Hilton Grand Vacations

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Hilton Grand Vacations Inc.
Company type Public company
Industry Timeshares
Founded1992;32 years ago (1992)
Founder Hilton Worldwide
Headquarters,
U.S.
Number of locations
  • Over 200
  • 92 Under Hilton Branding
Area served
  • North America
  • Europe
  • Asia
  • Caribbean
Key people
Mark Wang (CEO)
ProductsTimeshare(s)
Brands
  • Hilton Grand Vacation Club
  • Hilton Vacation Club
  • Hilton Club
  • Diamond Resorts
  • Embarc Resorts
  • Bluegreen Vacations
Subsidiaries
Website hgv.com

Hilton Grand Vacations Inc. is a multi-national company that is based in Orlando, Florida, United States. It manages and operates the Hilton Worldwide timeshare and vacation ownership brands under an exclusive licensing agreement with Hilton Worldwide. HGV was formerly a wholly owned subsidiary of Hilton Worldwide until it was spun off into a publicly traded company in 2017. Even though HGV is an independent company post spin-off, Hilton Worldwide still retains full ownership of the Hilton Grand Vacation Club, Hilton Vacation Club, and Hilton Club brands that HGV manages and operates for them. These timeshare brands are all part of Hilton Worldwide's portfolio of 22 hotel and resort brands. [1]

Contents

As of December 2023, HGV has over 700,000 club members and over 200 properties. 92 of the properties are under the Hilton Worldwide timeshare brands (Hilton Grand Vacation Club, Hilton Vacation Club, and Hilton Club), and the remaining properties are under HGV's subsidiary brands (Diamond Resorts, Embarc Resorts, and Bluegreen Corporation). [2]

Dealing in timeshares and vacation ownership, Hilton Grand Vacations develops, manages, markets, and operates a system of vacation club ownership resorts under the Hilton Worldwide timeshare brands. HGV also has several subsidiary brands which are not brands which came from their purchase of smaller independent timeshare companies, but HGV plans to rebrand the majority of these resorts to the Hilton timeshare brands. Resort villas are jointly owned by members who have exclusive use of the properties for limited periods of time through a points-based ownership system. Club members can also exchange their points or interval weeks for vacations at affiliated resorts worldwide, and they are eligible to become part of the Hilton Honors program.

History

Hilton Grand Vacations was launched in 1992 as a subsidiary of Hilton Worldwide, this was the first venture into the timeshare and vacation ownership industry by the Hilton brand. In 2017 HGV was spun off from Hilton Worldwide into a separate publicly traded company, allowing for HGV to be able to focus solely on the timeshare and vacation ownership aspect of the Hilton brand.

The purpose of the 2017 spin-off of Hilton Grand Vacations (and Hilton's lodging real estate investment trust now known as Park Hotels & Resorts) from Hilton Worldwide into separate companies was to transform Hilton Worldwide into an asset-light company, making it more efficient for its shareholders due to it having less capital investments. This means that following the spin-offs, Hilton Worldwide now mainly owns the Hilton brands and not the majority of the physical properties that bear the Hilton name, meaning that it is not responsible for their operation or real estate costs, thus driving up their profits and shareholder value. For HGV this means that Hilton Worldwide owns and licenses the Hilton timeshare brands to HGV in a very similar fashion to how it licenses its hotel brands to the independent franchisees and companies that own and operate the majority of its hotels. Perhaps the largest benefit of the spin-off is the fact that it allows HGV to focus solely on its particular business sector, thus growing and expanding the Hilton timeshare brands at a faster rate.

On March 10, 2021, Hilton Grand Vacations announced its intention to acquire Diamond Resorts for $1.4 billion. [3] [4] The acquisition was completed on August 2, 2021. [5] [6]

On November 6, 2023, Hilton Grand Vacations announced its intention to acquire Bluegreen Corporation for $1.5 billion. The acquisition was completed on January 17, 2024. [7]

Agreement with Hilton Worldwide

HGV has an exclusive licensing agreement with Hilton Worldwide which makes them the only company able to operate, manage, market, and develop the Hilton timeshare brands. In exchange for the license to operate the Hilton timeshare brands, as well as the intellectual property associated with them, HGV pays Hilton Worldwide a license fee of 5% of gross revenues quarterly. These gross revenues include vacation ownership sales or re-sales, property operations revenue, transient rental revenue, and all other revenues earned through the Hilton branded properties.

