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At Hilton Grand Vacations, we believe an important part of what makes us different is our passion for creating new and exciting travel experiences. Whether it’s a Member or Owner who joins us again and again at their favorite travel destination or jumps at an incredible experience through HGV Ultimate Access, we love to provide you with more options to explore on each and every trip. For us, it’s about finding the people who share our love for adventure and bringing them the unique and exceptional moments that make the journey. That’s why I’m excited to share we’ve found a partner who will help us take an important step forward in the experiences we offer. Today we’re announcing our plans to acquire Bluegreen Vacations, expanding HGV’s offering with the addition of 48 managed resorts in 14 new destinations such as Nashville, New Orleans, San Antonio and Vail, and in eight new states. The acquisition will bring our new total Members to over 740,000 worldwide. Why It Matters With Bluegreen Vacations, we will enhance our spirit of experiences with new partners and broaden our HGV Ultimate Access platform. This includes entering into a new, long-term exclusive marketing agreement and joint venture with Bass Pro Shops as its official vacation ownership provider, which includes four wilderness lodges. Further, by adding Bluegreen Vacations to the HGV family, Members with HGV Max benefits will have access to more vacation options across an even larger portfolio — from 150 resorts to nearly 200 properties — as opportunities to make reservations across the combined portfolio become available. What It Means Our combination with Bluegreen Vacations isn’t just another acquisition — it’s a milestone for HGV’s future. With Bluegreen Vacations, we’ll move into a new space, transforming our business from a leader in the vacation ownership industry to a leader in premier travel experiences that build on our proud legacy of adventure, innovation and exploration. While integrating Bluegreen Vacations will be a multi-year, phased initiative, you will continue to receive the same level of service you’ve come to expect from us, and access to your vacation ownership, usage rights and membership will stay the same. In addition, we’ll never stop striving to improve our offerings and services to all Owners and Members as we move forward with the acquisition and after. Why Bluegreen Vacations I also believe acquiring Bluegreen Vacations is the right decision because of their commitment to quality and service. Like us, Bluegreen Vacations is guided by its core values and is passionate about acting with excellence, integrity and trust. Together, I firmly believe that we’ll create an even stronger HGV culture of hospitality and care for our Owners, Members, Guests and Team Members. Next Steps Today is an exciting moment, and it’s the first step in this journey. For more information, you can read the announcement press release and the Frequently Asked Questions below. This process will take time and is subject to regulatory approvals and customary closing conditions. We anticipate closing in the first half of 2024. Until then, both organizations will continue to remain two independent, public companies. Through the acquisition of Bluegreen Vacations, we have the chance to start a new adventure, explore new partnerships and bring new travel options to you — our loyal Owners and Members. I can’t wait for what’s ahead. Mark Wang About the Acquisition 1. Why is Hilton Grand Vacations planning to acquire Bluegreen Vacations? More Vacation Options More Destinations Bluegreen Vacations 48 managed resorts will add 14 new destinations and eight new states — Louisiana, Massachusetts, Michigan, New Hampshire, Pennsylvania, Georgia, Texas and Wisconsin — while continuing to expand our resort portfolio in states like Colorado, Florida, Missouri, North and South Carolina and Tennessee. Unparalleled Service and Access 2. When will the planned acquisition take place? 3. Will HGV remain a publicly traded company? HGV will continue to be traded on the New York Stock Exchange (NYSE) under the ticker symbol “HGV.” Timeshare Ownership 4. Will the acquisition of Bluegreen Vacations affect Owners and Members? 5. I’m an HGV Max Member. Will I have to make a new purchase to access Bluegreen Vacations resorts once the acquisition closes? Members with HGV Max benefits will not have to make an additional purchase to access Bluegreen Vacations resorts that become part of the larger portfolio and as cross-booking opportunities become available. 6. Will Bluegreen Vacations resorts become available to Members without HGV Max benefits once the acquisition closes? Bluegreen Vacations resorts that become part of the larger HGV portfolio will be available for booking to Members with HGV Max benefits only. Members who are not part of HGV Max still have the option to join the program through an additional purchase or enjoy the many features and benefits of their existing Club membership. 7. Will the terms of my current timeshare ownership change? Will my 2024 fees go up due to the acquisition? Your vacation ownership will remain the same and you will continue to make reservations the same way you do now. There will be no changes to any 2024 Club Dues, Resort Dues, maintenance fees or management charges because of the acquisition. While 2024 fees and dues have increased in some areas, these changes were the result of external factors, such as higher insurance, external labor costs and property taxes, which are unrelated to the acquisition. 8. Will I be able to merge my ownership interests once the acquisition closes? Each company’s vacation ownership interests cannot be merged. Access to your timeshare will stay the same. 9. Will I be able to transfer my existing timeshare ownership to Bluegreen Vacations? Each company’s vacation ownership interests cannot be transferred. Access to your timeshare will stay the same. 10. Will HGV buy my Bluegreen Vacations timeshare once the acquisition closes? HGV is unable to buy any timeshares from Bluegreen Vacations Members. Access to your vacation ownership will stay the same. 11. Will HGVClub, The Club or Extraordinary Escapes Members automatically become part of Bluegreen Vacations' Member program once the acquisition closes? No; your Member program affiliation will stay the same and all the features and benefits you enjoy today, as well as access to your vacation ownership, will not change. Bluegreen Vacations resorts that become part of the larger HGV portfolio will be available in the future for booking to Members with HGV Max benefits only. Members who are not part of HGV Max still have the option to join the program through an additional purchase or enjoy the many features and benefits of their existing Club membership. 