reports
Hilton Grand Vacations Announces Upsized and Consolidated $850 Million...
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV) announces today the closing on an upsized $850 million revolving warehouse facility. The facility will accommodate both deeded and trust inventory including loans from legacy Bluegreen Vacations, which HGV acquired in January 2024. The facility includes customary used and unused fees and the maximum advance rate remains at 90%. The facility’s revolving period will end in November 2026, with a final maturity in November 2027. “We are pleased to complete this significant milestone in integrating our capital markets platforms,” said Dan Mathewes, p...
Hilton Grand Vacations Inc: 1 director
A director at Hilton Grand Vacations Inc sold 20,000 shares at 42.310USD and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ye...
Hilton Grand Vacations Completes $500 Million Term Securitization
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV) announces today the completion of a $500 million securitization of timeshare loans through Hilton Grand Vacations Trust 2024-3 (“the Trust”). Three classes of Notes were issued by the Trust, including approximately $273 million of Class A Notes, approximately $147 million of Class B Notes, and approximately $80 million of Class C Notes. The Class A Notes have a coupon rate of 4.98%, the Class B Notes have a coupon rate of 5.27%, and the Class C Notes have a coupon rate of 5.71%, for an overall weighted average coupon rate of 5.18%, and an overall a...
Hilton Grand Vacations Reports Third Quarter 2024 Results
ORLANDO, Fla.--(BUSINESS WIRE)-- Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV” or “the Company”) today reports its third quarter 2024 results. Third quarter of 2024 highlights1 Total contract sales were $777 million. Member count was 722,000. Net Owner Growth (NOG) for the legacy HGV-DRI business for the 12 months ended Sept. 30, 2024, was 1.2%. Total revenues for the third quarter of 2024 were $1.306 billion compared to $1.018 billion for the same period in 2023. Total revenues were affected by a net recognition of $49 million in the current period compared to a net deferral of $12 ...
Hilton Grand Vacations to Report Third Quarter 2024 Results
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV) announces it will report financial results for the third quarter of 2024 before the financial markets open on Thursday, Nov. 7, 2024, followed by a teleconference at 11 a.m. (ET). Participants are encouraged to listen to the live webcast by logging onto the HGV Investor Relations website at . To access the live teleconference via phone, please dial 1-866-250-8117 in the U.S./Canada (or internationally) approximately 15 minutes prior to the teleconference’s start time. In the event of audio difficulties during the call on the toll-free number, pa...
Hilton Grand Vacations Announces New Acquisition in Kyoto
KYOTO, Japan--(BUSINESS WIRE)-- (NYSE:HGV) the premier vacation ownership and experiences company, today announced it has purchased the Citadines Kyoto Karasuma Gojo in Kyoto, Japan. This will be the company’s first property in Kyoto and its third property in Japan. “Building on our history as the leading vacation ownership company in Japan, we’re thrilled to expand our portfolio to offer even more vacation experiences to our members,” says Mark Wang, CEO of Hilton Grand Vacations. “Kyoto is a world-famous cultural destination for travelers, filled with history, heritage and elegance, and we...
Hilton Grand Vacations Successfully Issues New Term Loan A
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV) announces today the successful issuance of a $400 million Senior Secured Term Loan A, maturing January 2028, with pricing of SOFR plus 175 basis points. The funds will be used to partially pre-pay the $1.3 billion Term Loan B, maturing August 2028. “With impressive execution, we continue to lower our interest costs and optimize our balance sheet, positioning us for the future,” said Dan Mathewes, president and chief financial officer of Hilton Grand Vacations. “This issuance strengthens the company’s balance sheet and generates nearly $10 million i...
Hilton Grand Vacations Recognized for Exceptional Culture
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV), the premier vacation ownership and experiences company, is pleased to announce new accolades recognizing its exceptional company culture. Recently, HGV was named to Newsweek’s “Top Most Loved Workplaces®” list where it placed second in the hospitality category. In addition, the company was featured on the “Most Admired Workplaces 2025” in America list by Newsweek and is the only timeshare company included on this prestigious list. This press release features multimedia. View the full release here: (Graphic: Business Wire) These recognitions honor H...
Hilton Grand Vacations Announces Appointment of Christine Cahill to it...
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV) (“HGV” or “the Company”), the premier vacation ownership and experiences company, today announced the appointment of Christine Cahill to its board of directors. Cahill will assume the seat vacated by the departure of Alex Van Hoek. Cahill currently serves as principal at Apollo Global Management (“Apollo”), having joined the firm in 2018. She will continue her role at Apollo, where she evaluates, executes and manages investments for Apollo’s flagship private equity fund. Prior to joining Apollo, Cahill worked in the investment banking division at ...
Hilton Grand Vacations Reports Second Quarter 2024 Results
ORLANDO, Fla.--(BUSINESS WIRE)-- Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV” or “the Company”) today reports its second quarter 2024 results. Second quarter of 2024 highlights1 Total contract sales were $757 million. Member count was 720,000. Net Owner Growth (NOG) for the legacy HGV-DRI business for the 12 months ended June 30, 2024, was 1.7%. Total revenues for the second quarter of 2024 were $1.235 billion compared to $1.007 billion for the same period in 2023. Total revenues were affected by a net deferral of $13 million in the current period compared to a net deferral of $...
