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MVC (Marriott Vacation Club) and HGV (Hilton Grand Vacations) have some distinguishing factors that set them apart from each other in the vacation ownership industry.

Here are some key aspects that differentiate the two:

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MVC (Marriott Vacation Club) and HGV (Hilton Grand Vacations) share several similarities as prominent players in the vacation ownership industry.

Here are some key similarities between the two:

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The purpose of Hilton Grand Vacations (HGV) is to provide exceptional vacation ownership experiences and deliver value to its members. HGV offers a range of vacation ownership products and services to individuals and families, allowing them to enjoy memorable vacations in desirable destinations.

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The corporate purpose of Marriott Vacation Club (MVC) is to provide vacation ownership opportunities and exceptional vacation experiences to its members. MVC aims to offer individuals and families the chance to own a flexible and convenient vacation lifestyle by purchasing vacation ownership interests in their resorts.

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The key aspects of MVC's corporate purpose include:

Vacation Ownership

Exceptional Experiences

Flexibility & Choice

Customer Satisfaction

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Marriott Vacation Club is established as a subsidiary of the Marriott Corporation, offering vacation ownership opportunities to customers.

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Welcome to our story-telling Padlet!
Here we will be discussing two of the nation's leading hotel brands: Marriott and Hilton. Not only are these hotel brands known through the nation, but also through out the world!
There has to be a reason behind their huge success, right? What can it be? Well, in this presentation we will be comparing the two hotel brands in hope to give you some knowledge of their history, purpose, and goals.

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Hotel Industry News | Marriott News Center

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Follow the latest updates and discover new information about the hotel industry at Marriott News Center.

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Hilton Grand Vacations is established as a division of Hilton Hotels Corporation, offering vacation ownership opportunities to customers.

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Both MVC and HGV operate vacation ownership programs that allow individuals to purchase ownership interests in resorts. These ownership interests provide members with the opportunity to enjoy vacations in high-quality accommodations within their respective networks.

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Hilton Grand Vacations (HGV) has several key goals that drive its operations and strategic direction.

These goals include:

Member Satisfaction

Member Growth

Resort Portfolio Expansion

Operational Excellence

Financial Performance

Industry Leadership

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The primary objectives and purposes of HGV are as follows:

Vacation Ownership

Exceptional Experiences

Flexibility & Choice

Customer Satisfaction

Growth & Innovation

Shareholder Value

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MVC is associated with the Marriott brand, which is recognized worldwide for its extensive hotel portfolio. HGV, on the other hand, maintains a strategic alliance with the Hilton brand, leveraging its reputation and customer loyalty. The brand affiliation can influence the resort experiences, services, and amenities offered by each company.

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Marriott Vacation Club (MVC) has several key goals that drive its operations and strategic direction.

These goals include:

Customer Satisfaction

Membership Growth

Resort Portfolio Expansion

Flexibility & Options

Operational Excellence

Industry Leadership

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Marriott spins off it's timeshare division into a separate company called Marriott Ownership Resorts, Inc.

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Marriott Ownership Resorts Inc. merges with Horizons Hospitality Corporation, a timeshare company, and is renamed Marriott Vacation Club International (MVCI).

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MVCI acquires American Resorts Group, Inc., which adds four resorts to its portfolio.

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Marriott International acquires MVCI, bringing it back under the Marriott corporate umbrella.

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Marriott Vacations Worldwide Corporation (MVW) is spun off from Marriott International as a separate publicly traded company. MVW includes Marriott Vacation Club, Grand Residences by Marriott, and The Ritz-Carlton Destination Club.

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MVW completes the acquisition of ILG, Inc., a leading provider of vacation experiences and exchange services. This acquisition brings additional brands and properties, such as Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club, under the MVW umbrella.

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MVW acquires Welk Resorts, expanding its footprint in popular vacation destinations such as California, Colorado, and Missouri.

