# EDGAR Filing Document

**Accession Number:** 0001674168
**File Stem:** 0001213900-23-018793
**Filing Date:** 2023-3
**Character Count:** 30852
**Document Hash:** bb1f7676c58d62f4321a9e12fde61792
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-018793.hdr.sgml**: 20230309

**ACCESSION NUMBER**: 0001213900-23-018793

**CONFORMED SUBMISSION TYPE**: SC 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230309

**DATE AS OF CHANGE**: 20230309

**GROUP MEMBERS**: JEREMY STEVEN KAHAN

**GROUP MEMBERS**: MICHAEL KEVIN KAHAN

**GROUP MEMBERS**: NORTH PEAK CAPITAL ALPHA FUND, LP

**GROUP MEMBERS**: NORTH PEAK CAPITAL GP, LLC

**GROUP MEMBERS**: NORTH PEAK CAPITAL PARTNERS II, LP

**GROUP MEMBERS**: NORTH PEAK CAPITAL PARTNERS, LP

**GROUP MEMBERS**: NORTH PEAK CAPITAL ULTRA FUND, LP

**GROUP MEMBERS**: NORTH PEAK SPECIAL OPPORTUNITY PARTNERS II, LLC

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hilton Grand Vacations Inc.
- **CENTRAL INDEX KEY:** 0001674168
- **STANDARD INDUSTRIAL CLASSIFICATION:** HOTELS, ROOMING HOUSE, CAMPS & OTHER LODGING PLACES [7000]
- **IRS NUMBER:** 812545345
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-89752
- **FILM NUMBER:** 23718960

**BUSINESS ADDRESS:**
- **STREET 1:** 6355 METROWEST BOULEVARD, SUITE 180
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32835
- **BUSINESS PHONE:** 407-722-3100

**MAIL ADDRESS:**
- **STREET 1:** 6355 METROWEST BOULEVARD, SUITE 180
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32835
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** North Peak Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001747888
- **IRS NUMBER:** 474443582
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 405 LEXINGTON AVENUE
- **STREET 2:** SUITE 5001
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10174
- **BUSINESS PHONE:** 212-209-3904

**MAIL ADDRESS:**
- **STREET 1:** 405 LEXINGTON AVENUE
- **STREET 2:** SUITE 5001
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10174

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**SCHEDULE 13G**

**Under the Securities Exchange Act of 1934** 

**(Amendment No.)\***

**Hilton Grand Vacations Inc.**

(Name of Issuer)

**Common Stock, par value $0.01 per share** 

(Title of Class of Securities)

**43283X105** 

(CUSIP Number)

**March 1, 2023**

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule
13d-1(c)

☐ Rule 13d-1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended ("***Act***") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications:

Ricardo Davidovich, Esq.<br> Haynes and Boone, LLP

30 Rockefeller Plaza<br> 26th Floor

New York, NY 10112<br> (212) 835-4837

CUSIP No. 43283X105 <br>

1. Names of Reporting Persons. **North Peak Capital Management, LLC** 

2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐

3. SEC Use Only

4. Citizenship or Place of Organization **Delaware** 

---

| | | |
|:---|:---|:---|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 5. | Sole Voting Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 6. | Shared Voting Power<br>**5,153,993 (1)**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 7. | Sole Dispositive Power<br>**716,580**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 8. | Shared Dispositive Power<br>**5,153,993 (1)**<br>|

---

9. Aggregate Amount Beneficially Owned by Each Reporting Person **5,870,573 (1)** 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 (See Instructions) ☐

11. Percent of Class Represented by Amount in Row (9) **5.2% (2)** 

12. Type of Reporting Person (See Instructions) **OO, IA** 

(1) Includes
(1) 343,506 shares of Common Stock held directly by North Peak Capital Partners, LP, (2) 3,212,387 shares of Common Stock held directly
by North Peak Capital Partners II, LP, (3) 1,090,356 shares of Common Stock held directly by North Peak Special Opportunity Partners
II, LLC, (4) 490,504 shares of Common Stock held directly by North Peak Capital Alpha Fund, LP and (5) 17,240 shares of Common Stock
held directly by North Peak Capital Ultra Fund, LP.

