Hilton Grand Vacations Completes Acquisition of Diamond Resorts

Hilton Grand Vacations has just announced that it has officially completed the much-anticipated acquisition of Diamond Resort International.

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Diamond Resorts Honored by American Business Awards For Providing 10,000 Free Room Nights to Medical Workers and First Responders

Diamond Resorts has recently been honored with several Stevie Awards as part of the 19th Annual American Business Awards. These awards recognize the accomplishments of America’s businesses and nonprofits. Diamond Resorts received awards that recognized the company for its responses to the COVID-19 pandemic, the Diamond Resorts Tournament of Champions, and the leadership of Diamond Resorts CEO Mike Flaskey.

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Diamond Resorts Uses Google Cloud Tools to Predict Travel Trends During Pandemic

Diamond Resorts has been utilizing tools offered by Google Cloud as part of a company-wide digital transformation. Specifically, Diamond Resorts is using Looker and BigQuery technology to accurately predict the travel demand, monitor occupancy rates, track revenue, and reduce expenses during the global pandemic. Utilizing these tools, the company has been able to optimize the reopening plan for all their properties while meeting the demands of the constantly-changing industry conditions.

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Hilton Grand Vacations to Acquire Diamond Resorts

Hilton Grand Vacations (HGV) has just announced the company’s agreement to acquire Diamond Resorts International from funds managed by affiliates of Apollo Global Management Group (Apollo Funds), Reverence Capital Partners, and other Diamond stockholders. This acquisition is a stock-based transaction valued at approximately $1.4 billion and is expected to close in the summer of 2021. [Read more…]