As part of this licensing agreement with Hilton Worldwide, HGV is required to participate in the Hilton Honors loyalty program. This means that all HGV owners can utilize the program to stay at other Hilton branded properties, and it also means that Hilton Honors members can use their points to stay at HGV resorts. In addition, all HGV resorts appear on Hilton's website and are able to be booked at nightly rates through the Hilton site.

HGV is required to follow strict brand standards when it comes to their operation and management of Hilton branded properties. Under the licensing agreement, Hilton Worldwide has the right to enter and inspect any of HGV's Hilton branded properties at any time without notice to ensure compliance with the licensing agreement and brand standards. Additionally, HGV must obtain approval from Hilton Worldwide before they can modify existing properties, or develop and operate any additional properties under the Hilton timeshare brands.

Brands and Subsidiaries

Elara, a Hilton Grand Vacations Club in Las Vegas Elara, Hilton Grand Vacations - Las Vegas.JPG
Elara, a Hilton Grand Vacations Club in Las Vegas

The Hilton Grand Vacation Club consists of the original Hilton Grand Vacations timeshare resorts, these resorts are considered the top-tier properties in the Hilton Grand Vacations portfolio.

The Hilton Vacation Club consists of resorts that were once a part of Diamond Resorts or Bluegreen Corporation but have now been rebranded as Hilton properties.

The Hilton Club consists of destinations that are in urban settings and are located in the downtown areas of popular major cities. These properties are often HGV exclusive sections of existing Hilton branded hotels rather than standalone resorts.

Diamond Resorts is a wholly owned subsidiary of Hilton Grand Vacations. It was once a separate timeshare resort and ownership company until it was purchased by HGV in 2021. The majority of Diamond Resorts properties will be rebranded to Hilton Vacation Club resorts, but some will retain the Diamond Resorts name.

Embarc Resorts is a wholly owned subsidiary of Hilton Grand Vacations. It was once a separate timeshare resort and ownership company until it was purchased by Diamond Resorts in 2015, and when HGV purchased Diamond in 2021 it was added to the list of HGV subsidiaries. Many of the Embarc properties are being rebranded to Hilton Grand Vacation Club resorts, but some may retain the Embarc name.

Bluegreen Vacations is a wholly owned subsidiary of Hilton Grand Vacations. It was once a separate timeshare resort and ownership company until it was purchased by HGV in 2024. The majority of Bluegreen Vacations properties will be rebranded to Hilton Vacation Club resorts, but some will retain the Bluegreen Vacations name.

