Diamond Resorts Invitational

Diamond Resorts to Be Bought by Apollo Global Management

Just reported this morning, Diamond Resorts International has agreed to be bought by private equity firm Apollo Global Management LLC for $2.2 billion dollars.

Apollo will pay $30.25 per share—a 26% premium over Diamond’s closing share price Tuesday. This offer is 58% more than Diamond Resorts’ closing share price on February 24th. At that time, the company had said they were exploring strategic alternatives for growth.

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Diamond Resorts Invitational

Diamond Resorts Raises $503,000 for Children’s Hospital

Diamond Resorts recently hosted their annual Champion’s Gala and auction at Mystic Dunes Resort & Golf Club in Celebration in January. This event raised $503,000 for Florida Hospital for Children and the check was presented to the hospital yesterday by Diamond Resorts International®.

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Diamond Resorts Invitational

Diamond Resorts Completes Intrawest Acquisition

Diamond Resorts announced yesterday the completion of its acquisition of Intrawest Resort Club Group from Intrawest Resort Holdings, Inc for $85 million—an agreement that began back in November. The transaction includes the management contracts with Club Intrawest, the current balance of notes receivable, approximately four acres of undeveloped land, and the current balance of points available for sale. [Read more…]

Diamond International Toys for Tots

Diamond Resorts International Gives Back This Holiday Season

‘Tis the season for feeling grateful for what you have and sharing with the less fortunate. At least that’s what Diamond Resorts International® believes. This holiday will mark the third year that Diamond Resorts has partnered with the U.S. Marine Corps Reserve Toys for Tots foundation. The goal of the foundation—according to their website—is to “deliver, through a new toy at Christmas, a message of hope to less fortunate youngsters that will assist them in becoming responsible, productive, patriotic citizens.” [Read more…]

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