(2) Based
upon 112,178,836 shares of Common Stock outstanding as of February 24, 2023, as disclosed in the Issuer's Annual Report on Form
10-K for the fiscal year ended December 31, 2022, that was filed by the Issuer with the U.S. Securities and Exchange Commission on March
1, 2023.

CUSIP No. 43283X105 <br>

1. Names of Reporting Persons. **North Peak Capital GP, LLC** 

2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐

3. SEC Use Only

4. Citizenship or Place of Organization **Delaware** 

---

| | | |
|:---|:---|:---|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 5. | Sole Voting Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 6. | Shared Voting Power<br>**5,153,993 (1)**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 7. | Sole Dispositive Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 8. | Shared Dispositive Power<br>**5,153,993 (1)**<br>|

---

9. Aggregate Amount Beneficially Owned by Each Reporting Person **5,153,993 (1)** 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 (See Instructions) ☐

11. Percent of Class Represented by Amount in Row (9) **4.6% (2)** 

12. Type of Reporting Person (See Instructions) **OO** 

(1) Includes
(1) 343,506 shares of Common Stock held directly by North Peak Capital Partners, LP, (2) 3,212,387 shares of Common Stock held directly
by North Peak Capital Partners II, LP, (3) 1,090,356 shares of Common Stock held directly by North Peak Special Opportunity Partners
II, LLC, (4) 490,504 shares of Common Stock held directly by North Peak Capital Alpha Fund, LP and (5) 17,240 shares of Common Stock
held directly by North Peak Capital Ultra Fund, LP.

(2) Based
upon 112,178,836 shares of Common Stock outstanding as of February 24, 2023, as disclosed in the Issuer's Annual Report on Form
10-K for the fiscal year ended December 31, 2022, that was filed by the Issuer with the U.S. Securities and Exchange Commission on March
1, 2023.

CUSIP No. 43283X105 <br>

1. Names of Reporting Persons. **North Peak Capital Partners, LP** 

2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐

3. SEC Use Only

4. Citizenship or Place of Organization **Delaware** 

---

| | | |
|:---|:---|:---|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 5. | Sole Voting Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 6. | Shared Voting Power<br>**343,506**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 7. | Sole Dispositive Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 8. | Shared Dispositive Power<br>**343,506**<br>|

---

9. Aggregate Amount Beneficially Owned by Each Reporting Person **343,506** 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 (See Instructions) ☐

11. Percent of Class Represented by Amount in Row (9) **0.3% (1)** 

12. Type of Reporting Person (See Instructions) **PN** 

(1) Based
upon 112,178,836 shares of Common Stock outstanding as of February 24, 2023, as disclosed in the Issuer's Annual Report on Form
10-K for the fiscal year ended December 31, 2022, that was filed by the Issuer with the U.S. Securities and Exchange Commission on March
1, 2023.

CUSIP No. 43283X105 <br>

1. Names of Reporting Persons. **North Peak Capital Partners II, LP** 

2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐

3. SEC Use Only

4. Citizenship or Place of Organization **Delaware** 

---

| | | |
|:---|:---|:---|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 5. | Sole Voting Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 6. | Shared Voting Power<br>**3,212,387**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 7. | Sole Dispositive Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 8. | Shared Dispositive Power<br>**3,212,387**<br>|

---

9. Aggregate Amount Beneficially Owned by Each Reporting Person **3,212,387** 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 (See Instructions) ☐

11. Percent of Class Represented by Amount in Row (9) **2.9% (1)** 

12. Type of Reporting Person (See Instructions) **PN** 

(1) Based
upon 112,178,836 shares of Common Stock outstanding as of February 24, 2023, as disclosed in the Issuer's Annual Report on Form
10-K for the fiscal year ended December 31, 2022, that was filed by the Issuer with the U.S. Securities and Exchange Commission on March
1, 2023.

