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) announced its exclusive sponsorship of the American Red Cross Extended Giving Day fundraiser campaign on March 27. The company will match donations dollar-for-dollar up to $50,000 to support disaster relief efforts during Red Cross Month.
The campaign aims to provide critical resources like temporary shelter, food, and care to disaster-affected communities. The Red Cross currently responds to major disasters every 15 days, with increasing frequency and intensity of disasters reported in recent years.
This initiative is part of HGV's corporate social responsibility program, HGV Serves, which focuses on disaster relief, homelessness, military & families, and youth development. The program includes volunteer events such as home builds, care package preparation, and hygiene kit building events.
Hilton Grand Vacations (HGV) reports Q4 and full year 2024 results with total contract sales of $837 million and total revenues of $1.284 billion, up from $1.019 billion in Q4 2023. The company's member count reached 724,000 with a 1.1% Net Owner Growth.
Q4 net income declined to $20 million ($0.19 per diluted share) from $68 million ($0.62 per diluted share) in Q4 2023. Adjusted EBITDA was $240 million compared to $270 million in the same period last year. Results were impacted by a $49 million net deferral related to Hawaii construction projects.
HGV completed the Bluegreen Vacations acquisition in January 2024 and plans to increase its quarterly share repurchase goal to $150 million from $100 million. The company repurchased 3.2 million shares for $125 million in Q4. For 2025, HGV projects Adjusted EBITDA of $1.125-1.165 billion, including $25 million in incremental consumer financing interest expense.
Hilton Grand Vacations (NYSE:HGV) has scheduled its fourth quarter and full year 2024 financial results announcement for Thursday, February 27, 2025, before market open. The company will host a teleconference at 11 a.m. ET on the same day.
Investors can access the live webcast through the HGV Investor Relations website. For telephone access, participants can dial 1-877-407-0784 (U.S./Canada) or +1-201-689-8560 (International) approximately 15 minutes before the start time. If audio issues occur on the toll-free line, participants are advised to use the international number.
A replay will be available for two weeks until March 13, 2025, accessible via 1-844-512-2921 (U.S.) or +1-412-317-6671 (International) using ID# 13751065. The webcast replay and transcript will be posted within 24 hours on the investor relations website.
A Lim Kim has won the 2025 Hilton Grand Vacations Tournament of Champions, while former NHL All-Star Joe Pavelski claimed victory in the celebrity division. Kim finished at 20-under par, securing her third LPGA title by maintaining her lead throughout all four rounds at Lake Nona Golf & Country Club.
The tournament featured 32 LPGA Tour winners competing for a $2 million purse alongside 51 celebrities vying for $500,000 using a modified Stableford format. The event included entertainment highlights such as concerts by Luke Bryan, Chicago, and 3 Doors Down.
HGV demonstrated its community commitment through a $100,000 donation to the ANNIKA Foundation and hosted its annual Women's Leadership Conference featuring sports icons Brandi Chastain and Kira Dixon. The tournament also provided career exploration opportunities for Boys & Girls Clubs of Central Florida youth.
Hilton Grand Vacations (NYSE:HGV) has announced a new partnership with Operation Homefront, a national nonprofit supporting military families. HGV will donate $100,000 to support Operation Homefront's programs, including the Back-to-School Brigade® and Holiday Meals for Military®.
Operation Homefront has been providing family support programs since 2002, directing 83% of expenditures to help military families. The Back-to-School Brigade® has saved families over $63 million through school supplies distribution, delivering over 42,000 backpacks in 2024. Their Holiday Meals for Military® program has served more than 190,000 families since 2010.
As part of HGV Serves, the company's corporate social responsibility program, team members in select markets will have opportunities to volunteer for Operation Homefront initiatives. The partnership aims to support military families in the communities they protect.
Hilton Grand Vacations (NYSE:HGV) has successfully refinanced its credit facilities and term loans, achieving more favorable terms and extended maturities. The company's Revolving Credit Facility has been recast with reduced pricing spreads, expanded covenants, and extended maturity to January 2030.
Key refinancing details include:
- Term Loan A repriced to SOFR plus 165 basis points (down from 175)
- $828M Term Loan B (2028) repriced to SOFR plus 200 basis points (down from 250)
- $839M Term Loan B (2031) repriced to SOFR plus 200 basis points (down from 225)
The company expects these changes, along with full realization of run-rate synergies and declining integration spend over the next 24 months, to enhance its ability to execute strategic initiatives and expand vacation ownership offerings.
Hilton Grand Vacations (NYSE:HGV) has announced the lineup for the 2025 Hilton Grand Vacations Tournament of Champions, featuring 32 LPGA Tour winners from the previous two seasons competing alongside celebrities. The tournament, scheduled for Jan. 30 to Feb. 2 at Lake Nona Golf & Country Club in Orlando, offers $2 million in prize money for LPGA players and a $500,000 purse for celebrities.
Defending champion and LPGA Hall of Famer Lydia Ko will return, joining notable players like Olympic gold medalist Nelly Korda, Brooke Henderson, and 2023 Rookie of the Year Haeran Ryu. The celebrity roster includes NBC's Dylan Dreyer, actor Don Cheadle, NBA All-Star Blake Griffin, and NFL Hall of Famer Charles Woodson.
The event will feature a three-night private concert series with performances by Luke Bryan, Chicago, and 3 Doors Down. The tournament will be broadcast nationally on NBC, Peacock, and Golf Channel.
Hilton Grand Vacations (NYSE:HGV) has announced the celebrity lineup for its 2025 Tournament of Champions, featuring notable personalities including NBC's Dylan Dreyer, Don Cheadle, Blake Griffin, and Charles Woodson. The event, serving as the LPGA Tour's season opener, will be held from January 30 to February 2, 2025, at Lake Nona Golf & Country Club in Orlando.
LPGA Hall of Famer Lydia Ko, the reigning tournament winner, joins as a 2025 brand ambassador and will participate in exclusive events for HGV members. The tournament offers $2 million in prize money for LPGA Tour champions and a separate $500,000 purse for celebrities. The event will feature a three-night private concert series headlined by Luke Bryan and Chicago, among others.
Hilton Grand Vacations (NYSE:HGV) has launched a new youth golf clinic program in partnership with Boys & Girls Clubs of Central Florida. The six-week program features World Long Drive Champion Maurice Allen as coach, focusing on mental resilience, strategic thinking, and overcoming challenges. The initiative will conclude before the 2025 Hilton Grand Vacations Tournament of Champions, where participants will have the opportunity to attend and observe professional golfers.
The tournament is scheduled for Jan. 30-Feb. 2, 2025, at Lake Nona Golf & Country Club in Orlando, Florida, featuring LPGA Tour players and celebrities. The event will include a three-night private concert series headlined by Luke Bryan and Chicago.
Hilton Grand Vacations (NYSE:HGV) has closed an upsized $850 million revolving warehouse facility that will accommodate both deeded and trust inventory, including loans from recently acquired Bluegreen Vacations. The facility maintains a 90% maximum advance rate and will revolve until November 2026, with final maturity in November 2027. Bank of America continues as administrative agent, with participation from multiple major banks. This consolidation represents a significant milestone in integrating HGV's capital markets platforms following the Bluegreen acquisition in January 2024.