Hilton Grand Vacations Company
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| Public | |
| Traded as | : HGV |
| Industry | Timeshares |
| Headquarters | Orlando, Florida, USA |
| Products | Timeshare(s) |
| Website |
Consumer website Corporate & Investor Relations website |
Hilton Grand Vacations Inc. is based in Orlando, Florida with regional offices located in Las Vegas, Nevada, Oahu, Hawaii, New York City, Marco Island, Florida and Sanibel Island, Florida. It was formerly a wholly owned subsidary of Hilton Inc. (Formerly Hilton Worldwide) until it was spun off into a publicly traded company. In February 2008, Mark Wang was named President of Hilton Grand Vacations.
Dealing in timeshares, Hilton Grand Vacations Company, LLC develops, manages, markets, and operates a system of brand-name vacation club ownership (timeshares) resorts. Resort villas are jointly-owned by members who have exclusive use of the properties for limited periods of time (also known as Timeshares). 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.
The Hilton Grand Vacation Club (HGVC) is a timeshare-point-based reservations and exchange system allowing HGVC Members leisure-travel opportunities. There are approximately 250,000 HGVC members worldwide. Club membership provides exclusive exchange, leisure-travel, and reservation services.
When selling an HGVC account, each owner will be required to submit their purchase agreement contract to Hilton. Hilton reserves the right to purchase the ownership directly from the existing owner, thus refusing the sale to the buyer. Hilton must pay at least the amount the seller was originally contracted for. This program helps maintain long-term resale value for HGVC ownerships.
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