12. Will HGV continue to sell deeded and trust products? Inventory Availability, RCI & Destination Xchange Access 13. Will the acquisition impact inventory availability? 14. Can I use my points now to access Bluegreen Vacations resorts? Currently, you may access Bluegreen Vacations resorts through RCI or Destination Xchange. Once the acquisition closes and as cross-booking opportunities become available, HGV Max Members will have access to more resorts across the larger portfolio without having to make an additional purchase. Members who are not part of HGV Max still have the option to join the program through an additional purchase or enjoy the many features and benefits of their existing Club membership. 15. Will Bluegreen Vacations resorts be available to book through rental sites like Hilton.com, DiamondResortsandHotels.com or our Member websites? For the time being, Bluegreen Vacations resorts will continue to be available for rental reservations in the same way they are now. As Bluegreen Vacations resorts are rebranded under the HGV umbrella, they will be available for rental on Hilton.com. Also, as cross-booking opportunities become available, HGV Max Members will have access to more resorts across the larger portfolio without having to make an additional purchase. Members who are not part of HGV Max still have the option to join the program through an additional purchase or enjoy the many features and benefits of their existing Club membership. 16. I’m thinking of joining HGV Max. How will this impact my purchase? 17. I heard that you’re working with Bass Pro Shops as part of the acquisition. What does this mean for Members? Relationship With Hilton 18. Will HGV’s relationship with Hilton change, including Hilton Honors Points conversions? Our existing long-term agreement with Hilton remains, including access to more than 7,200 resorts and hotels globally. HGVClub Members and those with HGV Max benefits also will continue to have the option to convert their points to Hilton Honors Points at the current ratios, based on the rules of their membership program. For details, please review the rules of your membership program, which are available on your Member website. 19. Will HGV retain the Hilton brand? Hilton Grand Vacations will remain one of Hilton’s many brands. The Hilton values and standards are cornerstones of our business and critical to our future success. Brand Standards 20. Will Bluegreen Vacations resorts meet HGV’s brand standards? Once the acquisition closes, the vast majority of Bluegreen Vacations resorts will be rebranded into the HGV family of brands over a phased, multi-year period. We will communicate details about any rebranding efforts as they are finalized. Updates & Communications 21. How will I be notified of upcoming changes? Once the acquisition closes and as details are finalized, we will communicate with Owners and Members to keep you informed along the way. HGV will continue to leverage existing communication channels, including updates via email, Member website notifications and announcements posted in our Club Traveler newsletter. 22. Who can I contact with additional questions or concerns related to the acquisition? Once the acquisition closes and as details are finalized, we will communicate with Owners and Members to keep them informed.
President & CEO
Hilton Grand Vacations
Hilton Grand Vacations’ planned acquisition of Bluegreen Vacations will unite two highly complementary businesses, further enhancing our vision to become a premier vacation ownership and experiences company and growing to over 740,000 Members worldwide. We remain committed to providing our Owners and Members with a diverse range of vacation options to last for generations, in addition to premier exclusive events and travel experiences:
By adding Bluegreen Vacations to the HGV family, Members with HGV Max benefits will have access to more vacation options in the future across an even larger portfolio — from 150 resorts to nearly 200 properties — as opportunities to make reservations across the combined portfolio become available.
While integrating Bluegreen Vacations into the HGV family will be a multi-year, phased initiative, you will continue to receive the same level of service you’ve come to expect from us, and access to your vacation ownership and membership will stay the same. In addition, we’ll never stop striving to improve our offerings and services to all Owners, Members and Guests as we move forward with the acquisition.
HGV’s agreement to acquire Bluegreen Vacations is anticipated to close during the first half of 2024, pending all necessary and required approvals and customary closing conditions.
Your vacation ownership and access rights will stay the same. Owners and Members also will continue to have access to their existing resort exchange and/or membership programs. As cross-booking opportunities become available, HGV Max Members will have access to more resorts across the larger portfolio without having to make an additional purchase. Members who are not part of HGV Max still have the option to join the program through an additional purchase or enjoy the many features and benefits of their existing Club membership.
HGV will continue to sell its deeded and points-based trust products as it does today. If new membership products become available in the future, we’ll be sure to communicate these with you.
You will continue to access available inventory the same way you do now. To access inventory that is not owned or managed by HGV, you will need to do so through RCI or Destination Xchange, based on your existing resort exchange and the rules of the respective membership programs. As cross-booking opportunities become available, HGV Max Members will have access to more resorts in the future across the larger portfolio without having to make an additional purchase. Members who are not part of HGV Max still have the option to join the program through an additional purchase or enjoy the many features and benefits of their existing Club membership. As always, Members are encouraged to book as far out as reservation windows allow. Please refer to your membership program rules for more details.
Once the acquisition closes and details are finalized, Bluegreen Vacations resorts will be available in the future to Members with HGV Max benefits. Current HGV Max Members will not have to make an additional purchase to access these resorts in the future. HGV Max Members will have access to more vacation options across the larger portfolio — from 150 resorts to nearly 200 properties — as cross-booking opportunities are available.
We will keep you informed as more details become available. Please stay tuned.
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