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Hilton Grand Vacations

From Wikipedia, the free encyclopedia

Hilton Grand Vacations, Inc.
Public
Traded asNYSEHGV
Russell 1000 Component
IndustryTimeshares
Founded1992; 27 years ago (1992)
FounderHilton Worldwide
Headquarters
Orlando, Florida
,
United States
ProductsTimeshare(s)
WebsiteConsumer website
Corporate and investor relations website
Elara, a Hilton Grand Vacations Club in Las Vegas
Elara, a Hilton Grand Vacations Club in Las Vegas

Hilton Grand Vacations Inc. is based in Orlando, Florida, United States, with regional offices located in Las Vegas, Nevada, Oahu, Hawaii, New York City, Marco Island, Florida and Sanibel Island, Florida. It was formerly a wholly owned subsidiary of Hilton Inc. (formerly Hilton Worldwide) until it was spun off into a publicly traded company.

Dealing in timeshares, Hilton Grand Vacations Company, LLC develops, manages, markets, and operates a system of brand-name vacation club ownership resorts. Resort villas are jointly owned by members who have exclusive use of the properties for limited periods of time (also known as timeshares). Club members can also exchange their intervals for vacations at affiliated resorts worldwide. Various timeshare websites report timeshare owner critiques of the HGVC property experience.

A year out after investing, HNA Group was in talks to sell some or all of its 25% share in Hilton Grand Vacations, a timeshare business which had spun off from Hilton Worldwide Holdings the year before.[1]

Hilton Grand Vacation Club

The Hilton Grand Vacation Club (HGVC) is a timeshare-point-based reservations and exchange system allowing HGVC members leisure-travel opportunities. There are approximately 250,000 HGVC members worldwide.[citation needed] Club membership provides exclusive exchange, leisure-travel, and reservation services.

Top competitors

Right of first refusal

When selling an HGVC account, each owner will be required to submit their purchase agreement contract to Hilton. Hilton reserves the right to purchase the ownership directly from the existing owner, thus refusing the sale to the buyer. Hilton must pay at least the amount the seller was originally contracted for. This program helps maintain long-term resale value for HGVC ownerships.[citation needed]

See also

References

  1. ^ Julie Steinberg and Jenny Strasburg (March 12, 2018). "HNA in Talks to Sell Stake in Hilton Grand Vacations a Year After Investing". The Wall Street Journal. The New York Times, New York City, United States. Retrieved March 17, 2018.

External links

This page was last edited on 31 December 2018, at 11:18
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