Hilton Grand Vacations has entered into a definitive agreement to acquire Diamond Resorts International, inc. the largest independent timeshare operator, in a stock-based transaction value of 1.4 billion, according to the news release. The combined company will have 720,000 owners and 154 resorts. The acquisition of Diamond Resorts International from Apollo Global Management Inc. also will expand and diversify Hilton Grand Vacation’s resort portfolio into more than 20 new markets. Diamond’s 92 leisure resorts and nearly 400,000 owners uniquely complement Hilton’s 62 upscale and luxury properties and more than 325,000 owners. “I’m excited to announce our transformational agreement to add Diamond Resorts to the Hilton...
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