Hilton Grand Vacations

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, 2018, it has 51 properties with 8,367 rooms, all franchised.[1]

For the former parent company, see Hilton Worldwide.
Hilton Grand Vacations, Inc.
Public
Traded asNYSE: HGV
Russell 1000 Component
IndustryTimeshares
Founded1992 (1992)
FounderHilton Worldwide
Headquarters
Orlando, Florida
,
United States
Number of locations
51 (December 31, 2018)[1]
ProductsTimeshare(s)
Websitewww.hiltongrandvacations.com - Consumer website
www.hgv.com - Corporate and investor relations website


Elara, a Hilton Grand Vacations Club in Las Vegas

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.

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 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.[3] Club membership provides exclusive exchange, leisure-travel, and reservation services.

Top competitors

Right of first refusal

When selling an HGVC account, each owner will be required to submit their purchase agreement contract to Hilton. Hilton reserves the right to purchase the ownership directly from the existing owner, thus refusing the sale to the buyer.

References
  1. https://otp.tools.investis.com/clients/us/hilton_worldwide2/SEC/sec-show.aspx?FilingId=13217616&Cik=0001585689&Type=PDF&hasPdf=1
  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 Report Fourth-Quarter and Full-Year 2018 Results". www.businesswire.com. 2019-02-13. Retrieved 2019-12-08.
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