Elara, Hilton Grand Vacations - Las Vegas

Hilton Grand Vacations Inc. is based in Orlando, Florida, United States, with regional offices located in

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Oahu, Hawaii Oahu () ( Hawaiian: ''Oʻahu'' ()), also known as "The Gathering Place", is the third-largest of the Hawaiian Islands. It is home to roughly one million people—over two-thirds of the population of the U.S. state of Hawaii. The island of O’ ...

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, Marco Island, Florida and

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. It was formerly a wholly owned subsidiary of Hilton Inc. (formerly Hilton Worldwide) until it was spun off into a publicly traded company. As of December 31, 2019, it has 55 properties with 8,916 rooms in 5 countries and territories, all franchised. 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

timeshare A timeshare (sometimes called vacation ownership) is a property with a divided form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each owne ...

s). 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.

History

A year 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. Hilton Grand Vacation announced its intention to acquire

Diamond Resorts International Diamond Resorts is a timeshare company headquartered in Las Vegas, Nevada, with regional offices in Orlando, Florida and Lancaster, United Kingdom. The company has a network of more than 379 vacation destinations in 35 countries around the world ...

on March 10, 2021Hilton Grand Vacations to Acquire Diamond Resorts, Creating the Premier Leisure Operator With the Broadest Offering in the Vacation Ownership Industry
PRESS RELEASE for $1.4 billion. The acquisition was completed on August 2nd.

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 currently more than 300,000 HGVC members worldwide. Club membership provides exclusive exchange, leisure-travel, and reservation services.

Right of first refusal

HGVC retains the

right of first refusal Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transactio ...

for most of its properties. When selling an HGVC account, each owner is required to submit their purchase agreement contract to Hilton. Hilton may decide to exercise ROFR to purchase the subject property, thus refusing the sale to the original buyer. Some of the properties without ROFR are HGVC at the Flamingo, The Bay Club at Waikoloa Beach Resort, and most affiliate resorts.

Similar programs

Disney Vacation Club The Disney Vacation Club (DVC) is a vacation timeshare program owned and operated by Disney Vacation Development, Inc., a subsidiary of Disney Signature Experiences, a division of Disney Parks, Experiences and Products, a segment of The Walt Disn ...

Westgate Resorts Westgate Resorts is an American timeshare resort company founded by David A. Siegel in 1982. The company first expanded from Central Florida to Miami and Daytona Beach. As of July 2021, Westgate Resorts has 29 locations across the United States ...

Bluegreen Corporation Bluegreen Corporation is an American private vacation ownership company based in Boca Raton, Florida. Currently a wholly owned subsidiary of BFC Financial Corporation with around 4,500 employees, the company provides vacations at 60 company-mana ...

Properties

References

External links

Hilton Grand Vacations consumer website

Hilton Grand Vacations corporate and investor relations website
{{Timeshare chains Grand Vacations Company Hospitality companies established in 1992 Timeshare chains Companies based in Orlando, Florida The Blackstone Group companies