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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 (HGV) reported its Q2 2022 results with total contract sales of $617 million, exceeding pre-pandemic levels. The company achieved $948 million in total revenues, a significant increase from $334 million in Q2 2021. Net income rose to $73 million from $9 million year-over-year, with diluted EPS climbing to $0.60, compared to $0.10. Adjusted EBITDA reached $273 million, driven by improved travel demand and a growing member base from the Diamond Acquisition. HGV maintains its 2022 guidance for Deferral Adjusted EBITDA between $960 million and $990 million.
Hilton Grand Vacations (NYSE:HGV) announces a three-day concert series headlined by En Vogue, Maren Morris, and Ellie Goulding during the 2023 HGV Tournament of Champions, scheduled for January 17, 19, and 21 in Orlando, Florida.
This event will feature LPGA Tour winners alongside celebrities and has a total purse of $2 million. The tournament also supports the ANNIKA Foundation, which promotes opportunities for female golfers.
Hilton Grand Vacations Inc. (NYSE:HGV) will announce its second quarter 2022 financial results on August 9, 2022, before market opening, followed by a teleconference at 11 a.m. (ET). Investors can listen to the live webcast on the HGV Investor Relations website. To join by phone, call 1-877-407-0784 for U.S. and Canada, or +1-201-689-8560 internationally, about 15 minutes before the call. A replay will be available for two weeks starting three hours after the call, with access details provided.
Hilton Grand Vacations Inc. (NYSE:HGV) reported its first quarter 2022 results, revealing total revenues of $779 million, significantly up from $235 million in Q1 2021. The company achieved a net income of $51 million, rebounding from a net loss of $7 million in the previous year. Diluted EPS rose to $0.42 compared to ($0.08) in Q1 2021. Notably, the board approved a $500 million share repurchase program and increased the Deferral Adjusted EBITDA outlook to $960-$990 million. The company aims for $150 million in cost synergies from the Diamond acquisition, exceeding previous estimates.
Hilton Grand Vacations (NYSE:HGV) announced the completion of a $750 million revolving warehouse facility, enhancing its capital structure. This facility supports both right-to-use and deeded inventory with a new advance rate of 90%. The facility, managed by Bank of America, features ESG performance indicators affecting its fees. It aims to create synergies with existing non-recourse capital markets. The revolving period ends in May 2024, with final maturity in May 2025. Hilton Grand Vacations emphasizes its commitment to sustainability in this financial arrangement.
Hilton Grand Vacations (NYSE:HGV) will release its Q1 2022 financial results on May 9, 2022, before market opening. A teleconference is scheduled for 11 a.m. ET the same day. Participants can join via the Investor Relations website or dial 1-877-407-0784 in the U.S. For international access, call +1-201-689-8560. Replay will be available after the call until May 16, 2022, with an ID# for access. The company is a leading global timeshare firm headquartered in Orlando, Florida, offering high-quality vacation ownership resorts.
Hilton Grand Vacations (NYSE:HGV) has successfully completed a $246 million securitization of legacy Diamond vacation ownership loans via Hilton Grand Vacations Trust 2022-1D. The issuance includes Class A Notes at 3.61% interest and others ranging from 4.10% to 6.79%, with an overall weighted average interest rate of 4.30%. The offering experienced robust demand, peaking at $2.2 billion, leading to an impressive 8.8x over-subscription.
Net proceeds will be allocated to debt reduction and general corporate purposes.
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