Hilton Grand Vacations Inc. (HGV) is a leading global timeshare company and the exclusive vacation ownership partner of Hilton. The company develops, markets, and operates a system of high-quality vacation ownership resorts in select vacation destinations. HGV sells Vacation Ownership Interests (VOIs) and provides club membership programs, offering flexibility and exclusive benefits to its members worldwide.
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Real Estate Sales and Financing - Sells Vacation Ownership Interests (VOIs) through developed, fee-for-service, and just-in-time inventory sourcing methods. Generates additional revenue from sales, marketing, brand fees, and interest income from timeshare financing.
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Resort Operations and Club Management - Manages and operates timeshare properties, providing club and resort management services. Offers rental income and ancillary services to enhance the vacation experience for members and guests.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Charles R. Corbin ExecutiveBoard | Senior Executive Vice President, Chief Legal Officer, General Counsel & Corporate Operations, and Secretary | Member of the board of directors of ARDA | Charles R. Corbin has been serving as the Senior Executive Vice President, Chief Legal Officer, General Counsel & Corporate Operations, and Secretary at HGV since February 2025, leading legal and corporate operations. He has extensive legal and executive experience at HGV and holds a board membership at ARDA, showcasing his broad leadership in the industry. | |
Gordon S. Gurnik ExecutiveBoard | Senior Executive Vice President and Chief Operating Officer | Board member for Christel House International; Chair-elect on the ARDA Board of Directors | Gordon S. Gurnik is the Senior Executive Vice President and Chief Operating Officer at HGV since August 2021. Previously, he served as Executive Vice President and Chief Operating Officer from December 2018 to August 2021 and has held key board roles with Christel House International and as Chair-elect on the ARDA Board of Directors. | |
Mark D. Wang ExecutiveBoard | Chief Executive Officer (CEO) | ARDA Board of Directors | Mark D. Wang has served as the CEO of Hilton Grand Vacations (HGV) since January 2017 and has been a board member since May 2016. Prior to this, he held key executive roles at HGV, including serving as President from January 2017 until April 2024 and as Executive Vice President from 2008 through 2016. | View Report → |
Daniel J. Mathewes Executive | President and Chief Financial Officer | Daniel J. Mathewes is currently President and Chief Financial Officer at Hilton Grand Vacations, a role he assumed in April 2024 and resumed on March 24, 2025 after a temporary leave. He has held several executive financial roles at HGV since November 2018 and brings extensive experience from previous positions at PricewaterhouseCoopers, Royal Caribbean, Kerzner International, The World, and Virgin Hotels North America. | ||
Erin A. Day Executive | Executive Vice President, Finance, and Acting Chief Financial Officer | Erin A. Day has been with HGV since 2011 and currently leads as Executive Vice President, Finance, and Acting Chief Financial Officer since February 7, 2025. She has held progressive roles at HGV, including Senior Vice President of Finance and Vice President of Strategic Planning and Corporate Finance, and holds advanced degrees in business administration from the University of Florida. | ||
Pablo Brizi Executive | Executive Vice President and Chief Human Resources Officer (CHRO) | Pablo Brizi has been the Executive Vice President and CHRO at HGV since October 2020 and took on Corporate Affairs in August 2021, with over 25 years of HR experience across multinational organizations. | ||
Brenda J. Bacon Board | Director | Independent director at FTI Consulting, Inc.; Board member at Rowan University Board of Trustees | Brenda J. Bacon has served as a director at HGV since January 2017. She brings extensive expertise from her leadership roles—including serving as CEO of Brandywine Senior Living, Inc.—and from her contributions in government and corporate governance. | |
Christine Cahill Board | Director | Principal in Apollo Global Management’s Private Equity Business since 2018; Board member of LifePoint Health; Board member of ScionHealth | Christine Cahill has served as a Director at Hilton Grand Vacations Inc. since August 7, 2024, after being appointed as an Apollo Designee. She brings extensive experience from her role as Principal at Apollo Global Management since 2018 and from her previous position in Goldman Sachs' Financial Institutions Group. | |
David Sambur Board | Director | Co-head of Apollo Private Equity at Apollo Global Management Inc ; Emory College Dean’s Advisory Council ; Arbor Brothers board of directors ; Mount Sinai Department of Medicine Advisory Board ; Co-lead of Apollo Pride Network | David Sambur serves as a non-independent director at Hilton Grand Vacations since August 2, 2021. He represents Apollo Investors on the HGV Board and does not participate in executive or operational roles within the company. | |