Properties

Hilton Grand Vacation Club Properties
PropertyLocation
Parc Soleil, a Hilton Grand Vacations Club Orlando, Florida
Las Palmeras, a Hilton Grand Vacations Club Orlando, Florida
SeaWorld Orlando, a Hilton Grand Vacations Club Orlando, Florida
Tuscany Village, a Hilton Grand Vacations Club Orlando, Florida
McAlpin Ocean Plaza, a Hilton Grand Vacations Club Miami, Florida
Hilton Grand Vacations Club in Sandestin Golf and Beach Resort Miramar Beach, Florida
Elara, a Hilton Grand Vacations Club Las Vegas, Nevada
The Boulevard, a Hilton Grand Vacations Club Las Vegas, Nevada
Paradise, a Hilton Grand Vacations Club Las Vegas, Nevada
Flamingo, a Hilton Grand Vacations Club Las Vegas, Nevada
Trump International Hotel Las Vegas, a Hilton Grand Vacations Club Las Vegas, Nevada
Ocean Tower, a Hilton Grand Vacations Club Big Island (Hawaii)
The Bay Club, a Hilton Grand Vacations Club Big Island (Hawaii)
Kings' Land, a Hilton Grand Vacations Club Big Island (Hawaii)
Kohala Suites, a Hilton Grand Vacations Club Big Island (Hawaii)
The Grand Islander, a Hilton Grand Vacations Club Waikiki Beach, Hawaii
Hokulani Waikiki, a Hilton Grand Vacations Club Waikiki Beech, Hawaii
Kalia Suites, a Hilton Grand Vacations Club Waikiki Beach, Hawaii
Grand Waikikian, a Hilton Grand Vacation Club Waikiki Beach, Hawaii
Lagoon Tower, a Hilton Grand Vacations Club Waikiki Beech, Hawaii
Maui Bay Villas, a Hilton Grand vacations Club Maui, Hawaii
Ocean Enclave, a Hilton Grand Vacations Club Myrtle Beach, South Carolina
Club 22, a Hilton Grand Vacations Club Myrtle Beach, South Carolina
Anderson Ocean Club, a Hilton Grand vacations Club Myrtle Beach, South Carolina
Ocean Oak Resort, a Hilton Grand Vacations Club Hilton Head Island, South Carolina
MarBrisa, a Hilton Grand Vacations Club Carlsbad, California
Hilton Grand Vacations Club Palm Desert Palm Desert, California
Sunrise Lodge, a Hilton Grand Vacations Club Park City, Utah
Chicago Magnificent Mile, a Hilton Grand Vacations Club Chicago, Illinois
Valdoro Mountain Lodge, a Hilton Grand Vacations Club Breckenridge, Colorado
Blue Mountain, a Hilton Grand Vacations Club Blue Mountains, Ontario, Canada
Hilton Grand Vacations Club Whistler Whistler, British Columbia, Canada
Tremblant, a Hilton Grand Vacations Club Mont-Tremblant, Quebec, Canada
Borgo alle Vigne, a Hilton Grand Vacations Club Selvatelle, Italy
Craigendarroch Lodges, Managed by Hilton Grand Vacations Ballater, Scotland
Craigendarroch Suites, a Hilton grand Vacations Club Ballater, Scotland
Dunkeld House Lodges, Managed by Hilton Grand Vacations Dunkeld, Scotland
Hilton Grand Vacations Club Zihuatanejo Zihuatanejo, Mexico
La Pacifica Los Cabos, a Grand Vacations Club Los Cabos, Mexico
The Crane, a Hilton Grand Vacations Club Saint Philip, Barbados
Vilamoura, a Hilton Grand Vacations Club Vilamoura, Portugal
Hilton Vacation Club Properties
PropertyLocation
Grande Villas, a Hilton Vacation Club Orlando, Florida
Aqua Sol, a Hilton Vacation Club Orlando, Florida
Mystic Dunes, a Hilton Vacation Club Celebration, Florida
Polynesian Isles, a Hilton Vacation Club Kissimmee, Florida
Daytona Beach Regency, a Hilton Vacation Club Daytona Beach, Florida
The Cove on Ormond Beach, a Hilton Vacation Club Ormond Beach, Florida
Crescent on South Beach, a Hilton Vacation Club Miami Beach, Florida
Desert Retreat, a Hilton vacation Club Las Vegas, Nevada
Cancun Las Vegas, a Hilton Vacation Club Las Vegas, Nevada
Polo Towers, a Hilton Vacation Club Las Vegas, Nevada
The Modern, a Hilton Vacation Club Honolulu, Hawaii
Hilton Vacation Club Ka'anapali Beach Maui, Hawaii
The Point at Poipu, a Hilton Vacation Club Kauai, Hawaii