CUSIP No. 43283X105 <br>

1. Names of Reporting Persons. **North Peak Special Opportunity Partners II, LLC** 

2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐

3. SEC Use Only

4. Citizenship or Place of Organization **Delaware** 

---

| | | |
|:---|:---|:---|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 5. | Sole Voting Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 6. | Shared Voting Power<br>**1,090,356**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 7. | Sole Dispositive Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 8. | Shared Dispositive Power<br>**1,090,356**<br>|

---

9. Aggregate Amount Beneficially Owned by Each Reporting Person **1,090,356** 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 (See Instructions) ☐

11. Percent of Class Represented by Amount in Row (9) **1.0% (1)** 

12. Type of Reporting Person (See Instructions) **PN** 

(1) Based
upon 112,178,836 shares of Common Stock outstanding as of February 24, 2023, as disclosed in the Issuer's Annual Report on Form
10-K for the fiscal year ended December 31, 2022, that was filed by the Issuer with the U.S. Securities and Exchange Commission on March
1, 2023.

CUSIP No. 43283X105 <br>

1. Names of Reporting Persons. **North Peak Capital Alpha Fund, LP** 

2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐

3. SEC Use Only

4. Citizenship or Place of Organization **Delaware** 

---

| | | |
|:---|:---|:---|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 5. | Sole Voting Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 6. | Shared Voting Power<br>**490,504** <br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 7. | Sole Dispositive Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 8. | Shared Dispositive Power<br>**490,504** <br>|

---

9. Aggregate Amount Beneficially Owned by Each Reporting Person **490,504** 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 (See Instructions) ☐

11. Percent of Class Represented by Amount in Row (9) **0.4% (1)** 

12. Type of Reporting Person (See Instructions) **PN** 

(1) Based
 upon 112,178,836 shares of Common Stock outstanding as of February 24, 2023, as disclosed
 in the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2022,
 that was filed by the Issuer with the U.S. Securities and Exchange Commission on March 1,
 2023.

CUSIP No. 43283X105 <br>

1. Names of Reporting Persons. **North Peak Capital Ultra Fund, LP** 

2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐

3. SEC Use Only

4. Citizenship or Place of Organization **Delaware** 

---

| | | |
|:---|:---|:---|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 5. | Sole Voting Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 6. | Shared Voting Power<br>**17,240** <br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 7. | Sole Dispositive Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 8. | Shared Dispositive Power<br>**17,240** <br>|

---

9. Aggregate Amount Beneficially Owned by Each Reporting Person **17,240** 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 (See Instructions) ☐

11. Percent of Class Represented by Amount in Row (9) **Less than 0.1% (1)** 

12. Type of Reporting Person (See Instructions) **PN** 

(1) Based
 upon 112,178,836 shares of Common Stock outstanding as of February 24, 2023, as disclosed
 in the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2022,
 that was filed by the Issuer with the U.S. Securities and Exchange Commission on March 1,
 2023.

CUSIP No. 43283X105 <br>

1. Names of Reporting Persons. **Michael Kevin Kahan** 

2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐

3. SEC Use Only

4. Citizenship or Place of Organization **United States** 

---

| | | |
|:---|:---|:---|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 5. | Sole Voting Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 6. | Shared Voting Power<br>**5,153,993 (1)**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 7. | Sole Dispositive Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 8. | Shared Dispositive Power<br>**5,153,993 (1)**<br>|

---

9. Aggregate Amount Beneficially Owned by Each Reporting Person **5,153,993 (1)** 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 (See Instructions) ☐

11. Percent of Class Represented by Amount in Row (9) **4.6% (2)** 

12. Type of Reporting Person (See Instructions) **IN, HC** 

(1) Includes
 (1) 343,506 shares of Common Stock held directly by North Peak Capital Partners, LP, (2)
 3,212,387 shares of Common Stock held directly by North Peak Capital Partners II, LP, (3)
 1,090,356 shares of Common Stock held directly by North Peak Special Opportunity Partners
 II, LLC, (4) 490,504 shares of Common Stock held directly by North Peak Capital Alpha Fund,
 LP and (5) 17,240 shares of Common Stock held directly by North Peak Capital Ultra Fund,
 LP.

