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Rhea-AI Summary
Hilton Grand Vacations Inc. (NYSE: HGV) reports its Q4 and full-year 2023 results, with total contract sales at $572 million. The company faced challenges from Maui wildfires and a sales system outage, impacting revenues. Net income for Q4 was $68 million, with adjusted net income at $111 million. Adjusted EBITDA was $270 million, affected by deferrals and challenges. The company repurchased shares worth $99 million and expects 2024 Adjusted EBITDA to be $1.2-$1.26 billion.
Rhea-AI Impact
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End-of-Day
-7.73%
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Rhea-AI Summary
Hilton Grand Vacations Inc. (HGV) will report Q4 and full-year 2023 financial results on Feb. 29, 2024. The teleconference at 11 a.m. (ET) can be accessed online or via phone. Replay available until March 7, 2024.
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-0.25%
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Rhea-AI Summary
Hilton Grand Vacations Inc. (NYSE:HGV) extends its partnership with LPGA for five years, increasing the tournament purse to $2.5 million by 2029. Lydia Ko wins the 2024 Hilton Grand Vacations Tournament of Champions at Lake Nona Golf & Country Club. MLB All-Star Jeff McNeil emerges as the celebrity field champion. Ko secures the Professional Title, marking her 20th LPGA Tour win. The tournament integrates HGV Serves CSR program, making a $100,000 donation to the ANNIKA Foundation and inviting youth from Boys & Girls Clubs of Central Florida.
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0.98%
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Hilton Grand Vacations Inc. (NYSE:HGV) has completed the acquisition of Bluegreen Vacations for approximately $1.5 billion, broadening its offerings and customer reach. The acquisition adds 200,000 members and expands the resort portfolio to nearly 200 properties in 14 new geographies and eight new states. The strategic partnership with Bass Pro Shops and NASCAR transforms the business into a premier vacation ownership and experiences company, with expected cost synergies of $100 million in the first 24 months.
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0.44%
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Hilton Grand Vacations Inc. (NYSE:HGV) has priced an offering of $900 million aggregate principal amount of new 6.625% senior secured notes due 2032 to be issued by its wholly-owned subsidiaries. The notes will mature on Jan. 15, 2032, and the Offering is expected to close on Jan. 17, 2024. The private Offering is part of the financing for the Company’s proposed acquisition of Bluegreen Vacations Holding Corporation for $1.5 billion. The notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption.
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End-of-Day
-1.47%
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Hilton Grand Vacations Inc. (NYSE:HGV) announces the lineup of Ladies Professional Golf Association winners who will participate in the official kickoff to the LPGA Tour season at the 2024 Hilton Grand Vacations Tournament of Champions. The tournament will feature LPGA Tour champions from the previous two seasons competing alongside celebrities from the worlds of music, entertainment, and sports. The event will take place at Lake Nona Golf & Country Club in Orlando, Florida, with a total prize money of $2 million. The tournament will be held on Jan. 18-21 and will be televised nationally on NBC and Golf Channel.
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Rhea-AI Sentiment
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1.47%
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Hilton Grand Vacations Inc. (NYSE:HGV) has commenced a private offering of $900 million aggregate principal amount of new senior secured notes due 2032 to be issued by its subsidiaries for the purpose of acquiring Bluegreen Vacations Holding Corporation for $1.5 billion. The notes and related guarantees have not been registered under the Securities Act and may only be offered to qualified institutional buyers under Rule 144A or to persons outside the United States in compliance with Regulation S.
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0.12%
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Bluegreen Vacations Holding Corporation (BVH) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, with respect to the acquisition by Hilton Grand Vacations Inc. (HGV) for $75.00 per share in cash. The waiting period expired on December 14, 2023, satisfying one of the closing conditions of the transaction. The completion remains subject to other closing conditions, including approval by the Company’s shareholders.
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0.03%
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Hilton Grand Vacations Inc. (NYSE:HGV) to host 2024 Tournament of Champions with 50 entertainment and sports stars alongside LPGA Tour pros
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1.69%
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Hilton Grand Vacations Inc. (NYSE:HGV) has been ranked first in the Hotel and Travel Industry category for the fourth consecutive year on the Dave Thomas Foundation’s 'Best Adoption-Friendly Workplaces' list. The company offers up to $10,000 per child in adoption assistance benefits and 12 weeks of paid parental leave for eligible U.S. team members. This recognition reflects HGV's commitment to supporting adoptive parents and families, aligning with their 'Putting People First' mission.
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Rhea-AI Sentiment
End-of-Day
2.51%
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Hilton Grand Vacations Inc.
NYSE:HGV
HGV Rankings
HGV Stock Data
4.52B
53.58M
1.35%
103.34%
4.36%
Hotels (except Casino Hotels) and Motels
Accommodation and Food Services
United States of America
ORLANDO
About HGV
hilton grand vacations company, llc, is a division of hilton hotels corporation, recognized as the leading global hospitality company. headquartered in orlando, florida, hilton grand vacations develops, markets and operates a system of brand name, high-quality vacation ownership resorts in select vacation destinations. the company also manages and operates two innovative club membership programs: hilton grand vacations club® and the hilton club®, providing exclusive exchange, leisure travel, and reservation services for more than 127,000 club members. hilton grand vacations provides comprehensive on-site management services to all club resorts, including the operation of owner rental programs, resort recreational programs and retail outlets. additionally the company operates one of the industry’s most successful resale programs for its managed resort properties.