Is Luxury Diamond Resorts real?
Diamond Resorts is a timeshare company headquartered in Las Vegas, Nevada, with regional offices in Orlando, Florida and Lancaster, United Kingdom. The company has a network of more than 379 vacation destinations in 35 countries around the world and sells vacation ownership points.
How much does it cost to be a diamond resort Member?
Customers can expect to pay about $26,000 for a VOI for one week a year and about $1,460 in annual maintenance fees. And a VOI is a so-called perpetual use product with a lifetime contract that’s difficult for a member to be extricated from — and there’s no resale market that he or she could tap for cash.
Who bought Diamond Resorts International?
Hilton Grand Vacations Inc.
(Aug. 2, 2021) – Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or the “Company”) announced today that it has completed the previously announced acquisition of Diamond Resorts International, Inc. (“Diamond”) from funds managed by affiliates of Apollo Global Management, Inc.
Does Marriott Own Diamond Resorts?
Sunwing Travel Group announces mutual agreement with Marriott International. As part of the agreement, 19 of Blue Diamond Resorts’ properties will become part of Marriott International’s prestigious Autograph Collection by mid-2021.
What is Voi in timeshare?
VOI means a fee simple or leasehold ownership interest in a condominium unit or an entire timeshare resort developed or acquired by the Company or a subsidiary of the Company, coupled with the right to use and occupy one or more residential accommodations at such timeshare resort in accordance with the terms.
Is Diamond resorts owned by Hilton?
Hilton Grand Vacations has completed the previously announced acquisition of Diamond Resorts International, creating the largest upper upscale and luxury timeshare operator in a stock-based transaction with an equity value of approximately $1.4 billion, according to a press release from Hilton Grand Vacations.
Did Wyndham buy diamond?
Image owned by Hilton Grand Vacations. It’s been a major year for timeshare. First, Wyndham Destinations purchased (and rebranded itself as) iconic travel brand Travel + Leisure for $100 million. Now, Hilton Grand Vacations has purchased Diamond Resorts from Apollo Global Management for $1.4 billion.