Hilton Grand Vacations $341.6 Million Secondary Offering
Davis Polk advised the underwriter in connection with the $341.6 million secondary offering of 9,650,000 shares of common stock of Hilton Grand Vacations Inc. by certain selling stockholders affiliated with The Blackstone Group L.P. The common stock is traded on the New York Stock Exchange under the symbol “HGV.”
HGV is a rapidly growing timeshare company that markets and sells vacation ownership intervals, manages resorts in top leisure and urban destinations and operates a points-based vacation club.
The Davis Polk corporate team included partner Michael Kaplan and associate Milson C. Yu. Counsel Loyti Cheng and associate Yuko Masunaga provided environmental advice. Partner Rachel D. Kleinberg and associate Catherine L. Chu provided tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.