diamond resorts™
Diamond Resorts Acquires The Modern Honolulu
Diamond Resorts | April 19, 2018
LAS VEGAS, April 19, 2018 -- Diamond Resorts™, a global leader in the hospitality and vacation ownership industries, has closed on the acquisition of The Modern Honolulu, a boutique hotel in Honolulu, Hawaii. Rated a Forbes Travel Four-Star hotel, The Modern Honolulu adds to Diamond Resorts' collection of premier resorts, and is the company's first managed property on Oahu. The Modern Honolulu is typified by a modern Hawaiian vibe, ocean and marina views, multiple food and beverage offerings, a full-service spa and two swimming pools. In addition, guests have immediate access to Waikiki Beach, and world-class shopping and ...
Diamond Resorts International Appoints Matthew Avril as Chief Executive Officer
Diamond Resorts International | November 29, 2016
LAS VEGAS--November 29, 2016--Diamond Resorts International®, a global leader in the hospitality and vacation ownership industries, announces today that Matthew Avril will assume the role of Chief Executive Officer effective January 1, 2017. Avril will also join the Board of Directors of Diamond Resorts' parent company. With over 30 years of experience in executive leadership roles, principally in the hospitality and vacation ownership industries, Avril has held senior positions within Starwood Hotels and Resorts Worldwide, Inc. and at Starwood Vacation Ownership (and predecessor entities) dating back to 1989, including serving as P...
Diamond Resorts Intl. Enters into Definitive Merger Agreement with Affiliates of Apollo Global Management for $2.2 billion in Cash
Apollo | June 30, 2016
LAS VEGAS - June 30, 2016 - Diamond Resorts International, Inc. ("Diamond Resorts" or the "Company") (NYSE: DRII) today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with affiliates of certain funds (the "Apollo Funds") managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE: APO), pursuant to which the Apollo Funds will acquire Diamond Resorts for $30.25 per share or approximately $2.2 billion. The all-cash offer represents a premium of approximately 26% over Diamond Resorts' closing share price on June 28, 2016, and a premium of ...
Diamond Resorts International Acquires Gold Key Resorts for $167.5 million
Gold Key Resorts | August 17, 2015
LAS VEGAS--August 17, 2015--Diamond Resorts International, Inc. (NYSE:DRII), announced today that it has executed an agreement to purchase the vacation ownership business of Gold Key Resorts, which manages five vacation ownership resorts in Virginia Beach, VA and one in the Outer Banks, NC, for $167.5 million. "This is an exciting acquisition that provides us with a platform to expand into a new, complementary geography and owner base," said David Palmer, President and Chief Executive Officer, Diamond Resorts International. "We are purchasing a business with a history of a strong operating performance, and we believe that we can leverag...
