Hilton Grand Vacations (HGV) has recently expanded its offerings by 40% through a merger with Bluegreen Vacations Holding Corp. This acquisition has significantly increased Hilton’s membership base from 525,000 to 740,000 vacation owners. With the addition of Bluegreen’s 49 club resorts and 24 associate resorts, HGV’s flexible vacation business now boasts nearly 200 properties worldwide.
In an all-cash transaction worth $1.5 billion, Hilton’s hotel subsidiary acquired Boca Raton-based Bluegreen. Headquartered in Orlando itself, HGV expects this deal to result in recurring cost savings of $100 million per year within the first two years.
“We are delighted to welcome Bluegreen Vacations into the HGV family as we join forces and leverage our strengths for even greater success,” stated Mark Wang, president and CEO of Hilton Grand Vacations.
The article highlights the merger between two major players in Florida’s vacation membership industry without mentioning specific company names or locations.
