Hilton, Blackstone Grab 1,201-Key Vegas Resort

July 24, 2017

Hilton Grand Vacations, in a partnership with affiliates of Blackstone Real Estate Partners VIII, acquired The Elara, a Hilton Grand Vacations Club that is also one of the world’s largest timeshare resorts. HFV will assume a 25 percent stake in the joint venture for $40 million. In addition to its stake, the company will also continue to market, sell and manage The Elara under its existing fee-for-service agreements.

 

Source: Commercial Property Executive

 

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L‍auren George
Senior Manager, External Communications
Hilton Grand Vacations

P: 1-407-613-8431 
E: lauren.george@hgv.com

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