$35.940
+0.413 (+1.15%)At close
HGV News
HGV Events
Hilton Grand Vacations Enters $200M Share Repurchase Agreement with Deutsche Bank
Hilton Grand Vacations entered into an accelerated share repurchase agreement with Deutsche Bank AG, London Branch for $200M of its common stock, as part of its previously announced 2025 and 2026 Repurchase Authorization. As of Oct. 30, 2026, the Company has $17M of remaining availability under the 2025 Repurchase Plan and $600 million of remaining availability under the 2026 Repurchase Plan. Under the terms of the ASR, HGV will pay the repurchase price and receive common stock with an aggregate value of 80% based on the closing share price of the Company's common stock as of Oct. 29, 2026. This represents approximately 4.48M shares based on the Oct. 29, 2026 closing price of $35.71. The total number of shares that HGV will ultimately repurchase under the ASR will be determined based on the volume-weighted average price of the Company's common stock during the term of the ASR, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR agreement. The final settlement of the ASR is expected to be completed by Dec. 31, 2026. Following completion of the ASR, HGV will have $417M remaining available under the share repurchase authorization.
Hilton Grand Vacations Promotes Mike Riley to EVP, Chief Sales & Marketing Officer
Hilton Grand Vacations announced the promotion of Mike Riley to EVP, chief sales & marketing officer effective as of Oct. 29, 2026. Riley succeeds Dusty Tonkin, who will be leaving the Company effective April 1, 2027, after a transition period.
Hilton Grand Vacations Launches New Oceanfront Resort Ocean Reserve
Hilton Grand Vacations announces Ocean Reserve, a Hilton Grand Vacations Club. This new oceanfront resort will be HGV's fourth property in Myrtle Beach, South Carolina, and its eighth property in the state. "Positioned adjacent to Ocean 22, a Hilton Grand Vacations Club, Ocean Reserve will offer an elevated resort experience featuring thoughtfully designed accommodations, premium amenities and unparalleled access to one of the East Coast's most popular beach destinations," the company said. This project marks HGV's sixth property developed in collaboration with South Carolina-based Strand Capital Group
Hilton Grand Vacations Approves $600M Share Repurchase Plan
Hilton Grand Vacations announced that its Board of Directors has approved a two-year share repurchase plan authorizing the Company to repurchase up to an aggregate of $600M of its outstanding shares of common stock. The new repurchase plan will commence once the existing two-year repurchase plan, which was approved by the Board of Directors in July 2025 for an aggregate amount of up to $600M, is fully completed. As of Aug. 17, 2026, the Company had approximately $61M remaining under the 2025 repurchase plan.
Hilton Grand Vacations Reports Q2 Revenue of $1.358B
Reports Q2 revenue $1.358B, consensus $1.4B. "We delivered solid revenue and EBITDA growth in the second quarter driven by healthy tour growth and disciplined cost management," said Mark Wang, CEO of Hilton Grand Vacations. "During the quarter, we made progress on our strategic priorities by successfully completing our previously announced disposition transaction, expanding our HGV Max membership, and continuing to return capital to shareholders. These achievements reflect the strength of our business model and reinforce our confidence in our long-term growth algorithm of sustainable growth, margin expansion and strong cash flow generation."
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