Hilton Grand Vac Stock Price, News & Analysis

Hilton Grand Vacations (HGV) announces its Tournament of Champions set for January 19-22, 2023, at Lake Nona Golf & Country Club in Orlando, Florida, featuring 30 top LPGA players competing for a $1.5 million purse. Defending champion Danielle Kang will participate, alongside stars like Nelly Korda and Jodi Ewart Shadoff. The event includes celebrity competitions for a $500,000 purse. The tournament marks the launch of the LPGA Tour season and will be broadcast on NBC and Golf Channel.

Hilton Grand Vacations (NYSE:HGV) will host the 2023 HGV Tournament of Champions in Orlando, featuring approximately 50 celebrities alongside LPGA professionals. This star-studded event will take place from January 19-22, 2023, with a total prize pool of $2 million. Notable participants include Roger Clemens, Annika Sörenstam, and Vince Carter. The tournament aims to boost women’s golf visibility and will be televised on NBC and Golf Channel. HGV's commitment to experiential events continues with entertainment from renowned artists.

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.

Hilton Grand Vacations (NYSE:HGV) celebrated the one-year anniversary of The Beach Resort Sesoko in Japan with a grand opening on October 4. This resort is part of HGV's expansion in the APAC region, serving nearly 70,000 members in Japan. Located on Sesoko Island, the resort features 140 ocean-view rooms and offers guests exclusive access to local culture and natural attractions. HGV is committed to community support, hosting food drives and contributing to local initiatives like the Motobu Town Children and Childcare Yuimaru Fund.

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.