Hilton Grand Vacations to Report Second Quarter 2024 Results
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV) announces it will report financial results for the second quarter of 2024 before the financial markets open on Thursday, Aug. 8, 2024, followed by a teleconference at 11 a.m. (ET). Participants are encouraged to listen to the live webcast by logging onto the HGV Investor Relations website at . To access the live teleconference via phone, please dial 1-877-407-0784 in the U.S./Canada (or internationally) approximately 15 minutes prior to the teleconference’s start time. In the event of audio difficulties during the call on the toll-free number,...
Hilton Grand Vacations Announces Star-Studded Entertainment Lineup for...
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV), the premier vacation ownership and experiences company, announces the performance lineup for the highly anticipated 2025 . As the LPGA Tour season kickoff, the annual tournament brings together entertainment, music and sports celebrities to compete alongside top LPGA Tour winners from the previous two seasons in one of golf’s most unique events. The HGV Tournament of Champions is known for offering once-in-a-lifetime experiences that extend beyond the golf course. An experiential highlight of the 2025 event will be an exclusive three-night private ...
Hilton Grand Vacations Successfully Reprices Term Loan B
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV) announces today the successful re-pricing of its existing $900 million Term Loan B, maturing Jan. 17, 2031. The new pricing will be SOFR plus 225 basis points, down from SOFR plus 275 basis points. “We’re pleased with our continued execution and success on our capital markets platform, further reducing our spreads and borrowing costs,” said Dan Mathewes, president and chief financial officer of Hilton Grand Vacations. “Despite a volatile market, we continued to expand our investor base and generate nearly $4.5 million in annual savings.” Proceed...
HGV Clubhouse by Hilton Grand Vacations to Return for 2024 FORMULA 1 H...
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV), the premier vacation ownership and experiences company, announces the renewal of its official partnership with the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX. Set against the backdrop of the vibrant Las Vegas Strip, the HGV Clubhouse will return to the highly anticipated event this fall to offer fans an exclusive, all-inclusive viewing experience from Nov. 21-23. This press release features multimedia. View the full release here: The HGV Clubhouse will return to the highly anticipated FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX this fall of...
Hilton Grand Vacations Announces Appointment of Gail Mandel to its Boa...
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV) (“HGV” or “the Company”), the premier vacation ownership and experiences company, today announced the appointment of Gail Mandel to its board of directors. The addition of Mandel expands the Company’s board of directors from nine to 10 members. Mandel serves as managing director of Focused Point Ventures and has extensive hospitality, financial and public company experience. She will continue her role at Focused Point Ventures, where she provides advisory and consulting services focused on the analysis of investment theses and structuring, capital...
Hilton Grand Vacations Reports First Quarter 2024 Results
ORLANDO, Fla.--(BUSINESS WIRE)-- Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV” or “the Company”) today reports its first quarter 2024 results. First quarter of 2024 highlights1 Total contract sales were $631 million. Member count was 718,000. Net Owner Growth (NOG) for the legacy HGV-DRI business for the 12 months ended March 31, 2024, was 2%. Total revenues for the first quarter of 2024 were $1,156 million compared to $934 million for the same period in 2023. Total revenues were affected by a net recognition of $2 million in the current period compared to a net recognition of $4...
Hilton Grand Vacations Completes $240 Million Term Securitization
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV) announces today the completion of a $240 million securitization of legacy Bluegreen Vacations timeshare loans through Hilton Grand Vacations Trust 2024-1B (“the Trust”). Four classes of Notes were issued by the Trust, including approximately $101 million of Class A Notes, approximately $58 million of Class B Notes, approximately $46 million of Class C notes, and approximately $35 million of Class D Notes. The Class A Notes have a coupon rate of 5.75%, the Class B Notes have a coupon rate of 5.99%, the Class C Notes have a coupon rate of 6.62%, and...
Hilton Grand Vacations to Report First Quarter 2024 Results
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV) announces it will report financial results for the first quarter of 2024 before the financial markets open on Thursday, May 9, 2024, followed by a teleconference at 11 a.m. (ET). Participants are encouraged to listen to the live webcast by logging onto the HGV Investor Relations website at . To access the live teleconference via phone, please dial 1-877-407-0784 in the U.S./Canada (or internationally) approximately 15 minutes prior to the teleconference’s start time. In the event of audio difficulties during the call on the toll-free number, p...
Hilton Grand Vacations Unveils 2024 Brand Ambassadors to Headline Excl...
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV), the premier vacation ownership and experiences company, announces its 2024 Hilton Grand Vacation Brand Ambassadors, including legendary golfer Annika Sörenstam, iconic musician Joey Fatone, singer and actress Katharine McPhee and others. These brand ambassadors will be a central part of the thousands of exclusive private events hosted for HGV members throughout the year, including concerts, sporting events and private chef dinners. HGV is at the forefront of experiential travel, leading the industry in unique offerings and meeting the growing dem...
Hilton Grand Vacations Wins Eight ARDA Awards
ORLANDO, Fla.--(BUSINESS WIRE)-- (NYSE:HGV), the premier vacation ownership and experiences company, was recently honored with eight awards in the 2024 American Resort Development Association (ARDA) Awards Program, which celebrates exceptional resorts, teams and individuals in the timeshare industry. For the second consecutive year, HGV earned two coveted ARDA Circle of Excellence (ACE) Awards, which represent the highest level of excellence within the resort industry. Elara, a Hilton Club, which opened last year and is HGV’s ninth property in Las Vegas, was honored with the prestigious ACE...
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