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. (HGV) delivers premium vacation ownership experiences through its timeshare resorts and exclusive membership programs. This page provides investors and industry professionals with comprehensive access to official company announcements, financial updates, and strategic developments.
Find curated press releases covering earnings reports, property expansions, leadership changes, and operational milestones. Our repository includes updates on HGV's dual business segments: real estate sales for vacation ownership interests and resort management services across global destinations.
Stay informed about innovations in club membership programs like the Hilton Grand Vacations Club® and industry-specific initiatives. All content is sourced directly from company communications to ensure accuracy and timeliness.
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Hilton Grand Vacations (NYSE:HGV) announced the appointment of Gail Mandel to its board of directors, expanding the board to 10 members. Mandel, managing director of Focused Point Ventures, brings extensive hospitality, financial, and public company experience. She has previously served as president and CEO of Wyndham Destination Network, where she oversaw the $1.3 billion divestiture of Wyndham’s European Rentals business and completed over 12 acquisitions. Mandel is expected to leverage her expertise in timeshare, financial, and public company sectors to contribute to HGV's strategic direction. She also holds board positions at Sabre , Dave & Buster’s Entertainment, PureStar, and the Community Foundation of New Jersey.
Hilton Grand Vacations (NYSE:HGV) has completed a $375 million securitization of timeshare loans through Hilton Grand Vacations Trust 2024-2 (HGVT). The issuance includes four classes of Notes: $217 million Class A at 5.50% coupon rate, $80 million Class B at 5.65%, $57 million Class C at 5.99%, and $21 million Class D at 6.91%, with an overall weighted average coupon rate of 5.68% and advance rate of 99%.
This marks HGV’s 11th securitization, highlighting strong investor interest with peak oversubscription of 5.2x and orders from over 30 unique investors. The funds will aid in debt reduction and general corporate purposes. The issuance was managed by BofA Securities and co-managed by several other financial institutions.
Hilton Grand Vacations Inc. reported its first quarter 2024 results with total revenues of $1,156 million, a net loss of $(4) million, and adjusted net income of $99 million. The company repurchased shares worth $99 million and has $213 million remaining under the 2023 Share Repurchase Plan. The guidance for 2024 Adjusted EBITDA is between $1.2 billion to $1.26 billion. The acquisition of Bluegreen Vacations was completed in January 2024.
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