(2) Based
 upon 112,178,836 shares of Common Stock outstanding as of February 24, 2023, as disclosed
 in the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2022,
 that was filed by the Issuer with the U.S. Securities and Exchange Commission on March 1,
 2023.

CUSIP No. 43283X105 <br>

1. Names of Reporting Persons. **Jeremy Steven Kahan** 

2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐

3. SEC Use Only

4. Citizenship or Place of Organization **United States** 

---

| | | |
|:---|:---|:---|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 5. | Sole Voting Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 6. | Shared Voting Power<br>**5,153,993 (1)**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 7. | Sole Dispositive Power<br>**0**<br>|
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With: | 8. | Shared Dispositive Power<br>**5,153,993 (1)**<br>|

---

9. Aggregate Amount Beneficially Owned by Each Reporting Person **5,153,993 (1)** 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 (See Instructions) ☐

11. Percent of Class Represented by Amount in Row (9) **4.6% (2)** 

12. Type of Reporting Person (See Instructions) **IN, HC** 

(1) Includes
 (1) 343,506 shares of Common Stock held directly by North Peak Capital Partners, LP, (2)
 3,212,387 shares of Common Stock held directly by North Peak Capital Partners II, LP, (3)
 1,090,356 shares of Common Stock held directly by North Peak Special Opportunity Partners
 II, LLC, (4) 490,504 shares of Common Stock held directly by North Peak Capital Alpha Fund,
 LP and (5) 17,240 shares of Common Stock held directly by North Peak Capital Ultra Fund,
 LP.

(2) Based
 upon 112,178,836 shares of Common Stock outstanding as of February 24, 2023, as disclosed
 in the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2022,
 that was filed by the Issuer with the U.S. Securities and Exchange Commission on March 1,
 2023.

**Item 1.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) Name of Issuer**

Hilton Grand Vacations Inc. (the "***Issuer***")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Address of Issuer's Principal Executive Offices**

6355 Metrowest Boulevard, Suite 180

Orlando, FL 32835

**Item 2.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) Name of Person Filing**

This statement is jointly filed by and on behalf of each of North Peak Capital Management, LLC, a Delaware limited liability company ("***North Peak Management***"), North Peak Capital GP, LLC, a Delaware limited liability company ("***North Peak GP***"), North Peak Capital Partners, LP, a Delaware limited partnership ("***Fund I***"), North Peak Capital Partners II, LP, a Delaware limited partnership ("***Fund II***"), North Peak Special Opportunity Partners II, LLC, a Delaware limited liability company ("***NPSOP II***"), North Peak Capital Alpha Fund, LP, a Delaware limited partnership ("***Alpha Fund***"), North Peak Capital Ultra Fund, LP, a Delaware limited partnership ("***Ultra Fund***"), Jeremy S. Kahan and Michael K. Kahan (each, a "***Reporting Person***" and collectively, the "***Reporting Persons***"). North Peak Management is the investment manager of, and may be deemed to indirectly beneficially own securities owned by, each of Fund I, Fund II, NPSOP II, Alpha Fund and Ultra Fund. North Peak Management is investment adviser to a separately managed account of an advisory client and may be deemed to beneficially own securities directly in such separately managed account, but North Peak Management does not have any voting authority with respect to any securities in such separately managed account. North Peak GP is the general partner of, and may be deemed to indirectly beneficially own securities owned by, each of Fund I, Fund II, NPSOP II, Alpha Fund and Ultra Fund. Messrs. Kahan are the co-managers of, and each may be deemed to indirectly beneficially own securities beneficially owned by, each of North Peak Management and North Peak GP. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock held directly by the other Reporting Persons.

Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such Reporting Person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.

Each Reporting Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such Reporting Person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Address of Principal Business Office or, if none, Residence**

The address of the principal business office of each of the Reporting Persons is c/o North Peak Capital Management, LLC, 405 Lexington Avenue, Suite 5001, New York, NY 10174.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) Citizenship** 

See Item 4 on the cover page(s) hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Title of Class of Securities** 

Common Stock, par value $0.01 per share ("***Common Stock***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e) CUSIP Number** 

43283X105

**Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is:**

&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ A broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);

(b) ☐ A bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);

(c) ☐ An insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);

(d) ☐ An investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e) ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f) ☐ An employee benefit plan or endowment fund in accordance with §240.13d- 1(b)(1)(ii)(F);

(g) ☐ A parent holding company or control person in accordance with §240.13d- 1(b)(1)(ii)(G);

(h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) ☐ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) ☐ A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);

(k) ☐ A group, in accordance with §240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: _______________

**Item 4.** **Ownership**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) Amount beneficially owned:** See Item 9 on the cover page(s) hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Percent of class:** See Item 11 on the cover page(s) hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) Number of shares as to which such person has:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i) Sole power to vote or to direct the vote:** See Item 5 on the cover page(s) hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii) Shared power to vote or to direct the vote:** See Item 6 on the cover page(s) hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iii) Sole power to dispose or to direct the disposition of:** See Item 7 on the cover page(s) hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iv) Shared power to dispose or to direct the disposition of:** See Item 8 on the cover page(s) hereto.

**Item 5.** **Ownership of 5% or Less of a Class**

If this statement is being filed to report the fact that as of the date hereof the Reporting Person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

**Item 6.** **Ownership of More than 5% on Behalf of Another Person**

Not Applicable.

**Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person**

Not Applicable.

**Item 8.** **Identification and Classification of Members of the Group**

Not Applicable.

**Item 9.** **Notice of Dissolution of Group**

Not Applicable.

**Item 10.** **Certifications**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect other than activities solely in connection with a nomination under § 240.14a-11.

**SIGNATURE**

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | | |
|:---|:---|:---|
| Date: March 9, 2023 | **North Peak Capital Management, LLC** | **North Peak Capital Management, LLC** |
|  | By: | /s/ Jeremy Kahan |
|  | Name: | Jeremy Kahan |
|  | Title: | Managing Member |
|  | **North Peak Capital gp, LLC** | **North Peak Capital gp, LLC** |
|  | By: | /s/ Jeremy Kahan |
|  | Name: | Jeremy Kahan |
|  | Title: | Manager |
|  | **NORTH PEAK CAPITAL PARTNERS, LP** | **NORTH PEAK CAPITAL PARTNERS, LP** |
|  | By: | North Peak Capital GP, LLC |
|  | Its: | General Partner |
|  | By: | /s/ Jeremy Kahan |
|  | Name: | Jeremy Kahan |
|  | Title: | Manager |
|  | **NORTH PEAK CAPITAL PARTNERS II, LP** | **NORTH PEAK CAPITAL PARTNERS II, LP** |
|  | By: | North Peak Capital GP, LLC |
|  | Its: | General Partner |
|  | By: | /s/ Jeremy Kahan |
|  | Name: | Jeremy Kahan |
|  | Title: | Manager |
|  | **NORTH PEAK SPECIAL OPPORTUNITY** | **NORTH PEAK SPECIAL OPPORTUNITY** |
|  | **PARTNERS II, LLC** | **PARTNERS II, LLC** |
|  | By: | North Peak Capital GP, LLC |
|  | Its: | Managing Member |
|  | By: | /s/ Jeremy Kahan |
|  | Name: | Jeremy Kahan |
|  | Title: | Manager |
|  | **North Peak Capital Alpha Fund, LP** | **North Peak Capital Alpha Fund, LP** |
|  | By: | North Peak Capital GP, LLC |
|  | Its: | General Partner |
|  | By: | /s/ Jeremy Kahan |
|  | Name: | Jeremy Kahan |
|  | Title: | Manager |
|  | **North Peak Capital Ultra Fund, LP** | **North Peak Capital Ultra Fund, LP** |
|  | By: | North Peak Capital GP, LLC |
|  | Its: | General Partner |
|  | By: | /s/ Jeremy Kahan |
|  | Name: | Jeremy Kahan |
|  | Title: | Manager |
|  | **JEREMY KAHAN** | **JEREMY KAHAN** |
|  | /s/ Jeremy Kahan | /s/ Jeremy Kahan |
|  | **MICHAEL KAHAN** | **MICHAEL KAHAN** |
|  | /s/ Michael Kahan | /s/ Michael Kahan |

