Hilton Grand Vacations and Blackstone Form Joint Venture to Purchase Elara, One of the World’s Largest Timeshare Resorts

Acquisition expected to be accretive in 2017 to Total Adjusted EBITDA and EPS July 20, 2017 – Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV” or “the company”) announces the formation of a joint venture with affiliates of Blackstone Real Estate Partners VIII L.P., which purchased Elara, a Hilton Grand Vacations Club. With 1,201 units, Elara is one of…