Bent Creek Golf Village, a Hilton Vacation Club Gatlinburg, Tennessee
Ocean Beach Club, a Hilton Vacation Club Virginia Beach, Virginia
Oceanaire, a Hilton Vacation Club Virginia Beach, Virginia
The Historic Powhatan, a Hilton Vacation Club Williamsburg, Virginia
Hilton Vacation Club Lake Tahoe Resort South Lake Tahoe, California
Tahoe Seasons, a Hilton Vacation Club South Lake Tahoe, California
San Luis Bay Inn, a Hilton Vacation Club Avila Beach, California
Rancho Manana, a Hilton Vacation Club Cave Creek, Arizona
Varsity Club Tucson, a Hilton Vacation Club Tucson, Arizona
Ridge on Sedona, a Hilton Vacation Club Sedona, Arizona
Sedona Summit, a Hilton Vacation Club Sedona, Arizona
Scottsdale Links Resort, a Hilton Vacation Club Scottsdale, Arizona
Scottsdale Villa Mirage, a Hilton Vacation Club Scottsdale, Arizona
Cabo Azul, a Hilton Vacation Club Cabo San Lucas, Mexico
Flamingo Beach, a Hilton Vacation Club Sint Maarten, Dutch Caribbean
Royal Palm, a Hilton Vacation Club Sint Maarten, Dutch Caribbean
Hilton Club Properties
PropertyLocation
The Hilton Club - New York New York City, New York
West 57th Street, a Hilton Club New York City, New York
The Central at 5th, a Hilton Club New York City, New York
The Quin, a Hilton Club New York City, New York
The Residences, a Hilton Club New York City, New York
The District, a Hilton Club Washington, D.C.
The Bay Forest Odawara, a Hilton Club Odawara, Japan
The Beach Resort Sesoko, a Hilton Club Sesoko Island, Japan
Liberty Place Charleston, a Hilton Club Charleston, South Carolina
Diamond Resorts Properties
PropertyLocation
Bell Rock Inn Sedona, Arizona
Kohls Ranch Lodge Payson, Arizona
Los Abrigados Resort & Spa Sedona, Arizona
PVC at The Roundhouse Resort Pinetop, Arizona
Varsity Clubs of America - Tucson Tucson, Arizona
Desert Isle of Palm Springs Palm Springs, California
Palm Canyon Resort Palm Springs, California
Rivera Beach and Shores Resort Capistrano Beach, California
Rivera Oaks Resort & Racquet Club Ramona, California
The Historic Crags Lodge Estes Park, Colorado
Alhambra Villas Kissimmee, Florida
Barefoot'n Resort Kissimmee, Florida
Bryan's Spanish Cove Orlando, Florida
Charter Club resort of Naples Bay Naples, Florida
Cypress Pointe Resort Orlando, Florida
Grand Beach Orlando, Florida
Liki Tiki Village Winter Garden, Florida
Orbit One Vacation Villas Kissimmee, Florida
Parkway International Resort Kissimmee, Florida
Varsity Clubs of America - South Bend Mishawaka, Indiana
The Suites at Fall Creek Branson, Missouri
Villas de Santa Fe Santa Fe, New Mexico
Beachwoods Resort Kitty Hawk, North Carolina
Fairway Forest Resort Sapphire, North Carolina
Sunrise Ridge Resort Pigeon Forge, Tennessee
Cedar Breaks Lodge & Spa Brian Head, Utah
Beach Quarters Resort Virginia Beach, Virginia
Boardwalk Resort and Villas Virginia Beach, Virginia
Greensprings Vacation resort Williamsburg, Virginia
Turtle Cay Resort Virginia Beach, Virginia
Alpine Club Schladming, Austria
Le Club Mougins Mougins, France
Royal Regency Paris Vincenness Paris, France
Palazzo Catalani Lazio, Italy
Vilar do Golf Algarve, Portugal
Los Amigos Beach Club Mijas Costa, Costa del Sol, Spain
Royal Oasis Club at Pueblo Quinta Benalmádena, Costa del Sol, Spain
Sahara Sunset Benalmádena, Costa del Sol, Spain
Cromer Country Club Norfolk, England
Pine Lake Resort Carnforth, England
The Kenmore Club Perthshire, Scotland
Thurnham Hall Lancashire, England
Woodford Bridge Country Club Devon, England
Wychnor Park Country Club Staffordshire, England
White Sands Beach Club Arenal d'en Castell, Menorca
Club Cala Blanca Mogán, Canary Islands
Club del Carmen Puerto del Carmen, Canary Islands
