HGV

Hilton Grand Vacations Completes $375 Million Term Securitization

Retrieved on: 
Donnerstag, Mai 30, 2024
Retail, Luxury, Vacation, Lodging, Destinations, Travel, Tourist Attractions, BofA Securities, Risk, Analysis, Tax, Class, Goldman Sachs, Hilton Grand Vacations, S&P, Calendar, MUFG, Capital market, HGV, Regulation, AAA, Hilton Grand Vacations Club, ABS, Note, Wells Fargo, Annual report, Fitch Ratings, Communication, Result, Hotel

Hilton Grand Vacations Inc. (NYSE:HGV) announces today the completion of a $375 million securitization of timeshare loans through Hilton Grand Vacations Trust 2024-2 (“HGVT”).

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV) announces today the completion of a $375 million securitization of timeshare loans through Hilton Grand Vacations Trust 2024-2 (“HGVT”).
  • Four classes of Notes were issued by HGVT, including approximately $217 million of Class A Notes, approximately $80 million of Class B Notes, approximately $57 million of Class C Notes, and approximately $21 million of Class D notes.
  • "Even amidst a busy issuance calendar, interest from investors in the HGVT platform remains strong," said Dan Mathewes, president and chief financial officer of Hilton Grand Vacations.
  • This transaction marks HGV’s 11th term securitization of timeshare loans, and the first issuance of The Grand Islander, a Hilton Grand Vacations Club collateral under the HGVT platform.

Compare HGV Enables Seamless Integration and Greater Market Coverage with Applied Epic

Retrieved on: 
Donnerstag, April 18, 2024
Policy, Comparison, HGV

Brighton, UK, April 18, 2024 (GLOBE NEWSWIRE) -- Applied Systems ® today announced that Compare HGV has signed on with Applied Epic, the world’s most widely used broker management system, to manage their business and integrate the company’s rating services.

Key Points: 
  • Brighton, UK, April 18, 2024 (GLOBE NEWSWIRE) -- Applied Systems ® today announced that Compare HGV has signed on with Applied Epic, the world’s most widely used broker management system, to manage their business and integrate the company’s rating services.
  • Applied Epic will enable Compare HGV to bring all customer and policy data from multiple applications into a single system, integrating seamlessly to reduce administrative overhead.
  • Brokers using Applied Epic operate more efficiently, better leverage insurer relationships, improve customer service and accelerate growth and profitability across all lines of business.
  • “Applied Epic will give staff at Compare HGV time back to prioritize their trusted advisor role and grow the business with expanded market coverage.”
    The Applied products and logos are trademarks of Applied Systems, Inc., registered in the U.S.

Hilton Grand Vacations Completes $240 Million Term Securitization

Retrieved on: 
Donnerstag, April 25, 2024
Vacation, Other Travel, Lodging, Destinations, Travel, Goldman Sachs, MUFG, HGV, Annual report, Class, Security (finance), Trust, S&P, Result, Disclosure, Deutsche Bank, COVID-19, Analysis, Regulation, Blue-green, Marketing, Fitch Ratings, BofA Securities, Wells Fargo, Hilton Grand Vacations, Note

Hilton Grand Vacations Inc. (NYSE:HGV) announces today the completion of a $240 million securitization of legacy Bluegreen Vacations timeshare loans through Hilton Grand Vacations Trust 2024-1B (“the Trust”).

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV) announces today the completion of a $240 million securitization of legacy Bluegreen Vacations timeshare loans through Hilton Grand Vacations Trust 2024-1B (“the Trust”).
  • Four classes of Notes were issued by the Trust, including approximately $101 million of Class A Notes, approximately $58 million of Class B Notes, approximately $46 million of Class C notes, and approximately $35 million of Class D Notes.
  • “We’re pleased with the nearly 9.2x peak subscription levels on this transaction, reflecting continued strong execution on our leading capital markets platform,” said Dan Mathewes, president and chief financial officer of Hilton Grand Vacations.
  • This transaction marks HGV’s tenth term securitization of timeshare loans, and the first issuance of legacy Bluegreen Vacations collateral under the HGVT issuance shelf.

