Diamond Resorts: Hawaii time-share resorts included in Hilton Grand Vacations-Diamond Resorts deal
Hilton Grand Vacations (NYSE: HGV) said the acquisition of Diamond Resorts - from funds managed by affiliates of Apollo Global Management Inc. (NYSE: APO), affiliates of Reverence Capital Partners and other Diamond stockholders - has an equity value of approximately $1.4 billion.
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Diamond Resorts owns, operates and manages 92 vacation ownership resorts that offers accommodations, dining, spa and hospitality services.
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