Hilton Grand Vacations
 | This article needs additional citations for verification. (July 2017) |
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| Company type | Public company |
|---|---|
| Industry | Timeshares |
| Founded | 1992 |
| Founder | Hilton Worldwide |
| Headquarters | , U.S. |
Number of locations | 55 (December 31, 2019)[1] |
Key people | Mark Wang (CEO) |
| Products | Timeshare(s) |
| Website | hgv |
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.[citation needed]
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]
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.[8] 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.[citation needed] 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
| 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
- ^ a b "Inline XBRL Viewer". www.sec.gov. Retrieved 2020-08-19.
- ^ 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.
- ^ Hilton Grand Vacations to Acquire Diamond Resorts, Creating the Premier Leisure Operator With the Broadest Offering in the Vacation Ownership Industry PRESS RELEASE
- ^ 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.
- ^ Leonard, Mike. "Hilton Grand Vacations Board Sued Over $1.4 Billion Diamond Deal". news.bloomberglaw.com. Retrieved 12 August 2021.
- ^ "Hilton Grand Vacations Completes Acquisition of Diamond Resorts". Retrieved 12 August 2021.
- ^ "Closing Release". Hilton Grand Vacations. Retrieved 12 August 2021.
- ^ "Hilton Grand Vacations to Report Fourth-Quarter and Full-Year 2018 Results". www.businesswire.com. 2019-02-13. Retrieved 2019-12-08.
- ^ "Hilton Grand Vacations Official Site". www.hiltongrandvacations.com. Retrieved 2022-05-17.
External links
- Hilton Grand Vacations consumer website
- Hilton Grand Vacations corporate and investor relations website
- Business data for Hilton Grand Vacations Inc.:
| Luxury | |
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| Lifestyle | |
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| Focused service | |
| All suites | |
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