Hilton Grand Vacations is also eyeing a sales boost by inheriting Bluegreen's marketing deal with Bass Pro's 200 stores after the timeshare giant fully digests its latest acquisition.
It's not wholly surprising that Michael Brown, CEO of Travel and Leisure Co., topped the list of compensation among the top bosses of timeshare operators. His company led its peers in revenue and net income last year.
In a financial update, Hilton Grand Vacations (HGV) showcased its sector leadership with a revenue of $3.978 billion last year. Rivals Travel and Leisure Co. and Marriott Vacations Worldwide continued to see resilient sales, too.
Hilton Grand Vacations Inc. completed the previously disclosed acquisition of Bluegreen Vacations. The transaction broadens HGV’s offerings, customer reach, and sales locations, creating a premier vacation ownership, and experiences company.
Hilton Grand Vacations Inc. has entered into a definitive agreement to acquire Bluegreen Vacations for $75 per share in an all-cash transaction, representing a total consideration of approximately $1.5 billion.