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Media Coverage

Brief-Hilton Grand Vacations, Blackstone Form Joint Venture To Purchase Elara

L‍auren George

July 19 (Reuters) – Hilton Grand Vacations Inc.

  • Hilton Grand Vacations and Blackstone form joint venture to purchase Elara, one of the world’s largest timeshare resorts
  • Hilton Grand Vacations Inc – acquisition expected to be accretive in 2017 to total adjusted EBITDA and EPS
  • Hilton Grand Vacations Inc – deal for approximately $40 million
  • Hilton Grand Vacations Inc – transaction is expected to be funded by existing cash on hgv’s balance sheet
  • Hilton Grand Vacations – in addition to ownership stake, HGV will continue to market, sell and manage elara under existing fee-for-service agreements

Source: Reuters

 

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L‍auren George

Director, Corporate Communications
Hilton Grand Vacations
P: 1-407-613-8431 
E: lauren.george@hgv.com