Hilton Grand Vacations Acquires Bluegreen Vacations in $1.5 Billion Deal
Hilton Grand Vacations has announced its acquisition of Bluegreen Vacations in a $1.5 billion deal, including debt. The move aims to attract younger customers for its timeshare properties and expand its offerings. Shareholders of Bluegreen Vacations will receive $75 in cash for each share held. The deal is expected to close in the first half of 2024 and will increase Hilton Grand's membership base and resort portfolio. The acquisition will also expand Hilton's presence along the U.S. East Coast and include a 10-year marketing agreement with outdoor retailer Bass Pro Shops.