Hilton Grand Vacations
| Company type | Public company |
|---|---|
| Industry | Timeshare, vacation ownership |
| Founded | 1992 |
| Headquarters | Orlando, Florida , United States |
Area served | Global |
| Products | Timeshare resorts, vacation ownership |
| Website | www |
Hilton Grand Vacations Inc. is a global enterprise headquartered in Orlando, Florida that oversees and operates the Hilton Worldwide timeshare and vacation ownership brands through an exclusive licensing agreement with Hilton Worldwide. Established as an independent public company in 2017, HGV functions autonomously while Hilton Worldwide continues to own the Hilton Grand Vacation Club, Hilton Vacation Club, and Hilton Club brands that HGV manages. These timeshare brands are included within Hilton Worldwide's collection of 22 hotel and resort brands.
By December 2023, HGV catered to a membership exceeding 700,000 across upwards of 200 properties. Ninety-two of these properties are managed under Hilton Worldwide’s timeshare brands, with the remainder operated by HGV’s acquired subsidiaries (Diamond Resorts, Embarc Resorts, and Bluegreen Corporation) aimed at broadening its market reach. Plans are underway for HGV to rebrand most of these subsidiary resorts under the Hilton timeshare portfolio.
Focusing on vacation ownership and timeshares, Hilton Grand Vacations is engaged in the development, management, marketing, and operation of vacation club resorts utilizing a points-based ownership model. Members share ownership interests in resort villas with exclusive usage rights during specified intervals, have the ability to exchange points or weeks for stays at partner resorts globally, and participate in the Hilton Honors loyalty program.
History
Hilton Grand Vacations (HGV) was founded in 1992 as a division of Hilton Worldwide, representing Hilton’s initial venture into the timeshare and vacation ownership sector. In 2017, HGV was separated into a publicly traded entity to concentrate solely on its timeshare business.
The 2017 separation of HGV alongside Hilton’s lodging real estate investment trust (now Park Hotels & Resorts) was designed to transform Hilton Worldwide into an asset-light organization by minimizing capital expenditures and enhancing shareholder returns. Following this restructuring, Hilton Worldwide retained ownership of the Hilton brands and licensed them to franchisees and HGV, which independently manages the timeshare operations. This arrangement enables HGV to accelerate growth within the Hilton timeshare segment.
On March 10, 2021, Hilton Grand Vacations revealed its agreement to acquire Diamond Resorts for $1.4 billion, a deal completed on August 2, 2021, which considerably increased its market footprint.
More recently, on November 6, 2023, HGV announced its $1.5 billion acquisition of Bluegreen Corporation, finalized on January 17, 2024, further consolidating its leadership in the vacation ownership market.
Agreement with Hilton Worldwide
HGV operates under an exclusive licensing contract with Hilton Worldwide that grants it sole authority to develop, manage, market, and operate Hilton’s timeshare brands. In exchange, HGV remits a quarterly license fee equal to 5% of gross revenues encompassing vacation ownership sales and resales, property operations, transient rentals, and other income derived from Hilton-branded properties.
This licensing arrangement requires HGV’s participation in the Hilton Honors loyalty program, permitting HGV owners to redeem points at other Hilton locations while allowing Hilton Honors members to use points at HGV resorts. Furthermore, all HGV-managed resorts are featured on Hilton’s website and accessible for nightly bookings via Hilton’s platform.
Under this agreement, HGV must comply with stringent brand standards enforced by Hilton Worldwide. The latter reserves the right to conduct unannounced inspections of any HGV-operated Hilton-branded property to verify adherence. Additionally, any alterations to existing properties or new developments under the Hilton timeshare brands require prior approval from Hilton Worldwide.
Brands and Subsidiaries
The Hilton Grand Vacation Club represents the original premium timeshare resorts within HGV’s collection.
Resorts that were previously under Diamond Resorts or Bluegreen Corporation and have since been rebranded fall under the Hilton Vacation Club banner.
The Hilton Club consists of urban properties situated in central locations of major metropolitan areas, typically as exclusive HGV segments inside existing Hilton hotels rather than independent resorts.
Following its acquisition by HGV in 2021, Diamond Resorts operates as a fully owned subsidiary. While the majority of Diamond properties will be rebranded as Hilton Vacation Club resorts, a portion will continue using the Diamond name.
Embarc Resorts, acquired by Diamond Resorts in 2015 and subsequently incorporated into HGV in 2021, remains a subsidiary. Numerous Embarc locations are transitioning to Hilton Grand Vacation Club branding, although some will preserve the Embarc identity.
Acquired by HGV in 2024, Bluegreen Vacations functions as a wholly owned subsidiary. Most Bluegreen resorts will adopt the Hilton Vacation Club brand, with select properties retaining the Bluegreen name.
Properties
Hilton Grand Vacations Club Whistler Tremblant, a Hilton Grand Vacations Club Borgo alle Vigne, a Hilton Grand Vacations Club Craigendarroch Lodges and Suites Managed by Hilton Grand Vacations Hilton Grand Vacations Club Zihuatanejo and La Pacifica Los Cabos The Crane Vilamoura| Property | Location |
|---|---|
| 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 Beach, 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 Beach, 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 |
| Whistler, British Columbia, Canada | |
| Mont-Tremblant, Quebec, Canada | |
| Selvatelle, Italy | |
| Ballater and Dunkeld, Scotland | |
| Zihuatanejo and Los Cabos, Mexico | |
| Saint Philip, Barbados | |
| Vilamoura, Portugal |
- This segment has been condensed to emphasize key properties relevant to business interests.
- For comprehensive listings of all resorts under each brand—including those within the Hilton Vacation Clubs such as Diamond Resorts and Bluegreen—please consult their official websites.
- The Embarc brand encompasses properties like Panorama (Canada), Ucluelet (Canada), and Vancouver (Canada).
- Bluegreen’s portfolio extends across various U.S. states including Arizona, Florida and Colorado as well as international locations.
- Diamond Resorts maintains diverse sites throughout the United States and Europe with focus on resort destinations.
- This portfolio underscores strategic positioning in prominent vacation markets that support the company’s timeshare and vacation ownership framework.
- The extensive property network generates consistent revenue via memberships while enhancing global brand recognition.
- Property holdings are critical to the company’s expansion strategy within the competitive vacation ownership sector.
- Commitment to maintaining premium resorts in prime locales reflects the company’s emphasis on superior guest experiences and sustainable value creation.
- For investment evaluations or partnership inquiries, this property distribution offers insight into market reach and asset diversity.
External links
- Official consumer portal for Hilton Grand Vacations
- Corporate and investor relations site for Hilton Grand Vacations