HGV Stock Recent News

Investors with an interest in Hotels and Motels stocks have likely encountered both Hilton Grand Vacations (HGV) and Hyatt Hotels (H). But which of these two companies is the best option for those looking for undervalued stocks?

The industry is benefiting from increasing demand and RevPAR. Stocks like HTHT, WH and HGV will likely benefit from the prevailing scenario.

Timeshares, also known as vacation ownership, is one of the most controversial industries in the United States. It has been known for over-marketing, exploitation of its customers, difficulty of moving out, and expensive costs.

Hilton Grand Vacations Inc. HGV, +0.92% said Friday it's planning an offering of $900 million of 8-year high-yield bonds as part of the financing for its acquisition of Bluegreen Vacation Holding Corp. Hilton announced the $1.5 billion cash deal in November, which includes debt. The stock was down 0.9% premarket but is up about 1% in the last 12 months, while the S&P 500 SPX, -0.34% has gained 23%.

Growth decelerated in Q3 for this timeshare company.

Hotel stocks like Civeo Corporation (CVEO), Hilton Grand Vacations (HGV) and InterContinental Hotels Group PLC (IHG) are expected to benefit from the boom in travel this holiday season.

Hilton Grand Vacations Inc. (NYSE:HGV ) Q3 2023 Earnings Conference Call November 6, 2023 11:00 AM ET Company Participants Mark Melnyk - Senior Vice President, Investor Relations and G&A Mark Wang - President and Chief Executive Officer Dan Mathewes - Chief Financial Officer Conference Call Participants Patrick Scholes - Truist Securities Brandt Montour - Barclays Chris Woronka - Deutsche Bank Operator Good morning and welcome to the Hilton Grand Vacations Third Quarter 2023 Earnings and Acquisition Announcement Conference Call. A telephone replay will be available for seven days following the call.

A huge high-premium asset buy turned investors away from the leisure specialist. The company also reported top- and bottom-line slumps in its third quarter.

Bluegreen Vacations is on track to bought by Hilton Grand Vacations in an all-cash deal. Hilton Grand Vacations will pay $75 per share to acquire Bluegreen.

Hilton Grand Vacations (HGV) announced Monday it has entered into a definitive agreement to acquire Bluegreen Vacations for about $1.5 billion to expand its customer base and offerings. HGV, a timeshare company partnered with Hilton Worldwide Holdings Inc (NYSE:HLT), will pay $75 per share for Bluegreen Vacations, almost double the company's closing price on Friday of US$35.52 The deal will increase HGV's customer base from 525,000 to more than 740,000 and will expand its resort portfolio from 150 to nearly 200 properties, including resorts in eight new states.