Recently Mike Flaskey, CEO of Diamond Resorts, released the following information. Here is a link to the official article and video.
Dear Members and Owners,
Thank you for your continued trust and loyalty in Diamond Resorts. We strive to provide you with world-class destinations, unforgettable experiences and superior service — helping you to reconnect with what matters most.
With that in mind, I am thrilled to announce an exciting new chapter for Diamond Resorts that we expect will provide you with even more options and flexibility for your vacation ownership. Diamond Resorts and Hilton Grand Vacations (“HGV”) have signed an agreement to join together as one company, with HGV as the acquirer. This combination will bring together the iconic Hilton Grand Vacations brand with the scale and unique culture of Diamond Resorts to create a new global standard of vacation ownership hospitality.
Leading the Industry: More Options in More Destinations = More Memories
Together, the combined company will become one of the largest global timeshare networks, spanning North America, Europe and Asia. The HGV network delivers exciting new resorts in dozens of sought-after beach, ski and city destinations, including New York, Charleston, Park City and Japan.
The Diamond Resorts & Hilton Grand Vacations Commitment
Our commitment to our members and owners is that your vacation experience remains our top priority. Together, we believe we will provide you with one of the broadest offerings available in the vacation ownership industry and achieve new heights of excellence.
As an existing Diamond member or owner, you will continue to have access to the same benefits you have come to enjoy, including: access to Diamond’s resort portfolio, the Destination Xchange® program, the expanded Diamond Dream Holiday selection and our exclusive Events of a Lifetime® series. Over time, we expect most of our Diamond-managed properties to be rebranded under a new HGV sub-brand, further elevating your vacation experience.
Keeping You Informed
The transaction is subject to customary closing conditions, and we expect it will take several months to complete. We are committed to being transparent with you throughout this exciting process. To keep you informed, we will endeavor to share important updates as they become available in the What’s New section of your Member Area. If you have any questions, your Member Services team is available to assist you at any time as always. We look forward to providing you regular updates on the status of this transaction.
The completion of this transaction will mark the beginning of a new era of exceptional travel experiences. We can’t wait for you to see the many new destinations and extraordinary experiences in store for you. As always, our owners and members are at the heart of what we do, and we are honored to celebrate starting this new chapter with you.
CEO, Diamond Resorts