Jardines del Sol Playa Blanca, Canary Islands
Royal Sunset Beach Club Costa Adeje, Tenerife, Canary Islands
Royal Tenerife Country Club Golf del Sur, Tenerife, Canary Islands
Santa Barbara Golf and Ocean Club Golf del Sur, Tenerife, Canary Islands
Sunset Bay Club Costa Adeje, Tenerife, Canary Islands
Sunset Harbour Club Costa Adeje, Tenerife, Canary Islands
Sunset View Club Golf del Sur, Tenerife, Canary Islands
Embarc Properties [8]
PropertyLocation
Embarc Panorama Panorama, Canada
Embarc Ucluelet Ucluelet, Canada
Embarc Vancouver Vancouver, Canada
Bluegreen Vacations Properties
PropertyLocation
Cibola Vista Resort and Spa Peoria, Arizona
The Club at Big Bear Villaga Big Bear Lake, California
Streamside at Vail Vail, Colorado
The Innsbruck at Aspen Aspen, Colorado
Bayside Resort and Spa Panama City Beach, Florida
Daytona SeaBreeze Daytona Beach Shores, Florida
Dolphin Beach Club Daytona Beach Shores, Florida
Fantasy Island Resort II Daytona Beach Shores, Florida
Casa Del Mar Ormond Beach, Florida
Grande Villas at World Golf St. Augustine, Florida
The Fountains Resort Orlando, Florida
Orlando Sunshine Resort Orlando, Florida
Via Roma Resort Bradenton Beach, Florida
Resort Sixty-Six Holmes Beach, Florida
Gulfstream Manor Gulf Stream, Florida
Solara Surfside Surfside, Florida
The Hammocks at Marathon Marathon, Florida
The Studio Homes at Ellis Square Savannah, Georgia
Hotel Blake Chicago, Illinois
The Marquee New Orleans, Louisiana
Bluegreen Club at La Pension New Orleans, Louisiana
The Breakers Dennis Port, Massachusetts
The Soundings Dennis Port, Massachusetts
Mountain Run at Boyne Boyne, Michigan
The Falls Village Branson, Missouri
Paradise Point Hollister, Missouri
The Wilderness Club at Big Cedar Ridgedale, Missouri
The Cliffs at Long Creek Ridgedale, Missouri
South Mountain Resort Lincoln, New Hampshire
Bluegreen Club 36 Las Vegas, Nevada
The Manhattan Club New York City, New York
Blue Ridge Village Banner Elk, North Carolina
Club Lodges at Trillium Cashiers, North Carolina
The Suites at Hershey Hershey, Pennsylvania
King 583 Charleston, South Carolina
The Lodge Alley Inn Charleston, South Carolina
SeaGlass Tower Myrtle Beach, South Carolina
Carolina Grande Myrtle Beach, South Carolina
Horizons at 77th Myrtle Beach, South Carolina
Harbour Lights Myrtle Beach, South Carolina
Shore Crest Vacation Villas North Myrtle Beach, South Carolina
Mountain Loft Gatlinburg, Tennessee
Laurel Crest Pigeon Forge, Tennessee
Bluegreen Downtown Nashville Nashville, Tennessee
Elian Hotel and Spa San Antonio, Texas
Shenandoah Crossing Gordonsville, Virginia
Patrick Henry Square Williamsburg, Virginia
Parkside Williamsburg Resort Williamsburg, Virginia
Christmas Mountain Village Wisconsin Dells, Wisconsin
Bluegreen Odyssy Dells Wisconsin Dells, Wisconsin

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References

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  2. "Hilton Grand Vacations Completes Acquisition of Bluegreen Vacations" (Press release). Hilton Grand Vacations. January 17, 2024.
  3. Sperance, Cameron (July 19, 2021). "How Hilton Grand Vacations Digests a $1.4 Billion Takeover Will Test Hot Timeshare Market". Skift. Retrieved August 12, 2021.
  4. Leonard, Mike. "Hilton Grand Vacations Board Sued Over $1.4 Billion Diamond Deal". news.bloomberglaw.com. Retrieved August 12, 2021.
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  6. "Closing Release". Hilton Grand Vacations. Retrieved August 12, 2021.
  7. Clark, Patrick (November 6, 2023). "Hilton Grand Vacations to Buy Bluegreen in $1.5 Billion Deal". Bloomberg.
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