ORLANDO, FLA.—Congratulations to Womble Carlyle client Hilton Grand Vacations Inc. (HGV)! On Jan. 4th, HGV started trading “regular way” on the NYSE as an independent company under the symbol “HGV” as part of the completed spin-off transaction from Hilton Worldwide Holdings, Inc.
HGV operates 46 vacation resorts in top tourist destinations, including Hawaii, Las Vegas and New York City. The company is headquartered in Orlando.
A multi-office, multi-disciplinary team led by Alex Park represented Hilton Grand Vacations in this highly complex transaction, which has been in the works for more than a year. Other members of the Womble Carlyle team included: Adam Wheeler, Jane Jeffries Jones, Jackie Camp, Sid Shenoy, James Daniel, John Pueschel, Jan Baldwin, Vivian Coates, Clark Spencer, Morgan Arndt and Janet Lowder.
In addition, Park Hotels & Resorts, Inc. spun off to form a new company as part of the transaction.
Click here to read Hilton’s press release on the transaction.