Planned Acquisition	6 Months Ended
Jun. 30, 2021
Business Combinations [Abstract]
Planned Acquisition	Note 20: Planned Acquisition On March 10, 2021, we and our wholly-owned subsidiary Hilton Grand Vacations Borrower LLC entered into an Agreement and Plan of Merger, as amended (“Merger Agreement”), with Dakota Holdings, Inc. (“Diamond”), which is controlled by certain investment funds and vehicles managed by affiliates of Apollo Global Management Inc. (“Apollo”) and certain stockholders of Diamond, under which we agreed to acquire Diamond, in a stock transaction with an equity fair value of approximately $1.4 billion as of that date. Under the Merger Agreement, Apollo and other Diamond stockholders are expected to receive approximately 34.7 million shares (based on calculations as of June 1, 2021) of our common stock, par value $0.01 per share, subject to customary adjustments. Upon transaction close, existing HGV stockholders are expected to own approximately 72% of our shares of common stock on a fully-diluted basis and Apollo is expected to own approximately 28% of our shares of common stock on a fully-diluted basis. The transaction has been approved by the Board of Directors for both companies. Consummation of this transaction is subject to customary conditions, including approval from stockholders of both us and Diamond, receipt of any required regulatory approvals and other customary closing conditions. We intend to finance the transaction through a combination of cash on hand, assumption of debt and incremental debt financing. As of June 30, 2021, we have entered into debt agreements to provide incremental financing. See Note 11: Debt & Non-recourse Debt for further discussion. The transaction is expected to close in August 2021.

Planned Acquisition

6 Months Ended

Jun. 30, 2021

Note 20: Planned Acquisition

On March 10, 2021, we and our wholly-owned subsidiary Hilton Grand Vacations Borrower LLC entered into an Agreement and Plan of Merger, as amended (“Merger Agreement”), with Dakota Holdings, Inc. (“Diamond”), which is controlled by certain investment funds and vehicles managed by affiliates of Apollo Global Management Inc. (“Apollo”) and certain stockholders of Diamond, under which we agreed to acquire Diamond, in a stock transaction with an equity fair value of approximately $1.4 billion as of that date. Under the Merger Agreement, Apollo and other Diamond stockholders are expected to receive approximately 34.7 million shares (based on calculations as of June 1, 2021) of our common stock, par value $0.01 per share, subject to customary adjustments. Upon transaction close, existing HGV stockholders are expected to own approximately 72% of our shares of common stock on a fully-diluted basis and Apollo is expected to own approximately 28% of our shares of common stock on a fully-diluted basis. The transaction has been approved by the Board of Directors for both companies. Consummation of this transaction is subject to customary conditions, including approval from stockholders of both us and Diamond, receipt of any required regulatory approvals and other customary closing conditions.

We intend to finance the transaction through a combination of cash on hand, assumption of debt and incremental debt financing. As of June 30, 2021, we have entered into debt agreements to provide incremental financing. See Note 11: Debt & Non-recourse Debt for further discussion. The transaction is expected to close in August 2021.