Hilton Grand Vacations Inc.
TypePublic company
IndustryTimeshares
Founded1992 (1992)
FounderHilton Worldwide
Headquarters
Orlando, Florida
,
U.S.
Number of locations
55 (December 31, 2019)[1]
Key people
Mark Wang (CEO)
ProductsTimeshare(s)
Websitehgv.com
Elara, a Hilton Grand Vacations Club in Las Vegas

Hilton Grand Vacations Inc. is based in Orlando, Florida, United States, with regional offices located in Las Vegas, Nevada, Oahu, Hawaii, New York City, Marco Island, Florida and Sanibel Island, Florida. It was formerly a wholly owned subsidiary of Hilton Inc. (formerly Hilton Worldwide) until it was spun off into a publicly traded company. As of December 31, 2019, it has 55 properties with 8,916 rooms in 5 countries and territories, all franchised.[1]

Dealing in timeshares, Hilton Grand Vacations Company, LLC develops, manages, markets, and operates a system of brand-name vacation club ownership resorts. Resort villas are jointly owned by members who have exclusive use of the properties for limited periods of time (also known as timeshares). Club members can also exchange their intervals for vacations at affiliated resorts worldwide. Various timeshare websites report timeshare owner critiques of the HGVC property experience.

History

A year after investing, HNA Group was in talks to sell some or all of its 25% share in Hilton Grand Vacations, a timeshare business which had spun off from Hilton Worldwide Holdings the year before.[2]

Hilton Grand Vacation announced its intention to acquire Diamond Resorts International on March 10, 2021[3] for $1.4 billion.[4][5] The acquisition was completed on August 2.[6][7]

On November 6, 2023, Hilton Grand Vacation agreed to buy Bluegreen Vacations for $1.5 billion.[8]

Hilton Grand Vacation Club

The Hilton Grand Vacation Club (HGVC) is a timeshare-point-based reservations and exchange system allowing HGVC members leisure-travel opportunities. There are currently more than 300,000 HGVC members worldwide.[9] Club membership provides exclusive exchange, leisure-travel, and reservation services.

Right of first refusal

HGVC retains the right of first refusal for most of its properties. When selling an HGVC account, each owner is required to submit their purchase agreement contract to Hilton. Hilton may decide to exercise ROFR to purchase the subject property, thus refusing the sale to the original buyer. Some of the properties without ROFR are HGVC at the Flamingo, The Bay Club at Waikoloa Beach Resort, and most affiliate resorts.

