Hilton Grand Vacations Inc. is a multinational company based in Orlando, Florida, specializing in timeshare and vacation ownership. It operates under an exclusive licensing agreement with Hilton Worldwide, managing brands such as the Hilton Grand Vacation Club, Hilton Vacation Club, and Hilton Club[1]. Here are some key points about Hilton Grand Vacations: - History and Structure: Hilton Grand Vacations was launched in 1992 as a subsidiary of Hilton Worldwide. It was spun off into a publicly traded company in 2017, allowing it to focus solely on the timeshare and vacation ownership sector[1][3]. - Acquisitions and Expansion: In recent years, HGV has expanded its portfolio through significant acquisitions. It acquired Diamond Resorts in 2021 for $1.4 billion, adding 92 leisure resorts and nearly 400,000 owners[2]. More recently, it acquired Bluegreen Corporation in 2024 for $1.5 billion[1]. - Brands and Operations: HGV operates over 200 properties, including those under its subsidiary brands Diamond Resorts, Embarc Resorts, and Bluegreen Corporation. Many of these properties are being rebranded to Hilton Vacation Club resorts[1]. - Licensing Agreement: HGV pays a 5% license fee on gross revenues to Hilton Worldwide for the use of Hilton timeshare brands. This agreement also integrates HGV into the Hilton Honors loyalty program[1]. - Membership and Services: As of December 2023, HGV has over 700,000 club members. Members can exchange points for vacations at affiliated resorts worldwide and participate in the Hilton Honors program[1].