TOKYO – July 16, 2025 – Attorneys from global law firm Greenberg Traurig’s Tokyo office led a multinational team assisting Hilton Grand Vacations Inc. (HGV) in a ¥9.5 billion (approx. $65 million) securitization of timeshare loans through Hilton Grand Vacations Japan Trust 2025-1.
Greenberg Traurig, along with Alston and Bird LLP, represented HGV as issuer counsel. The team included Private Equity Shareholder Koichiro Ohashi, co-chair of the Japan Practice; Corporate Shareholder Makoto Koinuma; Real Estate Associate Yoshiyuki Ebe; and Corporate Senior Counsel Akihiro Wani in the Toyko office; plus, Finance Shareholder James Doyle in the Washington, D.C., office; Corporate Shareholder Mark I. Michigan in the Dallas and New York offices; and Real Estate Shareholder Jim Mace in the Las Vegas and Orlando offices.
In the transaction, one class of notes was issued by the trust, bearing a rating of “AAA” by Standard & Poor’s, and with a coupon rate of 1.41%. Proceeds, net of fees, will be used for general corporate purposes.
HGV has nearly 75,000 members in Japan and operates two world-class properties across the country: the Beach Resort Sesoko, which opened in 2021, and the Bay Forest Odawara, which opened in 2018. Another property, Tradimo Kyoto Gojo, is expected to be completed in 2026.
MUFG served as structuring lead manager and bookrunner on the transaction.