HGV celebrates first year as public company
Hilton Grand Vacations (HGV) has celebrated one year since ringing the opening bell at the New York Stock Exchange to mark becoming an independent, public company on 4 January 2017.
Created following a spin-off from Hilton, the leading global timeshare company develops, markets and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations.
Mark Wang, HGV’s president and CEO, said: “2017 was a milestone year for HGV. We continue to focus on fully activating our business around each of our strategic priorities, especially growing sales and our member base through Net Owner Growth and expanding our footprint and partnerships through opportunistic business ventures.”
In 2017, HGV accomplished the following:
- The Hilton Grand Vacations Club on Sesokojima Island is HGV’s first announced timeshare resort in Asia, through a partnership with Hilton and Mori Trust.
- Grand openings of The District by Hilton Club in Washington, D.C., and The Grand Islander by Hilton Grand Vacations Club in Oahu, Hawaii.
- Acquired a 25 per cent interest in LV Tower 52, LLC the developer and seller of Elara, a Hilton Grand Vacations Club, in Las Vegas through a joint venture with Blackstone Real Estate Partners VIII L.P.
- Purchased remaining inventory at Sunrise Lodge, a Hilton Grand Vacations Club, in Park City, Utah, from Sunrise Park City, LLC.