Hilton Grand Vacations Inc.
Our History On January 3, 2017, HGV became an independent publicly traded company as a result of Hilton Worldwide Holdings Inc.'s ( Hilton ) tax-free spin-off of each of HGV and Park Hotels & Resorts …
Our History On January 3, 2017, HGV became an independent publicly traded company as a result of Hilton Worldwide Holdings Inc.'s ( Hilton ) tax-free spin-off of each of HGV and Park Hotels & Resorts Inc. ( Park ). HGV's common stock is listed on the New York Stock Exchange under the symbol HGV. Following the spin-off, Hilton did not retain any ownership in HGV. In connection with the spin-off, we entered into agreements with Hilton and other third parties, including licenses to use the Hilton Grand Vacations brand. For more information regarding these agreements, see Business Agreements with Hilton Worldwide Holdings. On August 2, 2021, we completed the acquisition of Dakota Holdings, Inc. ( Diamond ), the parent of Diamond Resorts International (the Diamond Acquisition ), by exchanging 100% of the outstanding equity interests of Diamond for shares of HGV common stock. As a result of the Diamond Acquisition, certain funds controlled by Apollo Global Management Inc. ( Apollo ) and other minority shareholders, which previously owned 100% of Diamond, held 28% of HGV's common stock at the time the Diamond Acquisition was completed. On January 17, 2024 (the Bluegreen Acquisition Date ), we completed the acquisition of Bluegreen Vacations Holding Corporation (the Bluegreen Acquisition ) in an all-cash transaction, with total consideration of $1.6 billion, inclusive of net debt.
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