Categories: NewsResorts

Hilton Grand Vacations Celebrates First Year as an Independent, Public Company

Hilton Grand Vacations Inc. (NYSE:HGV) today celebrates one year since ringing the opening bell at the New York Stock Exchange to mark becoming an independent, public company on Jan. 4, 2017, following a spin-off from Hilton (NYSE:HLT).

“2017 was a milestone year for HGV,” says Mark Wang, president and CEO of Hilton Grand Vacations. “We continue to focus on fully activating our business around each of our strategic priorities, especially growing sales and our member base through Net Owner Growth and expanding our footprint and partnerships through opportunistic business ventures.”

In 2017, HGV accomplished the following:

· The Hilton Grand Vacations Club on Sesokojima Island is HGV’s first announced timeshare resort in Asia, through a partnership with Hilton and Mori Trust.

· Grand openings of The District by Hilton Club in Washington, D.C., and The Grand Islander by Hilton Grand Vacations Club in Oahu, Hawaii.

· Acquired a 25 percent interest in LV Tower 52, LLC the developer and seller of Elara, a Hilton Grand Vacations Club, in Las Vegas through a joint venture with Blackstone Real Estate Partners VIII L.P.

· Purchased remaining inventory at Sunrise Lodge, a Hilton Grand Vacations Club, in Park City, Utah, from Sunrise Park City, LLC.

About Hilton Grand Vacations Inc.
Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global timeshare company. With headquarters in Orlando, Fla., 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 280,000 Club Members. For more information, visit www.hgv.com and www.hiltongrandvacations.com.

ResortTrades

Recent Posts

Marriott Vacations Worldwide Names New CEO and President & COO

Marriott Vacations Worldwide (NYSE: VAC), a major player in the global vacation ownership sector, today…

1 week ago

Off-ramp or Lane Change?: For Many Legacy Resorts, It’s Decision Time

In 2013, I attended an ARDA session on innovative solutions for legacy timeshare resorts. Rich…

1 week ago

Business Growth Authority Carl Gould to Headline GNEX 2026

The Perspective Group and GNEX (Growth Networking EXperience) Conference today announced that Carl Gould, a…

2 weeks ago

Colebrook Financial Renews $12M Credit with Breckenridge Grand Vacations

Colebrook Financial, a leading lender to the timeshare and travel club industries, has renewed a…

2 weeks ago

The All-Inclusive Advantage – How to Deliver High Value, High Demand Vacations for Today’s Travelers and Tomorrow’s Owners

All-inclusive travel has surged from a niche preference to a dominant force in global tourism,…

2 weeks ago

The Human Line AI Can’t Cross in Hospitality

The future of hospitality is being shaped in the narrow space between attentiveness and intrusion.…

2 weeks ago