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Hilton Grand Vacations Club is launched, introducing the points-based vacation ownership program.

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MVC and HGV both utilize points-based systems for their vacation ownership programs. Members can convert their ownership interests into points, which can then be used to book stays at various resorts within the network. This points-based structure offers flexibility and allows members to customize their vacations.

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Hilton Hotels Corporation is acquired by The Blackstone Group, a private equity firm.

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While both MVC and HGV have a diverse collection of resorts, their portfolios differ in terms of locations, brand affiliations, and resort styles. MVC has a broader range of brands under its portfolio, including Marriott Vacation Club, Sheraton Vacation Club, and Westin Vacation Club. HGV primarily focuses on Hilton-branded properties such as Hilton Grand Vacations Club and The Hilton Club.

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Hilton Worldwide announces plans to spin off its timeshare business, including Hilton Grand Vacations, into a separate publicly traded company.

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Hilton Worldwide completes the spinoff of its timeshare business, forming Hilton Grand Vacations (HGV) as an independent company. HGV starts trading on the New York Stock Exchange under the ticker symbol "HGV."

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HGV acquires the Elara, a Hilton Grand Vacations Club property located in Las Vegas, Nevada. This acquisition marks HGV's entry into the Las Vegas market.

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HGV announces the acquisition of The Quin, a hotel in New York City, which is later converted into The Quin Central Park by Hilton Club.

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HGV acquires the top six floors of the DoubleTree by Hilton Hotel Chicago - Magnificent Mile, converting it into The Ritz-Carlton Club, Chicago.

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Both MVC and HGV have established networks of resorts in desirable vacation destinations. These resorts offer a range of amenities, services, and activities to enhance the vacation experience for members. Both companies strive to maintain high standards of quality and customer satisfaction across their resort portfolios.

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HGV acquires Diamond Resorts International, Inc., a leading vacation ownership company with a diverse portfolio of properties. This acquisition significantly expands HGV's footprint and customer base.

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HGV announces the acquisition of the top six floors of the Waldorf Astoria New York, converting it into The Towers of the Waldorf Astoria.

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MVC typically operates with a fixed-week ownership structure, where members have a specific week or weeks in a particular unit at a chosen resort. In contrast, HGV primarily operates under a points-based ownership system, providing members with more flexibility to choose dates, durations, and accommodations within their allocated points.

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MVC and HGV provide exchange programs that enable members to trade their vacation ownership interests or points for stays at other resorts within their respective networks. These exchange programs offer members the opportunity to explore new destinations and broaden their vacation experiences.

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Both companies offer various membership benefits to their members. These benefits may include access to additional travel services, discounts on accommodations, priority booking privileges, and exclusive events or experiences. The goal is to enhance the value and satisfaction of being a vacation owner.

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Both MVC and HGV offer exchange programs, allowing members to trade their vacation ownership interests for stays at other resorts within their respective networks. MVC members can participate in the Marriott Vacation Club Destinations program, while HGV offers its members access to the Hilton Grand Vacations Club exchange network. The specific offerings, partnerships, and exchange options may differ between the two companies.

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MVC and HGV are recognized as reputable and established brands in the vacation ownership industry. They have a history of providing vacation ownership opportunities and delivering quality vacation experiences to their members. Both companies aim to uphold their industry reputation and customer trust.

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Marriott Vacation Club (MVC) has a larger portfolio of vacation ownership properties compared to Hilton Grand Vacations (HGV). MVC has a substantial number of resorts under its brand, including Marriott Vacation Club, Sheraton Vacation Club, and Westin Vacation Club, among others. These resorts are located in various destinations worldwide.

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Corporate Affiliation: While both companies are independent entities, they have different corporate affiliations. MVC is part of Marriott International, a leading hospitality company that operates numerous hotel brands worldwide. HGV, on the other hand, is an independent company spun off from Hilton Worldwide. The corporate affiliations can influence the overall strategies, operations, and customer benefits associated with each company.

