HGV

Hilton Grand Vacations Successfully Reprices Term Loan B

Retrieved on: 
Monday, 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: 
Thursday, March 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: 
Thursday, March 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.

Hilton Grand Vacations Partners with American Red Cross to Support Urgent Disaster Relief for “Early Giving Day” Campaign

Retrieved on: 
Tuesday, March 19, 2024
Lodging, Destinations, Vacation, Travel, Philanthropy, Law Enforcement, Emergency Services, Other Philanthropy, Family, Fund Raising, Public Policy, Government, Consumer, Homelessness, Disaster, Central Florida, HGV, Partnership, Red, Hilton Grand Vacations, Injury, American Red Cross, Work, Weather, Hotel

Hilton Grand Vacations Inc. (NYSE:HGV), a premier vacation ownership and experiences company, announces it’s once again partnering with the American Red Cross for the third annual “Early Giving Day” fundraiser campaign to support the organization’s disaster relief efforts.

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV), a premier vacation ownership and experiences company, announces it’s once again partnering with the American Red Cross for the third annual “Early Giving Day” fundraiser campaign to support the organization’s disaster relief efforts.
  • In honor of Red Cross Month, HGV is matching donations to the Red Cross dollar-for-dollar up to $50,000 on March 19.
  • “At Hilton Grand Vacations, we’re committed to stepping up to support the communities in which we live, work and vacation,” said Mark Wang, president and CEO of Hilton Grand Vacations.
  • To participate in Early Giving Day and support the Red Cross with a donation, visit this page .

Hilton Grand Vacations to Report Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 15, 2024
Vacation, Other Travel, Lodging, Destinations, Travel, ID, HGV

Hilton Grand Vacations Inc. (NYSE:HGV) announces it will report financial results for the fourth quarter and full year of 2023 before the financial markets open on Thursday, Feb. 29, 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 fourth quarter and full year of 2023 before the financial markets open on Thursday, Feb. 29, 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 March 7, 2024.
  • A webcast replay and transcript will be available within 24 hours after the live event at http://investors.hgv.com .

New collision prediction system launched by Brigade Electronics

Retrieved on: 
Tuesday, February 13, 2024
HGV, Electronics, Incidents, Brigade, Radar, Blind spot monitor, Artificial intelligence, Large goods vehicle, Road

PORTLAND, Ind., Feb. 13, 2024 /PRNewswire/ -- Brigade Electronics has launched Radar Predict - its latest innovative side Blind Spot Information System (BSIS) collision prediction safety technology specifically designed to protect cyclists from incidents with HGVs.

Key Points: 
  • PORTLAND, Ind., Feb. 13, 2024 /PRNewswire/ -- Brigade Electronics has launched Radar Predict - its latest innovative side Blind Spot Information System (BSIS) collision prediction safety technology specifically designed to protect cyclists from incidents with HGVs.
  • The system uses its specially designed algorithm to alert drivers when an impact with a cyclist is likely.
  • The driver is alerted only if a cyclist enters the detection zone and poses a potential collision risk.
  • The system issues differentiated visual and audible alerts based on the time to collision, providing an initial notification upon detection and escalating to a more urgent warning if it predicts an imminent collision.

New collision prediction system launched by Brigade Electronics

Retrieved on: 
Tuesday, February 13, 2024
HGV, Electronics, Incidents, Brigade, Radar, Blind spot monitor, Artificial intelligence, Large goods vehicle, Road

PORTLAND, Ind., Feb. 13, 2024 /PRNewswire/ -- Brigade Electronics has launched Radar Predict - its latest innovative side Blind Spot Information System (BSIS) collision prediction safety technology specifically designed to protect cyclists from incidents with HGVs.

Key Points: 
  • PORTLAND, Ind., Feb. 13, 2024 /PRNewswire/ -- Brigade Electronics has launched Radar Predict - its latest innovative side Blind Spot Information System (BSIS) collision prediction safety technology specifically designed to protect cyclists from incidents with HGVs.
  • The system uses its specially designed algorithm to alert drivers when an impact with a cyclist is likely.
  • The driver is alerted only if a cyclist enters the detection zone and poses a potential collision risk.
  • The system issues differentiated visual and audible alerts based on the time to collision, providing an initial notification upon detection and escalating to a more urgent warning if it predicts an imminent collision.

