What To Know
- These timeshares allow owners to occupy a specific unit at a resort for a predetermined period each year.
- For example, HGV owners can use their points to book stays at Hilton hotels and earn Hilton Honors points on their HGV vacations.
- The value of a HGV timeshare depends on several factors, including the location, size, and amenities of the resort, as well as the overall demand for vacation ownership properties.
Hilton Grand Vacations (HGV) and Hilton Hotels & Resorts are two distinct entities, although they share a common heritage. HGV is a vacation ownership company that offers timeshares and vacation packages, while Hilton Hotels & Resorts is a hotel chain that operates properties worldwide.
A Closer Look at Hilton Grand Vacations
HGV was founded in 1992 as a subsidiary of Hilton Hotels Corporation. In 2007, it became a publicly traded company known as Hilton Grand Vacations, Inc. HGV’s business model involves selling vacation ownership interests, known as timeshares, at various resorts. These timeshares allow owners to occupy a specific unit at a resort for a predetermined period each year.
The Hilton Connection
Despite being a separate company, HGV maintains a close relationship with Hilton Hotels & Resorts. Many HGV resorts are located adjacent to or within Hilton-branded hotels, and HGV members enjoy certain benefits and privileges at Hilton properties. For example, HGV owners can use their points to book stays at Hilton hotels and earn Hilton Honors points on their HGV vacations.
Ownership Structure
Hilton Hotels & Resorts is owned by Hilton Worldwide Holdings, Inc., a publicly traded company. Hilton Worldwide Holdings also owns other hospitality brands, including Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, and DoubleTree by Hilton.
Is HGV a Good Investment?
The value of a HGV timeshare depends on several factors, including the location, size, and amenities of the resort, as well as the overall demand for vacation ownership properties. It’s important to carefully consider the financial implications and potential return on investment before purchasing a timeshare.
Advantages and Disadvantages of HGV Ownership
Advantages:
- Guaranteed vacation time at a specific resort
- Potential for appreciation in value
- Access to exclusive amenities and discounts
Disadvantages:
- High initial investment cost
- Ongoing maintenance and property taxes
- Limited flexibility in scheduling vacations
Alternatives to HGV
If you’re considering vacation ownership but aren’t sure about HGV, there are other options available. These include:
- Interval International: A vacation exchange company that allows members to trade their timeshare weeks for stays at other resorts.
- Marriott Vacation Club: A timeshare program offered by Marriott International.
- Wyndham Vacation Clubs: A timeshare program offered by Wyndham Worldwide.
Conclusion: Exploring Your Vacation Ownership Options
Whether or not HGV is a good fit for you depends on your individual circumstances and financial goals. By thoroughly researching the company, understanding the ownership structure, and considering the advantages and disadvantages, you can make an informed decision about whether HGV timeshare ownership is right for you.
Answers to Your Most Common Questions
Q: Is HGV owned by Hilton?
A: No, HGV is a separate company but maintains a close relationship with Hilton Hotels & Resorts.
Q: What is the difference between HGV and Hilton Hotels & Resorts?
A: HGV offers vacation ownership properties (timeshares), while Hilton Hotels & Resorts operates traditional hotel properties.
Q: Is HGV a good investment?
A: The value of a HGV timeshare depends on various factors and should be carefully considered before purchasing.
Q: What are the advantages of HGV ownership?
A: Guaranteed vacation time, potential for appreciation, and access to amenities and discounts.
Q: What are the disadvantages of HGV ownership?
A: High initial cost, ongoing maintenance fees, and limited flexibility in scheduling vacations.
Q: What are some alternatives to HGV?
A: Interval International, Marriott Vacation Club, and Wyndham Vacation Clubs.
