Mark Wang: Yes. We believe when the members at Bluegreen understand that they’re being acquired by Hilton that they’re going to be very excited about what that means for them and what that means for their club going forward. When you think about Hilton is just such an iconic lodging brand. And Bluegreen has done a great job taking care of their customers, building loyalty within their brand. But when you think about the opportunity to be able to improve your value proposition and this kind of goes back to the revenue synergy question. Part of the reason we think there’s going to be good revenue synergies on the owner side, is the ability to move across 200 properties versus 50 properties and the ability to move into the Hilton ecosystem and utilize those properties, those are powerful, right?
And then you put on top of that the Ultimate Access program. And those are really compelling for them. And the other thing I would say Brandt, is Bluegreen is actually simpler business model than Diamond was. And I say that because Bluegreen has one trust and Diamond had like 7 trusts. And so there’s a lot more complexity. And the reason Diamond had so many more trust product is because Diamond’s strategy was acquisition of various companies, right? So it was M&A and tuck-in and Bluegreen has been 100% organic from day 1. They weren’t acquiring any other companies. So in a way, we’re — the company is much — I wouldn’t say cleaner it just it’s a lot simpler. And it’s a lot more in tuned away HGV was born with 1 club at one point starting forward.
It’s just going to be a lot simpler for us to connect this all together.
Operator: Our next question is a follow-up the from the line of Chris Woronka with Deutsche Bank.
Chris Woronka: Just a quick follow-up and I apologize if I may have missed it but is it possible to know kind of what percentage of Bluegreen owners today are already Hilton Honors members and maybe how that compares to what percentage of Diamond members were Honors members at the time of that announcement or acquisition?
Mark Wang: No, don’t — we don’t have that information in front of us and we haven’t — we really haven’t looked into that. So — but there’s obviously going to be some crossover. When you have — when Hilton has 173 million members out there. And as you know, people are, typically are members of various hospitality loyalty programs. But our goal though is going to be getting all of those Bluegreen members to be built in on our members going forward.
Operator: Thank you. Before we end, I will turn the call back over to Mr. Mark Wang for any closing remarks.
Mark Wang: Thank you. I want to reiterate how excited I am about the opportunity in front of us and my confidence in our strategy, I want to also thank Alan Levan, Ray Lopez and his entire leadership team. I also want to thank the Bluegreen team and we look forward to working with you. I’d also say thank you to Johnny Morris and the entire Bass Pro shops for their warm welcome. We look forward to an exciting future working with these great organizations. And thanks, everyone, for joining us this morning.
Operator: This will conclude today’s conference. Thank you for your participation. You may now disconnect your lines at this time.
