Media Coverage Brief-Hilton Grand Vacations, Blackstone Form Joint Venture To Purchase Elara 7/19/2017 Lauren George Share 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 View full article as PDF