Hilton Grand Vacations Unveils 2024 Brand Ambassadors to Headline Exclusive Member Experiences

Retrieved on: 
Mittwoch, April 24, 2024
General Sports, Golf, Tourist Attractions, Marketing, Other Travel, Communications, General Entertainment, Celebrity, Lodging, Destinations, Travel, Other Entertainment, Sports, Vacation, Entertainment, LPGA, HGV, Partnership, Bass Pro Shops, NASCAR, Greeting, Music, Season, Great Wolf Resorts, Hilton Grand Vacations

Hilton Grand Vacations Inc. (NYSE:HGV), the premier vacation ownership and experiences company, announces its 2024 Hilton Grand Vacation Brand Ambassadors, including legendary golfer Annika Sörenstam, iconic musician Joey Fatone, singer and actress Katharine McPhee and others.

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV), the premier vacation ownership and experiences company, announces its 2024 Hilton Grand Vacation Brand Ambassadors, including legendary golfer Annika Sörenstam, iconic musician Joey Fatone, singer and actress Katharine McPhee and others.
  • These brand ambassadors will be a central part of the thousands of exclusive private events hosted for HGV members throughout the year, including concerts, sporting events and private chef dinners.
  • Partnerships with prominent and beloved brand ambassadors help bring the company’s experiential events program, HGV Ultimate Access, to broader audiences and grow the quantity and variety of HGV's vacation experience offerings.
  • “Creating unforgettable experiences for our members is a top priority at Hilton Grand Vacations, and we’re continuously building on our offerings to reach more members with new and exciting events,” said Gordon Gurnik, senior executive vice president and chief operating officer of Hilton Grand Vacations.

Hilton Grand Vacations to Report First Quarter 2024 Results

Retrieved on: 
Donnerstag, April 25, 2024
Other Travel, Commercial Building & Real Estate, Vacation, Lodging, Construction & Property, Destinations, Travel, ID, HGV

Hilton Grand Vacations Inc. (NYSE:HGV) announces it will report financial results for the first quarter of 2024 before the financial markets open on Thursday, May 9, 2024, followed by a teleconference at 11 a.m. (ET).

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV) announces it will report financial results for the first quarter of 2024 before the financial markets open on Thursday, May 9, 2024, followed by a teleconference at 11 a.m. (ET).
  • To access the live teleconference via phone, please dial 1-877-407-0784 in the U.S./Canada (or +1-201-689-8560 internationally) approximately 15 minutes prior to the teleconference’s start time.
  • A replay will be available beginning three hours after the teleconference’s completion through May 16, 2024.
  • A webcast replay and transcript will be available within 24 hours after the live event at http://investors.hgv.com .

Hilton Grand Vacations Wins Eight ARDA Awards

Retrieved on: 
Donnerstag, April 18, 2024
Other Travel, Vacation, Lodging, Destinations, Travel, Tourist Attractions, ACE, ARDA, HGV, Community service, Interior design, Elara, Hilton Grand Vacations, Hotel

Hilton Grand Vacations Inc. (NYSE:HGV), the premier vacation ownership and experiences company, was recently honored with eight awards in the 2024 American Resort Development Association (ARDA) Awards Program, which celebrates exceptional resorts, teams and individuals in the timeshare industry.

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV), the premier vacation ownership and experiences company, was recently honored with eight awards in the 2024 American Resort Development Association (ARDA) Awards Program, which celebrates exceptional resorts, teams and individuals in the timeshare industry.
  • For the second consecutive year, HGV earned two coveted ARDA Circle of Excellence (ACE) Awards, which represent the highest level of excellence within the resort industry.
  • “We’re enormously proud of our company’s ARDA Award winners, along with the 20 finalists who were honored for their incredible work and ongoing commitment to excellence,” said Mark Wang, CEO at Hilton Grand Vacations.
  • ARDA is the D.C.-based professional association representing the vacation ownership and resort development industries, and the ARDA Awards Program is widely considered to be the paradigm in the industry.

Hilton Grand Vacations and Great Wolf Lodge Partner to Offer New Travel Experiences for Families

Retrieved on: 
Mittwoch, April 17, 2024
Other Travel, Lodging, Destinations, Travel, Vacation, Family, Consumer, Tourist Attractions, LPGA, HGV, Love, Partnership, Water, Adventure, Acquisition, Music, Multimedia, Season, Hilton Grand Vacations, Hotel

With an anticipated summer 2024 start date, HGV members will be able to book vacations at Great Wolf Lodge resorts using their club points.

