Earlier this month Hilton Grand Vacations sent owners an email detailing an adjustment regarding the points allocated to all HGV vacation ownerships, as well as the number of points needed to make a reservation.
ClubPoint Values To Be Raised By 160%
On February 24th, 2022, all points values will be increased by 60%. This means 1 Club Point will be increased to 1.6 points for both the number of points you own, and the number of ClubPoints it takes to book a reservation. This change will not change your ability to make reservations as both the number of points allocated to your ownership and the number of points needed to book are being equally scaled to 160% of their original value.
Example: If your current ownership is currently allocated 7,200 ClubPoints annually, starting February 24th, 2022, your new point allocation will be 11,520 annually. Likewise, the number of points it will take to book your same unit size, in your deeded season at your deeded resort will also be adjusted to 11,520.
Why is Hilton Adjusting ClubPoint Values?
Although this change will not alter your ability to book the same great vacations you’re accustomed to, it does help Hilton Grand Vacations offer a centralized reservation system for both Diamond and Hilton timeshare resorts. Hilton has also teased details of a “future membership offering” that will provide access to additional properties in new markets that is to be announced at a later date.
How Does This Impact Hilton Honors Points Conversions or ClubPartner Perks?
Hilton Honors points conversions will also be adjusted to ensure that you are able to receive the same number of Hilton Honors points per ClubPoint. Also, the dollar amount per Points converted for ClubPartner Perks will also be adjusted proportionally.
| Conversion Ratios | Before Adjustment | After Adjustment |
|---|---|---|
| Conversion Ratio for Immediate Hilton Honors Reservations | 1 ClubPoint : 20 Honors Points | 1 ClubPoint : 13 Honors Points |
| Hilton Honors Conversion Ratio for Following-Year Use | 1 ClubPoint : 25 Honors Points | 1 ClubPoint : 16 Honors Points |
| Hilton Honors Conversion Ratio for Following-Year Use (Hilton Club Only) | 1 ClubPoint : 50 Honors Points | 1 ClubPoint : 32 Honors Points |
What About Elite Tiers?
ClubPoints allocated to Members with Elite status will increase with the Points adjustment by 60%. In addition, qualifying Points for each of the three Elite tiers (Elite, Elite Plus and Elite Premier) will increase by the same 60%.
| Membership Tier | Before Adjustment | After Adjustment |
|---|---|---|
| Standard | 0 to 13,999 ClubPoints | 0 to 22,399 ClubPoints |
| Elite | 14,000 to 23,999 ClubPoints | 22,400 to 38,399 ClubPoints |
| Elite Plus | 24,000 to 33,999 ClubPoints | 38,400 to 54,399 ClubPoints |
| Elite Premier | 34,000 ClubPoints and Up | 54,400 ClubPoints and Up |
Want To Learn More?
Hilton has created an online learning path to help current HGV owners learn more. Visit my.hgv.com/points-adjustment to:
- Watch video tutorials
- Review Frequently Asked Questions
- Use Points Adjustment Calculator to see your new Points total (HGV login needed)
Hilton Grand Vacations has announced that they will be acquiring Diamond Resorts, who is the largest independent timeshare operator.
The agreement between Hilton Grand Vacations Inc. and Diamond Resorts International, Inc. will be a stock based transaction, with the estimated value of approximately 1.4 billion. These funds will be coming from a variety of sources such as; Apollo Global Management, Inc., Reverence Capital Partners, and other Diamond stockholders. Per this transaction agreement, Apollo Global Management and other Diamond Resort stockholders will be receiving 34.5 million shares of Hilton Grand Vacations common stock.
This is quite a complementary pairing, given that Hilton Grand Vacation has 62 properties along with 325,000 owners and Diamond Resorts boasts 92 resorts and close to 400,000 owners. Combining these two companies will make them the top vacation company in the industry. This deal is anticipated to generate $125 million in run-rate synergies within 24 months after closing.
Mark Wang, president and CEO of Hilton Grand Vacations, had this to say on this new agreement between the two companies.
I’m excited to announce our transformational agreement to add Diamond Resorts to the Hilton Grand Vacations family, accelerating our next phase of growth.
This strategic combination will leverage the strengths of each company, positioning us to drive significant Net Owner Growth while enhancing efficiencies of scale and generating significant shareholder value. Diamond’s extensive regional, drive-to network of resorts and expanded demographics uniquely complement HGV’s best-in-class lead generation, world-class hospitality, and premier destinations backed by the strength of the Hilton brand.
For our valued team members, owners and guests, this combination creates new opportunities to provide exciting destinations and memorable vacation experiences while continuing to provide exceptional levels of service.
This agreement will ultimately provide owners with more options for their vacation, as it ushers Hilton Grand Vacations into 20 new markets and creates a larger range of pricing and product opportunities for owners.