Similar programs

Properties

Hilton Grand Vacation Club Properties[10]
Property Location
Tuscany Village, a Hilton Grand Vacations Club Orlando, Florida, USA
Parc Soleil, a Hilton Grand Vacations Club Orlando, Florida, USA
Las Palmeras, a Hilton Grand Vacations Club Orlando, Florida, USA
SeaWorld Orlando, a Hilton Grand Vacations Club Orlando, Florida, USA
McAlpin Ocean Plaza, a Hilton Grand Vacations Club Miami Beach, Florida, USA
Kohala Suites, a Hilton Grand Vacations Club Waikoloa Beach, Big Island, Hawaii, USA
The Bay Club, a Hilton Grand Vacations Club Waikoloa Beach, Big Island, Hawaii, USA
Kings’ Land, a Hilton Grand Vacations Club Waikoloa Beach, Big Island, Hawaii, USA
Ocean Tower, a Hilton Grand Vacations Club Waikoloa Beach, Big Island, Hawaii, USA
Lagoon Tower, a Hilton Grand Vacations Club Honolulu, Oahu, Hawaii, USA
Grand Waikikian, a Hilton Grand Vacations Club Honolulu, Oahu, Hawaii, USA
Kalia Suites, a Hilton Grand Vacations Club Honolulu, Oahu, Hawaii, USA
Hokulani Waikiki, a Hilton Grand Vacations Club Honolulu, Oahu, Hawaii, USA
The Grand Islander, a Hilton Grand Vacations Club Honolulu, Oahu, Hawaii, USA
Maui Bay Villas, a Hilton Grand Vacations Club Kihei, Maui, Hawaii, USA
Carlsbad Seapointe Resort Carlsbad, California, USA
Grand Pacific Palisades Resort Carlsbad, California, USA
MarBrisa, a Hilton Grand Vacations Club Carlsbad, California, USA
Valdoro Mountain Lodge, a Hilton Grand Vacations Club Breckenridge, Colorado, USA
Sunrise Lodge, a Hilton Grand Vacations Club Park City, Utah, Utah, USA
Chicago Magnificent Mile, a Hilton Grand Vacations Club Chicago, Illinois, USA
Elara, a Hilton Grand Vacations Club Las Vegas, Nevada, USA
Flamingo, a Hilton Grand Vacations Club Las Vegas, Nevada, USA
Paradise, a Hilton Grand Vacations Club Las Vegas, Nevada, USA
The Boulevard, a Hilton Grand Vacations Club Las Vegas, Nevada, USA
Trump International Hotel Las Vegas, a Hilton Grand Vacations Club Las Vegas, Nevada, USA
The Central at 5th, a Hilton Club New York City, New York, USA
The Quin, a Hilton Club New York City, New York, USA
The Residences, a Hilton Club New York City, New York, USA
West 57th Street, a Hilton Club New York City, New York, USA
Anderson Ocean Club, a Hilton Grand Vacations Club Myrtle Beach, South Carolina, USA
Liberty Place Charleston, a Hilton Club Charleston, South Carolina, USA
Ocean 22, a Hilton Grand Vacations Club Myrtle Beach, South Carolina, USA
Ocean Enclave, a Hilton Grand Vacations Club Myrtle Beach, South Carolina, USA
Ocean Oak Resort, a Hilton Grand Vacations Club Hilton Head Island, South Carolina, USA
The District, a Hilton Club Washington, D.C., USA
Tens of other resorts—domestic affiliated resorts, and international resorts

References

  1. 1 2 "Inline XBRL Viewer". www.sec.gov. Retrieved 2020-08-19.
  2. ↑ Julie Steinberg and Jenny Strasburg (March 12, 2018). "HNA in Talks to Sell Stake in Hilton Grand Vacations a Year After Investing". The Wall Street Journal. The New York Times, New York City, United States. Retrieved March 17, 2018.
  3. ↑ Hilton Grand Vacations to Acquire Diamond Resorts, Creating the Premier Leisure Operator With the Broadest Offering in the Vacation Ownership Industry PRESS RELEASE
  4. ↑ Sperance, Cameron (19 July 2021). "How Hilton Grand Vacations Digests a $1.4 Billion Takeover Will Test Hot Timeshare Market". Skift. Retrieved 12 August 2021.
  5. ↑ Leonard, Mike. "Hilton Grand Vacations Board Sued Over $1.4 Billion Diamond Deal". news.bloomberglaw.com. Retrieved 12 August 2021.
  6. ↑ "Hilton Grand Vacations Completes Acquisition of Diamond Resorts". Retrieved 12 August 2021.
  7. ↑ "Closing Release". Hilton Grand Vacations. Retrieved 12 August 2021.
  8. ↑ Clark, Patrick (November 6, 2023). "Hilton Grand Vacations to Buy Bluegreen in $1.5 Billion Deal". Bloomberg.
  9. ↑ "Hilton Grand Vacations to Report Fourth-Quarter and Full-Year 2018 Results". www.businesswire.com. 2019-02-13. Retrieved 2019-12-08.
  10. ↑ "Hilton Grand Vacations Official Site". www.hiltongrandvacations.com. Retrieved 2022-05-17.
  • Hilton Grand Vacations consumer website
  • Hilton Grand Vacations corporate and investor relations website
  • Business data for Hilton Grand Vacations Inc.:
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