Skip to content
Subscriber Only
Markets
Deals

Apollo Offers About $40 Per Share for Hilton Grand

A Hilton Grand Vacations Club hotel stands in Las Vegas.

A Hilton Grand Vacations Club hotel stands in Las Vegas.

Photographer: David Paul Morris/Bloomberg

Updated on

Apollo Global Management Inc. made a first-round offer for Hilton Grand Vacations Inc. valuing the timeshare resort operator at about $40 per share, according to people familiar with the matter.

The Blackstone Group Inc. also bid for the Orlando, Florida-based company, said the people who asked to not be identified because the matter isn’t public.