Welcome to our dedicated page for Hilton Grand Vac news (Ticker: HGV), a resource for investors and traders seeking the latest updates and insights on Hilton Grand Vac stock.
Hilton Grand Vacations Inc. (NYSE: HGV) generates a steady flow of news through its activities as a global timeshare and vacation ownership company headquartered in Orlando, Florida. As the exclusive vacation ownership partner of Hilton, the company regularly issues updates on financial performance, capital markets activity, experiential events and strategic developments that are relevant to investors and followers of the hospitality and vacation ownership sector.
News about Hilton Grand Vacations often includes quarterly earnings releases, where the company reports contract sales, segment revenues, Adjusted EBITDA, construction-related revenue deferrals and recognitions, and details on its Real Estate Sales and Financing and Resort Operations and Club Management segments. These releases are typically furnished to the SEC on Form 8-K and provide insight into trends in VOI sales, financing revenue and resort operations.
Another key news category involves financing and securitization transactions. Hilton Grand Vacations frequently announces term note securitizations of timeshare loans through trusts such as Hilton Grand Vacations Trust and Hilton Grand Vacations Japan Trust. These updates describe the size and structure of the securitizations, coupon rates on various classes of notes, and the intended use of proceeds, such as paying down debt and supporting general corporate purposes.
The company also issues news about experiential and sponsorship initiatives tied to its HGV Ultimate Access platform. Examples include announcements related to the Hilton Grand Vacations Tournament of Champions, an LPGA Tour season opener that combines professional golf with celebrity participants and a private concert series, and the HGV Clubhouse at the FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX, a trackside hospitality experience with live entertainment. These stories highlight how Hilton Grand Vacations integrates travel, sports and live entertainment into its member offerings.
Additional news items may cover share repurchase authorizations and activity, secondary offerings by existing stockholders, and the filing of financial information related to acquisitions such as Bluegreen Vacations Holding Corporation. For investors and observers, following HGV news provides visibility into the company’s operating performance, capital structure decisions and evolving portfolio of vacation ownership and experiential offerings.
Hilton Grand Vacations (NYSE: HGV) reported strong third quarter 2022 results, with total contract sales reaching $621 million and total revenues of $1,116 million, up from $928 million in 2021. Net income rose to $150 million, compared to $99 million last year. The company achieved $150 million in run-rate cost synergies ahead of schedule following the Diamond Acquisition. HGV expects 2022 Adjusted EBITDA guidance between $1,025 million and $1,045 million. The company continues to return capital to shareholders, repurchasing 2.3 million shares for $89 million.
Hilton Grand Vacations (NYSE:HGV) will report its third-quarter financial results on November 9, 2022, before the market opens. The results will be followed by a teleconference at 11 a.m. ET. Participants can listen to the live webcast via the HGV Investor Relations website. For phone access, dial 1-877-407-0784 within the U.S. or +1-201-689-8560 internationally. A replay of the teleconference will be available until November 16, 2022. Hilton Grand Vacations is a leading global timeshare company based in Orlando, Florida.
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Hilton Grand Vacations (NYSE:HGV) celebrated the one-year anniversary of The Beach Resort Sesoko in Japan with a grand opening on
Hilton Grand Vacations (NYSE:HGV) has announced a national partnership with Boys & Girls Clubs of America as part of its HGV Serves corporate social responsibility initiative. This partnership aims to empower and inspire young people through volunteer opportunities for HGV team members at local Clubs. The initiative aligns with HGV’s commitment to youth development, alongside disaster relief, homelessness, and veteran support. Mark Wang, CEO of HGV, emphasizes the company's responsibility to create positive community impacts.
Hilton Grand Vacations (HGV) announces the return of the HGV Tournament of Champions, set for January 19-22, 2023, in Orlando, Florida. This premier LPGA Tour event features an all-female concert lineup, including En Vogue, Maren Morris, Ellie Goulding, and Paris Hilton. Participants compete for $1.5 million in prize money, while celebrities vie for $500,000. HGV also introduces the Viva! Las Vegas event, a members-only experience with concerts by Michael Ray and Joey Fatone. HGV aims to enhance its experiential events platform, HGV Ultimate Access, to attract a new generation of travelers.
Hilton Grand Vacations (NYSE:HGV) has successfully completed a $269 million securitization of ownership loans through Hilton Grand Vacations Trust 2022-2. The issued Notes include approximately $153 million of Class A, $73 million of Class B, $26 million of Class C, and $17 million of Class D Notes, with overall interest rates ranging from 4.30% to 8.73%. Proceeds will be used for debt repayment and corporate purposes. Five new investors joined the platform, allowing competitive pricing despite higher benchmark rates.
Hilton Grand Vacations (HGV) reported its Q2 2022 results with total contract sales of $617 million, exceeding pre-pandemic levels. The company achieved $948 million in total revenues, a significant increase from $334 million in Q2 2021. Net income rose to $73 million from $9 million year-over-year, with diluted EPS climbing to $0.60, compared to $0.10. Adjusted EBITDA reached $273 million, driven by improved travel demand and a growing member base from the Diamond Acquisition. HGV maintains its 2022 guidance for Deferral Adjusted EBITDA between $960 million and $990 million.
Hilton Grand Vacations (NYSE:HGV) announces a three-day concert series headlined by En Vogue, Maren Morris, and Ellie Goulding during the 2023 HGV Tournament of Champions, scheduled for January 17, 19, and 21 in Orlando, Florida.
This event will feature LPGA Tour winners alongside celebrities and has a total purse of $2 million. The tournament also supports the ANNIKA Foundation, which promotes opportunities for female golfers.
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.