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MVC has a longer history in the vacation ownership industry, having been established in 1984. It has a significant market presence and an extensive customer base. HGV, while formed more recently through a spinoff in 2016, has quickly expanded its operations and resort portfolio. The market presence and brand recognition may vary between the two companies.

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Marriott Vacations Worldwide Receives Diversity in Business Award from Orlando B ...

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ORLANDO, Fla.--()-- Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company") announces its Board of Directors approved a two-year share repurchase plan authorizing the Company to repurchase up to an aggregate of $500 million of its outstanding shares of common stock.

The new repurchase plan will commence once the existing two-year repurchase program, which was approved by the Board of Directors in May 2022 for $500 million, is fully completed. As of April 30, 2023, the Company had approximately $83 million remaining under the prior repurchase program.

"I'm pleased to announce that our Board of Directors has authorized a new $500 million, two-year share repurchase plan," said Dan Mathewes, senior executive vice president and CFO at Hilton Grand Vacations. "This new plan underscores our continued commitment to delivering long-term value to our shareholders through capital returns and reflects confidence in our cash flow trajectory and balance sheet strength."

HGV may repurchase shares in the open market, in privately negotiated transactions or in such other manners as determined by the Company, including through repurchase plans complying with the rules and regulations of the Securities and Exchange Commission (the "SEC"). The amount and timing of any repurchases made under the stock repurchase program will depend on a variety of factors, including available liquidity, cash flow and market conditions. The stock repurchase program does not obligate HGV to repurchase any dollar amount or number of shares of common stock and the program may be suspended or discontinued at any time.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements convey management's expectations as to the future of HGV, and are based on management's beliefs, expectations, assumptions and such plans, estimates, projections and other information available to management at the time HGV makes such statements. Forward-looking statements include all statements that are not historical facts, and may be identified by terminology such as the words "outlook," "believe," "expect," "potential," "goal," "continues," "may," "will," "should," "could," "would," "seeks," "approximately," "projects," "predicts," "intends," "plans," "estimates," "anticipates," "future," "guidance," "target," or the negative version of these words or other comparable words, although not all forward-looking statements may contain such words. The forward-looking statements contained in this press release include statements related to HGV's revenues, earnings, taxes, cash flow and related financial and operating measures, and expectations with respect to future operating, financial and business performance and other anticipated future events and expectations that are not historical facts.

HGV cautions you that its forward-looking statements involve known and unknown risks, uncertainties and other factors, including those that are beyond HGV's control, which may cause the actual results, performance or achievements to be materially different from the future results. Any one or more of these risks or uncertainties could adversely impact HGV's operations, revenue, operating profits and margins, key business operational metrics, financial condition or credit rating.

For a more detailed discussion of these factors, see the information under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in HGV's most recent Annual Report on Form 10-K, which may be supplemented and updated by the risk factors in HGV's quarterly reports, current reports and other filings HGV makes with the SEC.

HGV's forward-looking statements speak only as of the date of this press release or as of the date they are made. HGV disclaims any intent or obligation to update any "forward-looking statement" made in this press release to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

About Hilton Grand Vacations Inc.

Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global timeshare company. With headquarters in Orlando, Florida, Hilton Grand Vacations develops, markets and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. As one of Hilton's 19 premier brands, Hilton Grand Vacations has a reputation for delivering a consistently exceptional standard of service, and unforgettable vacation experiences for guests and more than 515,000 Club Members. Membership with the Company provides best-in-class programs, exclusive services and maximum flexibility for our Members around the world. For more information, visit https://corporate.hgv.com.

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Hilton Grand Vacations Announces New Share Repurchase Plan

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ORLANDO, Fla.--()-- Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company") announces its Board of Directors approved a two-year share repurchase plan authorizing the Company to repurchase up to an aggregate of $500 million of its outstanding shares of common stock.