Lydia Ko Wins 2024 Hilton Grand Vacations Tournament of Champions, Jeff McNeil Claims Celebrity Title

Retrieved on: 
Thursday, February 1, 2024
Golf, Sports, Other Travel, Vacation, Lodging, Destinations, Travel, Partnership, Life, Season, HGV, Silver, MLB, Music, Country club, Tournament, LPGA, Hilton Grand Vacations, Boning (baseball), Central Florida, Pano, Female, Social responsibility, Boy, Stroke, Sport, Face, Conference, Olympic Games, Postgraduate certificate, Woman

Hilton Grand Vacations Inc. (NYSE:HGV), a premier vacation ownership and experiences company, announced Sunday that Lydia Ko won the 2024 Hilton Grand Vacations Tournament of Champions at Lake Nona Golf & Country Club.

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV), a premier vacation ownership and experiences company, announced Sunday that Lydia Ko won the 2024 Hilton Grand Vacations Tournament of Champions at Lake Nona Golf & Country Club.
  • This is Ko’s 20th LPGA Tour win across 11 seasons and her first at the Hilton Grand Vacations Tournament of Champions.
  • McNeil was crowned the winner of the tournament’s celebrity field after scoring 138 total points using a modified Stableford format in his Hilton Grand Vacations Tournament of Champions debut.
  • “We’re thrilled with the outcome of another successful Hilton Grand Vacations Tournament of Champions, and congratulations to Lydia Ko and Jeff McNeil on their well-deserved wins,” said Mark Wang, president and CEO of Hilton Grand Vacations.

Bluegreen Vacations Holding Corporation Announces Completion of Merger

Retrieved on: 
Wednesday, January 17, 2024
Other Construction & Property, Commercial Building & Real Estate, Vacation, Lodging, Construction & Property, Travel, HGV, OTCQX, BVH, Acquisition, Common stock

Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (“Bluegreen Vacations” or the “Company”) announced today the completion of the previously announced acquisition of Bluegreen Vacations by Hilton Grand Vacations Inc. (“HGV”) pursuant to the merger agreement entered into by the parties which resulted in Bluegreen Vacations becoming an indirect wholly-owned subsidiary of HGV.

Key Points: 
  • Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (“Bluegreen Vacations” or the “Company”) announced today the completion of the previously announced acquisition of Bluegreen Vacations by Hilton Grand Vacations Inc. (“HGV”) pursuant to the merger agreement entered into by the parties which resulted in Bluegreen Vacations becoming an indirect wholly-owned subsidiary of HGV.
  • The merger was effected, and trading of the Company’s Class A Common Stock on the New York Stock Exchange and the Company’s Class B Common Stock on the OTCQX was suspended, prior to the opening of trading on January 17, 2024.
  • Alan B. Levan, Chairman and CEO of Bluegreen Vacations, said, “Today represents an ending as well as a beginning as the combination of Bluegreen Vacations with HGV creates a compelling vacation ownership offering.
  • This transaction is a testament to our highly talented associates who helped build Bluegreen Vacations into a leading vacation ownership company.”

Hilton Grand Vacations Completes Acquisition of Bluegreen Vacations

Retrieved on: 
Wednesday, January 17, 2024
Vacation, Other Travel, Lodging, Destinations, Travel, HGV, Hilton Grand Vacations, Bass, Family, NASCAR, Acquisition, Bass Pro Shops, Hotel

Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) today announced that it has completed the previously disclosed acquisition of Bluegreen Vacations.

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) today announced that it has completed the previously disclosed acquisition of Bluegreen Vacations.
  • The all-cash transaction, with total consideration of approximately $1.5 billion, inclusive of net debt, broadens HGV’s offerings, customer reach and sales locations, creating a premier vacation ownership and experiences company.
  • “I’m thrilled to welcome Bluegreen Vacations to the HGV family, uniting two highly complementary businesses to further scale and diversify our best-in-class offering,” said Mark Wang, president and CEO of Hilton Grand Vacations.
  • “This combination adds approximately 200,000 members and expands our resort portfolio to nearly 200 properties in 14 new geographies and eight new states.