---

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit** <br>| **Description of Exhibit** |
| **99.1** | [Joint Filing Agreement (filed herewith).](ea174914ex99-1_hilton.htm)<br>|

---

## Exhibit 99.1

**EXHIBIT 99.1**

**JOINT FILING AGREEMENT** 

**March 9, 2023**

Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the "***Exchange Act***"), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing, and/or incorporation by reference of this agreement as an exhibit thereto. This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.

IN WITNESS WHEREOF, each party hereto, being duly authorized, has caused this agreement to be executed and effective as of the date first written above.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date: March 9, 2023 | **North Peak Capital Management, LLC** | **North Peak Capital Management, LLC** |
|  | By: | /s/ Jeremy Kahan |
|  | Name: | Jeremy Kahan |
|  | Title: | Managing Member |
|  | **North Peak Capital gp, LLC** | **North Peak Capital gp, LLC** |
|  | By: | /s/ Jeremy Kahan |
|  | Name: | Jeremy Kahan |
|  | Title: | Manager |
|  | **NORTH PEAK CAPITAL PARTNERS, LP** | **NORTH PEAK CAPITAL PARTNERS, LP** |
|  | By: | North Peak Capital GP, LLC |
|  | Its: | General Partner |
|  | By: | /s/ Jeremy Kahan |
|  | Name: | Jeremy Kahan |
|  | Title: | Manager |
|  | **NORTH PEAK CAPITAL PARTNERS II, LP** | **NORTH PEAK CAPITAL PARTNERS II, LP** |
|  | By: | North Peak Capital GP, LLC |
|  | Its: | General Partner |
|  | By: | /s/ Jeremy Kahan |
|  | Name: | Jeremy Kahan |
|  | Title: | Manager |
|  | **NORTH PEAK SPECIAL OPPORTUNITY** | **NORTH PEAK SPECIAL OPPORTUNITY** |
|  | **PARTNERS II, LLC** | **PARTNERS II, LLC** |
|  | By: | North Peak Capital GP, LLC |
|  | Its: | Managing Member |
|  | By: | /s/ Jeremy Kahan |
|  | Name: | Jeremy Kahan |
|  | Title: | Manager |

---

---

| | |
|:---|:---|
| **North Peak Capital Alpha Fund, LP** | **North Peak Capital Alpha Fund, LP** |
| By: | North Peak Capital GP, LLC |
| Its: | General Partner |
| By: | /s/ Jeremy Kahan |
| Name: | Jeremy Kahan |
| Title: | Manager |
| **North Peak Capital Ultra Fund, LP** | **North Peak Capital Ultra Fund, LP** |
| By: | North Peak Capital GP, LLC |
| Its: | General Partner |
| By: | /s/ Jeremy Kahan |
| Name: | Jeremy Kahan |
| Title: | Manager |
| **JEREMY KAHAN** | **JEREMY KAHAN** |
| /s/ Jeremy Kahan | /s/ Jeremy Kahan |
| **MICHAEL KAHAN** | **MICHAEL KAHAN** |
| /s/ Michael Kahan | /s/ Michael Kahan |

---