Key Points: 
  • With an anticipated summer 2024 start date, HGV members will be able to book vacations at Great Wolf Lodge resorts using their club points.
  • “At Hilton Grand Vacations, we’re more focused than ever on offering unparalleled experiential travel offerings for our members to create memories that last a lifetime,” said Mark Wang, CEO of Hilton Grand Vacations.
  • “We're thrilled to partner with Great Wolf Lodge and to work together to bring new benefits, adventures and reasons to love travel to our members.
  • Great Wolf Lodge locations also provide complimentary entertainment offerings, delectable dining and engaging retail experiences, all conveniently located under one roof.

Hilton Grand Vacations Successfully Reprices Term Loan B

Retrieved on: 
Montag, April 8, 2024
Commercial Building & Real Estate, Vacation, Lodging, Construction & Property, Destinations, Travel, Tourist Attractions, Bank of America, Tax, Communication, HGV, Bank, Simpson Thacher & Bartlett, Risk, Hilton Grand Vacations, Annual report, Term loan, Result, Analysis, Security (finance)

Hilton Grand Vacations Inc. (NYSE:HGV) announces today the successful re-pricing of its existing $1.3 billion Term Loan B, maturing Aug. 2, 2028.

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV) announces today the successful re-pricing of its existing $1.3 billion Term Loan B, maturing Aug. 2, 2028.
  • The new pricing will be SOFR plus 250 basis points, down from SOFR plus 275 basis points.
  • Additionally, the credit spread adjustment for the Term Loan B has been removed.
  • “We’re pleased with the solid execution, lowering our pricing by 25 basis points and removing the credit spread adjustment,” said Dan Mathewes, president and chief financial officer of Hilton Grand Vacations.

Hilton Grand Vacations Elevates Dan Mathewes to President and Chief Financial Officer, Appoints Dusty Tonkin as EVP, Chief Sales & Marketing Officer

Retrieved on: 
Donnerstag, März 28, 2024
Commercial Building & Real Estate, Vacation, Lodging, Construction & Property, Destinations, Travel, Tourist Attractions, Florida Trend, Travel + Leisure Co., Growth, EVP, HGV, CFO, Accounting, Elon University, Acquisition, Hilton Grand Vacations, Marketing, Hotel

Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) today announced that Dan Mathewes has been promoted to president, along with the continuation of his role as chief financial officer.

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) today announced that Dan Mathewes has been promoted to president, along with the continuation of his role as chief financial officer.
  • In addition, the company has named Dusty Tonkin as its new EVP, chief sales & marketing officer.
  • Hilton Grand Vacations has promoted Dan Mathewes to the role of president, while he retains his responsibilities as CFO.
  • Tonkin has worked in the vacation ownership industry for more than 28 years, and he most recently served as the chief sales & marketing officer for Bluegreen Vacations.

Hilton Grand Vacations Wins National Top Workplace Recognition

Retrieved on: 
Donnerstag, März 21, 2024
Human Resources, Business, Professional Services, Other Travel, Lodging, Tourist Attractions, Destinations, Vacation, Travel, Sentinel, Well, Employment, Culture, Organization, Growth, USA Today, HGV, Acquisition, LPGA, Hilton Grand Vacations, Workforce, Management

Hilton Grand Vacations Inc. (NYSE:HGV), a premier vacation ownership and experiences company, has been named a national winner of the 2024 Top Workplaces USA awards.

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV), a premier vacation ownership and experiences company, has been named a national winner of the 2024 Top Workplaces USA awards.
  • "At HGV, we firmly believe prioritizing and empowering our team members is the key to success," said Mark Wang, president and CEO at Hilton Grand Vacations.
  • "We’re honored to receive recognition from Top Workplaces for our outstanding culture, united by the mission of ‘Putting People First’," said Pablo Brizi, executive vice president, chief human resources officer & corporate affairs at Hilton Grand Vacations.
  • The recognition from Top Workplaces follows a year of growth at HGV, including the $1.5 billion acquisition of Bluegreen Vacations and an extended five-year contract with the LPGA to host the Hilton Grand Vacations Tournament of Champions, which kicks off the LPGA season.