Today we are starting a new chapter for Hilton Grand Vacations. As of this morning, I’m excited to share that we have completed our acquisition of Bluegreen Vacations, further enhancing our vision as the premier vacation ownership and experiences company to provide our Owners, Members and Guests with the most options possible. Together, we now have more than 700,000 Members worldwide and a combined portfolio of nearly 200 resorts in 14 new destinations and eight new states. To our current Owners and Members, thank you for your continued loyalty and passion for travel. Our commitment to you is our top priority, and I want to highlight what you can expect from us in the coming months from this incredible milestone: What You Can Expect Next Steps In the months and years ahead, we look forward to serving you as we integrate these two outstanding companies into one, and we’ll keep you updated on key updates along the way. In the meantime, if you have any questions, you can read the announcement press release and our dedicated Frequently Asked Questions below. We truly appreciate your continued loyalty, and I hope that you are as excited as we are for the new once-in-a-lifetime adventures that lie ahead. All the best, Mark Wang About the Acquisition 1. Why has Hilton Grand Vacations acquired Bluegreen Vacations? 2. Will HGV and Bluegreen Vacations remain a publicly traded company? Timeshare Ownership 3. Will the acquisition of Bluegreen Vacations affect Owners and Members? 4. I’m an HGV Max Member. Will I have to make a new purchase to access Bluegreen Vacations resorts? 5. Will Bluegreen Vacations resorts become available to Members without HGV Max benefits? 6. Will the terms of my current timeshare ownership change? Will my 2024 fees go up due to the acquisition? 7. Will I be able to merge my ownership interests now that the acquisition has closed? 8. Will I be able to transfer my existing timeshare ownership to Bluegreen Vacations? 9. Will HGV buy my Bluegreen Vacations timeshare now that the acquisition has closed? 10. Will HGVClub, The Club or Extraordinary Escapes Members automatically become part of Bluegreen Vacations Member program? 11. Will HGV continue to sell deeded and trust products? Inventory Availability, RCI & Destination Xchange Access 12. Will the acquisition impact inventory availability? 13. Can I use my points now to access Bluegreen Vacations resorts? 14. Will Bluegreen Vacations resorts be available to book through rental sites like Hilton.com, DiamondResortsandHotels.com or our Member websites? 15. I’m thinking of joining HGV Max. How will the acquisition impact my purchase? 16. I heard that you were working with Bass Pro Shops as part of the acquisition. What does this mean for Members? Relationship With Hilton 17. Will HGV’s relationship with Hilton change, including Hilton Honors Points conversions? 18. Will HGV retain the Hilton brand following the acquisition? Brand Standards 19. Will Bluegreen Vacations resorts meet HGV’s brand standards? Updates & Communications 20. How will I be notified of upcoming changes? 21. Who can I contact with additional questions or concerns related to the acquisition? ]]>
President & CEO
Hilton Grand Vacations
Hilton Grand Vacations’ acquisition of Bluegreen Vacations unites two highly complementary businesses, further enhancing our vision to become a premier vacation ownership and experiences company and growing to over 700,000 Members worldwide. We remain committed to providing our Owners and Members with a diverse range of vacation options to last for generations, in addition to premier exclusive events and travel experiences:
Once the acquisition closes, Bluegreen Vacations will become part of Hilton Grand Vacations Inc. HGV will continue to be traded on the New York Stock Exchange (NYSE) under the ticker symbol “HGV.”
Your vacation ownership and access rights stay the same. Owners and Members also will continue to have access to their existing resort exchange and/or membership programs. We are currently evaluating how to provide our Members with access across the new, larger portfolio. Details will be shared at a later date.
We are currently evaluating how to provide our HGV Max Members with access across the new, larger portfolio. Members with HGV Max benefits will not have to make an additional purchase to access Bluegreen Vacations resorts once they become available. Details will be shared at a later date.
Bluegreen Vacations resorts that become part of the larger HGV portfolio will be available for booking to Members with HGV Max benefits only. Members who are not part of HGV Max still have the option to join the program through an additional purchase or enjoy the many features and benefits of their existing Club membership.
Your vacation ownership remains the same and you will continue to make reservations the same way you do now. There will be no changes to any 2024 Club Dues, Resort Dues, maintenance fees or management charges because of the acquisition. While 2024 fees and dues increased in some areas, these changes were the result of external factors, such as higher insurance, external labor costs and property taxes, which are unrelated to the acquisition.
Each company’s vacation ownership interests cannot be merged. Access to your timeshare will stay the same.
Each company’s vacation ownership interests cannot be transferred. Access to your timeshare will stay the same.
HGV is unable to buy any timeshares from Bluegreen Vacations Members. Access to your vacation ownership will stay the same.
No; your Member program affiliation stays the same and all the features and benefits you enjoy today, as well as access to your vacation ownership, will not change. Bluegreen Vacations resorts that become part of the larger HGV portfolio will be available in the future for booking to Members with HGV Max benefits only. Members who are not part of HGV Max still have the option to join the program through an additional purchase or enjoy the many features and benefits of their existing Club membership.
HGV will continue to sell its deeded and points-based trust products as it does today. If new membership products become available in the future, we’ll be sure to communicate these with you.
You will continue to access available inventory the same way you do now. To access inventory that is not owned or managed by HGV, you will need to do so through RCI or Destination Xchange, based on your existing resort exchange and the rules of the respective membership programs. As cross-booking opportunities become available, HGV Max Members will have access to more resorts in the future across the larger portfolio without having to make an additional purchase. Members who are not part of HGV Max still have the option to join the program through an additional purchase or enjoy the many features and benefits of their existing Club membership. As always, Members are encouraged to book as far out as reservation windows allow. Please refer to your membership program rules for more details.
Currently, you may access Bluegreen Vacations resorts through RCI or Destination Xchange. As cross-booking opportunities become available, HGV Max Members will have access to more resorts across the larger portfolio without having to make an additional purchase. Members who are not part of HGV Max still have the option to join the program through an additional purchase or enjoy the many features and benefits of their existing Club membership.
For the time being, Bluegreen Vacations resorts will continue to be available for rental reservations in the same way they are now.
We are currently evaluating how to provide our Members with access across the new, larger portfolio. Decisions to join HGV Max should be made upon the program’s current benefits.
We will keep you informed as more details become available. Please stay tuned.
Our existing long-term agreement with Hilton remains, including access to more than 7,200 resorts and hotels globally. HGVClub Members and those with HGV Max benefits also will continue to have the option to convert their points to Hilton Honors Points at the current ratios, based on the rules of their membership program. For details, please review the rules of your membership program, which are available on your Member website.
Hilton Grand Vacations will remain one of Hilton’s many brands. The Hilton values and standards are cornerstones of our business.
HGV plans to rebrand the majority of Bluegreen Vacations resorts into the HGV family of brands over a phased, multi-year period. We will communicate details about rebranding efforts as they are finalized.
As details are finalized, we will communicate with Owners and Members to keep you informed along the way. HGV will continue to leverage existing communication channels, including updates via email, Member website notifications and announcements posted in our Club Traveler newsletter.
As details are finalized, we will communicate with Owners and Members to keep them informed.
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