destinations. The acquisition will enhance Hilton Grand Vacations' vacation ownership offering and broaden its reach.
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Hilton Grand Vacations Reports Third Quarter 2023 Results

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Hilton Grand Vacations Inc. reports its Q3 2023 results. Total contract sales were $603 million, member count was 526,000, and consolidated Net Owner Growth (NOG) for the 12 months ended Sept. 30, 2023, was 2.1%. Total revenues for the quarter were $1,018 million, a decrease compared to the same period in 2022. Net income for the quarter was $92 million, a decrease compared to the same period in 2022. Adjusted EBITDA for the quarter was $269 million, a decrease compared to the same period in 2022.
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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