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Florida & Gulf Coast  + Florida  + Hospitality  | 
Hilton Grand Vacations/Bluegree merge hotel sharing businesses

Two Florida Vacation Membership Giants Merge

Hilton Grand Vacations (HGV) offerings just increased by 40%. The company agreed to merge with Bluegreen Vacations Holding Corp. The acquisition has increased Hilton’s membership base from 525,000 to 740,000 vacation owners. Bluegreen has added 49 club resorts and 24 associate resorts to HGV’s flexible vacation business, which already owns and operates nearly 200 properties around the world. 

The Hilton hotel subsidiary paid Bluegreen $1.5 billion in an all-cash transaction. Bluegreen is from Boca Raton. HGV is based in Orlando. The deal is expected to add $100 million a year in recurring cost savings in the first two years.

“I’m thrilled to welcome Bluegreen Vacations to the HGV family, uniting two highly complementary businesses to further scale and diversify our best-in-class offering,” said Mark Wang, president and CEO of Hilton Grand Vacations.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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