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…

Hilton Grand Vacations Expands Urban Portfolio, Opens The District by Hilton Club in Washington

Largest timeshare in Washington, D.C., first for Hilton Grand Vacations May 24, 2017 – Hilton Grand Vacations Inc. (NYSE:HGV) announces the opening of The District by Hilton Club – the largest timeshare in Washington, D.C. Located on the top three floors of the Embassy Suites by Hilton Washington D.C. Georgetown, the 108-unit property is HGV’s first timeshare…

Hilton Board of Directors Approves Spin-off of Park Hotels & Resorts and Hilton Grand Vacations

Hilton Worldwide Holdings (NYSE: HLT) (“Hilton”) today announced that its Board of Directors has approved the distribution to its shareholders of all of the outstanding shares of Park Hotels & Resorts Inc. (“Park”), which will become the holder of a portfolio of hotels and resorts previously held by Hilton, and Hilton Grand Vacations Inc. (“HGV”),…