New Hyatt Ziva Resort Is Anticipated to Open in 2021

Hyatt Hotels Corporation (Hyatt) and Playa Hotels & Resorts have announced the anticipated opening of their newest property, Hyatt Ziva Riviera Cancun, to open sometime in 2021. This family-friendly resort will be the newest addition to the award-winning Hyatt Ziva brand which is focused on providing incredible, all-inclusive vacations to travelers. [Read more…]

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…]

Hilton Grand Vacations Expands Portfolio With First Mexico Timeshare Resort

Hilton Grand Vacations (HGV) has opened its first timeshare resort property in Mexico, La Pacifica Los Cabos by Hilton Club. Situated in one of Mexico’s most popular destinations, Los Cabos, the property began accepting offers on the 74 units available and are now ready to welcome owners and guests to enjoy all of its offerings. [Read more…]

Welk Resorts Confirms Pending Acquisition of the Brand by Marriott Vacations Worldwide

After 57 years, family-owned Welk Hospitality Group has agreed to an approximated $430-million acquisition offer from Marriott Vacations Worldwide (MVW.) This offer includes the sale of Welk Resorts’ portfolio of resort properties, vacation ownership programs, and property management contracts, as well as 1.4 million Marriott Vacations Worldwide shares. The deal has an anticipated closing sometime early in the second quarter of 2021. [Read more…]

123...689