David W. Johnson Board | Director | Co-founder and Managing Director at Horizon Capital Partners LLC; Chairman of the Board at Sonida Senior Living; Member of the Owners' Board of Directors at Dallas Stars NHL Franchise | David W. Johnson has served as a Director at HGV since January 2017. He is a seasoned leader who was CEO of Aimbridge Hospitality from April 2003 to September 2021 and is currently Co-founder and Managing Director at Horizon Capital Partners LLC since September 2021. | |
Gail L. Mandel Board | Director | Managing Director, Focused Point Ventures; Chair of the Board of Sabre Corporation; Chair of the Nominating and Governance Committee, Sabre Corporation; Member of the Compensation Committee, Sabre Corporation; Member of the Audit Committee, Dave & Buster's Entertainment, Inc.; Member of the Nominating and Governance Committee, Dave & Buster's Entertainment, Inc.; Director, Community Foundation of New Jersey | Gail L. Mandel has served as a Director at Hilton Grand Vacations Inc. since June 2024. She brings extensive expertise in financial oversight and governance with a career that includes roles such as Managing Director at Focused Point Ventures (2019–Present) and leadership positions in the hospitality sector. | |
Leonard A. Potter Board | Chairperson of the Board | Founder, President, and Chief Investment Officer at Wildcat Capital Management, LLC; Founder and Senior Managing Director at Vida Ventures I and II; Board Member at SLR Capital Ltd. (NASDAQ: SLRC); Board Member at SLR Senior Capital Ltd. (NASDAQ: SUNS); Board Member at SuRo Capital Corporation (NASDAQ: SSSS) | Leonard A. Potter has served as the Chairperson of the Board at Hilton Grand Vacations Inc. since January 2017 and chairs the Nominating and Corporate Governance Committee. He has extensive experience in investment management, corporate governance, and venture capital, having founded Wildcat Capital Management, LLC and served on multiple boards. | |
Mark H. Lazarus Board | director | Prospective CEO of SpinCo; Board Member of Boys and Girls Clubs of America; Board Member of Eastlake Foundation | Mark H. Lazarus has been a director at Hilton Grand Vacations since January 2017 and serves on the Compensation Committee of the Board. He has extensive leadership experience in media and entertainment, previously holding key roles at NBCUniversal and Turner, and currently serves as Prospective CEO of SpinCo. | |
Pamela H. Patsley Board | Director and Chair of the Audit Committee | Texas Instruments, Inc. - Governance and Stockholders Relations Committee ; Keurig Dr. Pepper, Inc. - Audit Committee ; Payoneer Global, Inc. - Chair of the Audit Committee | Pamela H. Patsley has served as a Director and Chair of the Audit Committee at Hilton Grand Vacations since December 2016. She brings extensive financial expertise from previous executive and leadership roles at MoneyGram International and First Data. | |
Paul W. Whetsell Board | Director | CEO of Capstar Hotel Company; Director of Boyd Gaming Corporation; Director of Vistry Group | Paul W. Whetsell has served as a Director at Hilton Grand Vacations since January 2017 and currently chairs the Compensation Committee while serving on the Nominating and Corporate Governance Committee. He has an extensive background in the hospitality industry, including his role as CEO of Capstar Hotel Company and active board memberships at Boyd Gaming Corporation and Vistry Group. |
- In Q1, owner VPG outperformance was significantly higher than new buyer VPG, yet you expect a shift toward more new buyer sales in the summer; how do you plan to adjust your strategy to maintain strong overall VPG growth while managing potential declines in close rates?
- You discussed monetizing up to $519 million of receivables while retaining about $200 million as non-securitizable “scratch and dent” loans; can you clarify the timeline and strategy for addressing these less marketable receivables?
- With Hurricane-related delays affecting Bluegreen property rebranding and related sales center operations, what specific steps are you taking to accelerate the reopening process, and how do you expect these disruptions to impact your EBITDA margins going forward?
- Despite a 4% drop in tour numbers driven by efficiency initiatives, you reported improvements in tour quality and conversion rates; what safeguards are in place to ensure that ongoing efficiency measures do not adversely affect future overall tour volume and revenue growth?
- You mentioned unifying financing programs to reduce friction at the sales table and improve cash generation at point-of-sale; could you provide more details on the key metrics you will monitor to measure the success of these changes on customer behavior and transaction sizes?
Research analysts who have asked questions during Hilton Grand Vacations earnings calls.
Brandt Montour
Barclays PLC
4 questions for HGV
Stephen Grambling
Morgan Stanley
4 questions for HGV
Ben Chaiken
Mitsui
3 questions for HGV
Charles Scholes
Not Disclosed
2 questions for HGV
Chris Woronka
Deutsche Bank AG
2 questions for HGV
C. Patrick Scholes
Truist Securities
2 questions for HGV
Benjamin Chaiken
Mizuho Financial Group, Inc.
1 question for HGV
David Katz
Jefferies Financial Group Inc.
