Hilton Grand Vacations to Expand Hawaii Portfolio, Offer First Property on Maui

HONOLULU–(BUSINESS WIRE)–Hilton
Grand Vacations Inc.
(NYSE: HGV) announces Maui Bay Villas by Hilton
Grand Vacations, which will be HGV’s 10th property in Hawaii and its
first on the island of Maui.


“Our customers consistently rank Maui as one of their top requests for
expanding our portfolio of resorts, and we’re thrilled to add this
spectacular destination for our owners and guests,” says Mark Wang,
president and CEO, Hilton Grand Vacations. “Expanding our brand presence
to a third Hawaiian Island will further support Net Owner Growth by
attracting new customers and enhancing the experience we offer our
current owners.”

Maui Bay Villas is located on a 27-acre site featuring 740 feet of
oceanfront with views of Maalaea Bay. The resort will offer 388 units of
one-, two- and three-bedroom suites, averaging 962 square feet, among a
dozen one- to four-story buildings that are arranged in a low-density,
resort-type campus. Planned amenities include a large clubhouse with
restaurant, keiki club, fitness center, grab-and-go market, large “super
pool” with pool bar, oceanfront beach club and more than 15 acres of
open-lawn recreational space. The resort site is located on Maui’s
southwestern coast at 575 South Kihei Road.

The initial phase of the project includes 131 units within four
buildings, plus all the supporting buildings and improvements, and is
scheduled to be completed in the first quarter of 2021. Sales are
expected to begin in the first quarter of 2020. Development costs for
this project were included in the overall 2019-2021 inventory spending
guidance that was provided during HGV’s Investor Day presentation on
Dec. 4, 2018.

Forward-Looking Statements

Statements in this press release that are not historical facts may be
forward-looking statements. Forward-looking statements involve
substantial risks and uncertainties that could cause the outcome to be
materially different. Words such as “may,” “will,” “seeks,”
“anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,”
“would” or similar expressions indicate a forward-looking statement;
however, not all forward-looking statements include these identifying
words. Actual results may differ materially from those contemplated by
such forward-looking statements, including those set forth in the “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” sections of HGV’s most recent
Annual Report on Form 10-K and HGV’s most recent Form 10-Q; as such,
Risk Factors may be updated from time to time in subsequent reports.
Further, forward-looking statements speak only as of the date they are
made, and HGV undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results over time, except as required by law.

About Hilton Grand Vacations Inc.

Hilton Grand Vacations Inc. (NYSE: HGV) is recognized as a leading
global timeshare company. With headquarters in Orlando, Florida, HGV
develops, markets and operates a system of brand-name, high-quality
vacation ownership resorts in select vacation destinations. The company
also manages and operates two innovative club membership programs:
Hilton Grand Vacations Club® and The Hilton Club®, providing exclusive
exchange, leisure travel and reservation services for more than 300,000
club members. For more information, visit www.hgv.com
and www.hiltongrandvacations.com.

Contacts

Megumi Haubner
+1-808-846-6028
Megumi.Haubner@hgv.com