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) opened the 2022 LPGA Tour season with the record-breaking Hilton Grand Vacations Tournament of Champions, held from January 20-23 in Orlando, Florida. The event saw nearly three times the ticket sales compared to previous years, with a purse of
Hilton Grand Vacations Inc. (NYSE:HGV) announces its partnership with the LPGA for the 2022 Hilton Grand Vacations Tournament of Champions, taking place from January 20-23 at Lake Nona Golf & Country Club in Orlando, Florida. This year, the tournament features an increased purse of $1.5 million, up from $1.2 million in 2021. Nearly 30 LPGA star athletes, including Nelly Korda and Jessica Korda, will compete alongside various celebrity participants. This event aims to enhance visibility for women’s golf and foster greater fan engagement.
Hilton Grand Vacations (NYSE:HGV) has successfully refinanced and increased its revolving credit facility from
Hilton Grand Vacations Inc. (NYSE:HGV) reported strong Q3 2021 results, with contract sales reaching $433 million. Legacy-HGV sales were $290 million, 81% of Q3 2019 levels, while Diamond contributed $143 million during its 59-day ownership. Total revenues surged to $928 million from $208 million YoY, with net income of $99 million compared to a loss of $7 million in Q3 2020. Adjusted EBITDA also increased to $340 million from $19 million. HGV achieved $70 million in annualized cost synergies from the Diamond acquisition, exceeding half of its $125 million target.
Hilton Grand Vacations (NYSE:HGV) has announced a star-studded concert series for the 2022 Tournament of Champions, featuring artists such as Sheryl Crow and Boyz II Men. The event, taking place at Lake Nona Golf & Country Club in Orlando from January 18-22, will showcase performances alongside a unique golfing format, blending LPGA Tour winners and celebrity players. The tournament offers a prize pool of $1.2 million for professionals and $500,000 for celebrities. This event signifies HGV's commitment to enhancing guest experiences while launching the LPGA Tour season.
Hilton Grand Vacations (NYSE:HGV) announced the soft opening of Maui Bay Villas, its first property on Maui, enhancing its portfolio in Hawaii to ten locations. The oceanfront resort features 31 initial suites, with a total of 388 planned by 2027. Key amenities include a pool and fitness center. Significant infrastructure improvements were made to the local community, alongside a commitment to sustainability through water-efficient appliances and landscaping with native plants. Approximately 50 full-time jobs have been created, with future hiring expected.
Hilton Grand Vacations (NYSE:HGV) will announce its third quarter 2021 financial results on November 9, 2021, before the market opens, followed by a teleconference at 11 a.m. ET. Investors can listen live via the HGV Investor Relations website. For phone access, call 1-877-407-0784 (U.S./Canada) or +1-201-689-8560 internationally, 15 minutes prior to the start. A replay will be available three hours after the call until November 16, 2021. HGV, headquartered in Orlando, Florida, is a renowned timeshare company, developing high-quality vacation ownership resorts worldwide.
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Hilton Grand Vacations (NYSE:HGV) has announced the opening of The Beach Resort Sesoko by Hilton Club on October 5, 2021, on Sesoko Island, Okinawa. This marks the first vacation ownership property in Okinawa, designed to enhance HGV's investment in the APAC region. The resort will provide HGV owners access to unique local experiences and breathtaking natural beauty. The facility features 140 rooms with ocean views, a private pool, and various amenities. The opening week will include cultural activities and gourmet food tastings, promoting the beauty and culture of Okinawa.