Exhibit 99.3
UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION OF HGV AND BVH
On January 17, 2024 (the Merger Date), Hilton Grand Vacations Inc. (HGV) and Heat Merger Sub, Inc., an indirect
wholly-owned subsidiary of HGV (Merger Sub), completed the previously announced acquisition of Bluegreen Vacations Holding Corporation (BVH), pursuant to an Agreement and Plan of Merger (the Merger Agreement),
whereby, upon the terms and subject to the conditions set forth in the Merger Agreement and in accordance with applicable law, Merger Sub merged with and into BVH (the Merger), with BVH continuing as the surviving entity, and an indirect
wholly-owned subsidiary of HGV after the Merger. Each share of Class A common stock and Class B common stock of BVH issued and outstanding immediately prior to the effective time of the Merger (including shares subject to BVH restricted
stock awards outstanding at the effective time of the Merger) was canceled and converted into and exchanged for the right to receive $75.00 in cash.
In connection with the Merger, HGV, Hilton Grand Vacations Parent LLC, a Delaware limited liability company (Holdings), Hilton
Grand Vacations Borrower LLC, a Delaware limited liability company (the Borrower or Issuer), and certain subsidiaries of the Borrower (the Subsidiary Guarantors), entered into Amendment No. 4 to the Credit
Agreement (the Amendment), which amended the Credit Agreement, dated as of August 2, 2021, by and among the Company, Holdings, the Borrower, the guarantors from time to time party thereto, the lenders from time to time party thereto
and Bank of America, N.A., as administrative agent and collateral agent (the Credit Agreement), pursuant to which, among other things, the Borrower incurred $900.0 million of incremental term loans (the New Term Loans).
The New Term Loans bear interest, at the Borrowers option, at a rate equal to a margin (which (x) in the case of Base Rate (as
defined below) borrowings, is equal to 1.75% per annum and (y) in the case of Term SOFR (as defined below) borrowings, is equal to 2.75% per annum) over either (a) a base rate (the Base Rate) determined by reference to the
highest of (1) the administrative agents prime lending rate, (2) the federal funds effective rate plus 0.50% and (3) Term SOFR for a one-month interest period plus 1.00% or (b) a SOFR
rate (Term SOFR) determined by reference to the forward-looking term SOFR rate published by CME Group Benchmark Administration Limited for the interest period relevant to such borrowing. The New Term Loans mature on January 17,
2031; refer to Note 5.
Also in connection with the Merger, the Issuer, Hilton Grand Vacations Borrower Inc. (the Co-Issuer and, together with the Issuer, the Issuers), HGV, Holdings, the Subsidiary Guarantors (and, together with the Company and HGV Intermediate Parent, the Guarantors) and
Wilmington Trust, National Association, as trustee (the Trustee) and notes collateral agent (the Notes Collateral Agent), entered into an indenture (the Indenture) in connection with the issuance and sale of
$900 million aggregate principal amount of 6.625% senior secured notes due 2032 (the Notes) to Deutsche Bank Securities, Inc. and certain other initial purchasers (collectively, the Initial Purchasers); refer to Note 5.
The New Term Loans and the Notes are sometime referred to herein as the Financing.
The unaudited pro forma condensed combined
financial information combines HGV and BVH within the unaudited pro forma condensed combined statement of operations and the unaudited pro forma condensed combined balance sheet. The unaudited pro forma condensed combined statement of operations of
HGV and BVH for the year ended December 31, 2022 and the nine months ended September 30, 2023 combine the historical consolidated statements of operations of HGV and BVH, giving effect to the Merger, New Term Loans and Notes (collectively
the Transactions) as if they had been completed on January 1, 2022. The unaudited pro forma condensed combined balance sheet as of September 30, 2023, combines the historical consolidated balance sheets of HGV and BVH, giving
effect to the Transactions as if they had been completed on September 30, 2023.
The unaudited pro forma adjustments are based upon
currently available information, estimates and assumptions that HGVs management believes are reasonable as of the date hereof. The unaudited pro forma condensed combined financial information should be read in conjunction with the accompanying
notes. The unaudited pro forma condensed combined financial information is for informational purposes only, is not intended to represent or to be indicative of actual results of operations or financial position of HGV or BVH had the Transactions
been completed on the dates assumed, and should not be taken as indicative of future consolidated results of operations or financial position. The actual results may differ significantly from those reflected in the unaudited pro forma condensed
combined statement of operations for a number of reasons, including, but not limited to, differences between the assumptions used to prepare the unaudited pro forma statements of operations and actual amounts.