secwatch.observer — SEC 8-K summary
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Issuer:     Hilton Grand Vacations Inc. (HGV)
CIK:        0001674168
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001193125-23-228625
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HGV sees $20-25M Q3 contract sales hit, $12-15M EBITDA hit from Maui wildfires
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- Neither Maui property (Kā‘anapali Beach Club, Maui Bay Villas) sustained physical damage, business interruption insurance in place.
- Q3 2023 impact estimated: $20-25M in contract sales, $12-15M in Adjusted EBITDA.
- Hawaii contract sales were ~16% of total TTM ended June 30, 2023; Maui properties over 20% of Hawaii sales.
- Nearly $500,000 in relief provided to team members, residents, and local charities.
- Company to present at Bank of America Gaming & Lodging Conference on Sept. 7.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674168/000119312523228625/0001193125-23-228625-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674168/000119312523228625/d514535d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-228625

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