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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Westgate

$24 Million Dollar Construction Project Begins at Westgate Lakes Resort & Spa

Roger B. Kennedy Construction company officially began a $24 million dollar project at Westgate Lakes Resort & Spa in Orlando, Florida. The building to be constructed is Building 70—an eight-story, 80-unit timeshare building. Kennedy Construction has done $300 million worth of projects at Westgate Lakes Resort & Spa and Westgate Resort in Kissimmee to date.

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RiverWalk Resort At Loon Mountain Hosts Grand Opening

RiverWalk Resort At Loon Mountain will host a private grand opening today to commemorate the completion of this new property. Speakers at the event will touch on the positive influence this resort will have on the travel and tourism industry and the economy of New Hampshire. RiverWalk Resort At Loon Mountain first opened its doors on Friday June 17th to welcome guests and owners.

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RCI

RCI Gains 11 New Properties in China

Leading external exchange company, RCI, has recently added eleven new hotels in China to its vast network of affiliated properties. This was made possible through an affiliation agreement with Frontier Vacation Club, a part of Days Hotel China. With these new additions, RCI’s network now contains nearly 70 China properties.

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