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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.
Hilton Grand Vacations Inc. (NYSE:HGV) will announce its second quarter 2022 financial results on August 9, 2022, before market opening, followed by a teleconference at 11 a.m. (ET). Investors can listen to the live webcast on the HGV Investor Relations website. To join by phone, call 1-877-407-0784 for U.S. and Canada, or +1-201-689-8560 internationally, about 15 minutes before the call. A replay will be available for two weeks starting three hours after the call, with access details provided.
Hilton Grand Vacations Inc. (NYSE:HGV) reported its first quarter 2022 results, revealing total revenues of $779 million, significantly up from $235 million in Q1 2021. The company achieved a net income of $51 million, rebounding from a net loss of $7 million in the previous year. Diluted EPS rose to $0.42 compared to ($0.08) in Q1 2021. Notably, the board approved a $500 million share repurchase program and increased the Deferral Adjusted EBITDA outlook to $960-$990 million. The company aims for $150 million in cost synergies from the Diamond acquisition, exceeding previous estimates.
Hilton Grand Vacations (NYSE:HGV) announced the completion of a $750 million revolving warehouse facility, enhancing its capital structure. This facility supports both right-to-use and deeded inventory with a new advance rate of 90%. The facility, managed by Bank of America, features ESG performance indicators affecting its fees. It aims to create synergies with existing non-recourse capital markets. The revolving period ends in May 2024, with final maturity in May 2025. Hilton Grand Vacations emphasizes its commitment to sustainability in this financial arrangement.
Hilton Grand Vacations (NYSE:HGV) will release its Q1 2022 financial results on May 9, 2022, before market opening. A teleconference is scheduled for 11 a.m. ET the same day. Participants can join via the Investor Relations website or dial 1-877-407-0784 in the U.S. For international access, call +1-201-689-8560. Replay will be available after the call until May 16, 2022, with an ID# for access. The company is a leading global timeshare firm headquartered in Orlando, Florida, offering high-quality vacation ownership resorts.
Hilton Grand Vacations (NYSE:HGV) has successfully completed a $246 million securitization of legacy Diamond vacation ownership loans via Hilton Grand Vacations Trust 2022-1D. The issuance includes Class A Notes at 3.61% interest and others ranging from 4.10% to 6.79%, with an overall weighted average interest rate of 4.30%. The offering experienced robust demand, peaking at $2.2 billion, leading to an impressive 8.8x over-subscription.
Net proceeds will be allocated to debt reduction and general corporate purposes.
Hilton Grand Vacations (NYSE:HGV) announces a dollar-for-dollar matching program for donations to the American Red Cross on March 15, up to
Hilton Grand Vacations (NYSE:HGV) reported strong fourth-quarter 2021 results, with total revenues reaching $838 million, a significant increase from $212 million in Q4 2020.
Net income for the quarter was $75 million, recovering from a net loss of $154 million in the previous year. Diluted EPS also improved to $0.62 from ($1.81).
Contract sales totaled $521 million, representing 85% of the pre-pandemic Q4 2019 levels. The company has revised its net leverage target to 2.0x-3.0x, reflecting enhanced cash flow confidence following the acquisition of Diamond Resorts.
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