1 question for HGV
Elizabeth Dove
Goldman Sachs
1 question for HGV
Patrick Scholes
Truist Financial Corporation
1 question for HGV
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
The company competes with other hotel and resort timeshare operators for sales of VOIs based on various factors including location, quality of accommodations, and brand name recognition. This competitor is one of the primary branded competitors in the timeshare space. | |
The company competes with other hotel and resort timeshare operators for sales of VOIs based on various factors including location, quality of accommodations, and brand name recognition. This competitor is one of the primary branded competitors in the timeshare space. | |
The company competes with other hotel and resort timeshare operators for sales of VOIs based on various factors including location, quality of accommodations, and brand name recognition. This competitor is one of the primary branded competitors in the timeshare space. | |
Holiday Inn Club Vacations | The company competes with other hotel and resort timeshare operators for sales of VOIs based on various factors including location, quality of accommodations, and brand name recognition. This competitor is one of the primary branded competitors in the timeshare space. |
Westgate Resorts | The company competes with other hotel and resort timeshare operators for sales of VOIs based on various factors including location, quality of accommodations, and brand name recognition. This competitor is one of the primary branded competitors in the timeshare space. |
Bluegreen Vacations | The company competes with other hotel and resort timeshare operators for sales of VOIs based on various factors including location, quality of accommodations, and brand name recognition. This competitor was acquired by Hilton Grand Vacations on January 17, 2024. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Bluegreen Vacations Holding Corporation | 2024 | Deal Value and Structure: Completed on January 17, 2024 as an all-cash transaction valued at approximately $1.6 billion (including net debt assumed). Strategic Rationale and Assets: The acquisition broadened HGV’s vacation ownership portfolio to about 200 properties, enhanced financial performance, and initiated a rebranding process across Bluegreen properties starting in Q4 2024. |
Dakota Holdings, Inc. | 2021 | Deal Value and Structure: Structured as a stock transaction with an equity fair value of roughly $1.4 billion, involving the issuance of approximately 34.5–34.7 million HGV shares. Strategic Rationale and Assets: Aimed at consolidating strengths in the vacation ownership market, resulting in a post-merger ownership split of about 72% for existing HGV shareholders and 28% for Apollo/Diamond stockholders, with Diamond Resorts’ assets integrated into an HGV subsidiary. |
Recent press releases and 8-K filings for HGV.
- Hilton Grand Vacations (HGV) completed a $400 million securitization of timeshare loans through Hilton Grand Vacations Trust 2025-2.
- The securitization included three classes of Notes with an overall weighted average coupon rate of 4.69% and an overall advance rate of 96%.
- The proceeds from this issuance will be used to pay down debt and for other general corporate purposes.
- HGV's President and CFO, Dan Mathewes, stated that this transaction achieved the tightest weighted average spread seen in the timeshare ABS market in recent years, reinforcing the company's ability to efficiently generate cash flow and support capital returns.
- Hilton Grand Vacations Inc. (HGV) entered into an Underwriting Agreement on August 12, 2025, for a secondary offering of its common stock by certain selling stockholders.
- The offering consists of 7,000,000 initial shares and an additional 1,050,000 shares from the full exercise of the underwriters' option, totaling 8,050,000 shares. The underwriters exercised their option on August 13, 2024.
- As part of the offering, HGV intends to repurchase 933,488 shares of Common Stock from the underwriters.
- HGV will not receive any proceeds from the sale of shares by the selling stockholders in this offering.
- The Offering and the Share Repurchase are expected to close on August 14, 2025.
- Hilton Grand Vacations Inc. (HGV) completed its acquisition of Bluegreen Vacations Holding Corporation (BVH) on January 17, 2024, with each BVH share converted into the right to receive $75.00 in cash.
- The acquisition was financed by $900 million of incremental term loans due January 17, 2031, and $900 million in 6.625% senior secured notes due 2032.
- For the year ended December 31, 2023, the unaudited pro forma condensed combined statement of income, reflecting the acquisition as if completed on January 1, 2023, shows a pro forma combined net income attributable to stockholders of $221 million and pro forma basic earnings per share of $2.01.
- Hilton Grand Vacations Inc. reported Q2 2025 contract sales of $834 million, a 10% increase year-over-year, and adjusted EBITDA of $278 million with margins of 23%.
- Volume per guest (VPG) increased 11% to nearly $3,700 in Q2 2025, driven by the HGV Max offering and owner business outperformance.
- The company generated over $135 million in adjusted free cash flow for the quarter and returned $150 million to shareholders through share repurchases.
- HGV successfully closed a JPY 9.5 billion timeshare securitization in Japan, the first of its kind for a U.S. operator.
- The 2025 adjusted EBITDA guidance was reiterated in the range of $1.125 billion to $1.165 billion, with a commitment to return $600 million to shareholders this year.
- Hilton Grand Vacations (HGV) has completed a ¥9.5188 billion term securitization of timeshare loans through Hilton Grand Vacations Japan Trust 2025-1.
- The securitization involved the issuance of one class of Notes, which received a AAA rating by Standard & Poor's and carry a 1.41% coupon rate.
- The proceeds from this issuance, net of fees, will be used for general corporate purposes.
- This transaction is expected to provide highly cost-effective capital, supporting HGV's financing business optimization strategy and potentially generating highly accretive returns through share repurchases.
- CFO Temporary Leave: The Company announced that CFO Daniel J. Mathewes has taken a temporary leave of absence for personal reasons, with the leave effective until his return on March 24, 2025.
- Interim Management Change: During CFO Mathewes’ absence, Executive VP Finance Erin Day assumed the role of acting CFO, and she will revert to her previous responsibilities once Mathewes returns.