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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.

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Hilton Grand Vacations (HGV) announces its Tournament of Champions set for January 19-22, 2023, at Lake Nona Golf & Country Club in Orlando, Florida, featuring 30 top LPGA players competing for a $1.5 million purse. Defending champion Danielle Kang will participate, alongside stars like Nelly Korda and Jodi Ewart Shadoff. The event includes celebrity competitions for a $500,000 purse. The tournament marks the launch of the LPGA Tour season and will be broadcast on NBC and Golf Channel.

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Hilton Grand Vacations (NYSE:HGV) will host the 2023 HGV Tournament of Champions in Orlando, featuring approximately 50 celebrities alongside LPGA professionals. This star-studded event will take place from January 19-22, 2023, with a total prize pool of $2 million. Notable participants include Roger Clemens, Annika Sörenstam, and Vince Carter. The tournament aims to boost women’s golf visibility and will be televised on NBC and Golf Channel. HGV's commitment to experiential events continues with entertainment from renowned artists.

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Hilton Grand Vacations (NYSE: HGV) reported strong third quarter 2022 results, with total contract sales reaching $621 million and total revenues of $1,116 million, up from $928 million in 2021. Net income rose to $150 million, compared to $99 million last year. The company achieved $150 million in run-rate cost synergies ahead of schedule following the Diamond Acquisition. HGV expects 2022 Adjusted EBITDA guidance between $1,025 million and $1,045 million. The company continues to return capital to shareholders, repurchasing 2.3 million shares for $89 million.

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Hilton Grand Vacations (NYSE:HGV) will report its third-quarter financial results on November 9, 2022, before the market opens. The results will be followed by a teleconference at 11 a.m. ET. Participants can listen to the live webcast via the HGV Investor Relations website. For phone access, dial 1-877-407-0784 within the U.S. or +1-201-689-8560 internationally. A replay of the teleconference will be available until November 16, 2022. Hilton Grand Vacations is a leading global timeshare company based in Orlando, Florida.

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Hilton Grand Vacations (NYSE:HGV) celebrated the one-year anniversary of The Beach Resort Sesoko in Japan with a grand opening on October 4. This resort is part of HGV's expansion in the APAC region, serving nearly 70,000 members in Japan. Located on Sesoko Island, the resort features 140 ocean-view rooms and offers guests exclusive access to local culture and natural attractions. HGV is committed to community support, hosting food drives and contributing to local initiatives like the Motobu Town Children and Childcare Yuimaru Fund.

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Hilton Grand Vacations (NYSE:HGV) has announced a national partnership with Boys & Girls Clubs of America as part of its HGV Serves corporate social responsibility initiative. This partnership aims to empower and inspire young people through volunteer opportunities for HGV team members at local Clubs. The initiative aligns with HGV’s commitment to youth development, alongside disaster relief, homelessness, and veteran support. Mark Wang, CEO of HGV, emphasizes the company's responsibility to create positive community impacts.

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Hilton Grand Vacations (HGV) announces the return of the HGV Tournament of Champions, set for January 19-22, 2023, in Orlando, Florida. This premier LPGA Tour event features an all-female concert lineup, including En Vogue, Maren Morris, Ellie Goulding, and Paris Hilton. Participants compete for $1.5 million in prize money, while celebrities vie for $500,000. HGV also introduces the Viva! Las Vegas event, a members-only experience with concerts by Michael Ray and Joey Fatone. HGV aims to enhance its experiential events platform, HGV Ultimate Access, to attract a new generation of travelers.

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Hilton Grand Vacations (NYSE:HGV) has successfully completed a $269 million securitization of ownership loans through Hilton Grand Vacations Trust 2022-2. The issued Notes include approximately $153 million of Class A, $73 million of Class B, $26 million of Class C, and $17 million of Class D Notes, with overall interest rates ranging from 4.30% to 8.73%. Proceeds will be used for debt repayment and corporate purposes. Five new investors joined the platform, allowing competitive pricing despite higher benchmark rates.

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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 $39.3 as of December 20, 2024.

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

The market cap of Hilton Grand Vacations (HGV) is approximately 3.8B.

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.

Hilton Grand Vacations Inc.

NYSE:HGV

HGV Rankings

HGV Stock Data

3.81B
90.62M
1.38%
105.05%
6.63%
Resorts & Casinos
Hotels, Rooming Houses, Camps & Other Lodging Places
Link
United States of America
ORLANDO