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Related Party Transactions
6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]  
Related Party Transactions

Note 17: Related Party Transactions

 

BRE Ace LLC and 1776 Holding, LLC

 

We hold a 25 percent ownership interest in BRE Ace LLC, a VIE, which owns a timeshare resort property and related operations, commonly known as “Elara, by Hilton Grand Vacations.”

 

We hold a 50 percent ownership interest in 1776 Holding, LLC, a VIE, which will construct a timeshare resort property, known as “Liberty Place Charleston, by Hilton Club.”

We record Equity in earnings (losses) from our unconsolidated affiliates in our condensed consolidated statements of operations. See Note 10: Investments in Unconsolidated Affiliates for additional information. Additionally, we earn commissions and other fees related to fee-for-service agreements with the investees to sell VOIs at Elara, by Hilton Grand Vacations and Liberty Place Charleston, by Hilton Club.  These amounts are summarized in the following table and are included in our condensed consolidated statements of operations as of the date they became related parties.  

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

($ in millions)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Equity in earnings from unconsolidated affiliates

 

$

1

 

 

$

2

 

 

$

4

 

 

$

3

 

Commissions and other fees

 

 

4

 

 

 

32

 

 

 

27

 

 

 

68

 

 

We also have $2 million and $25 million of outstanding receivables related to the fee-for-service agreements as of June 30, 2020 and December 31, 2019, respectively.