4 Firms Build Hilton Vacation Co.'s $1.4B Timeshare Biz Buy
By Sierra Jackson (March 10, 2021, 3:05 PM EST) -- Hilton Grand Vacations said Wednesday that it inked a $1.4 billion all-stock deal to purchase independent timeshare company Diamond Resorts, which is backed by investors including Apollo Global Management Inc. and Reverence Capital Partners.
Orlando-headquartered Hilton Grand Vacations Inc., or HGV, said in a statement that the purchase of Diamond Resorts International Inc. would create a business with 154 resorts and 720,000 owners. The deal comes as the hospitality and travel industries eye an increase in demand as coronavirus vaccinations roll out across the world.
HGV is working with Alston & Bird LLP, Simpson Thacher & Bartlett LLP and Foley &...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!