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Thread: Big Takeover Announcement?

  1. #1

    Big Takeover Announcement?

    So, over a Spring Break stay at SLBI, we attended an owners update. The rep stated that within a week or so we should hear of a big announcement which will "make the Sunterra buyout look like nothing." Anyone know what he was referring to or whether I somehow missed the big announcement during the past two weeks?
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  2. #2

    Really?

    This is interesting? We may be getting some more options?

  3. #3
    yes I think that was 1 of the selling points (no pun intended), that we will have more options for places to go.
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  4. #4
    Yesterday Sunterra, today another big takeover...

    TOMORROW THE WORLD !!!! Mmoowhaaa ha haa haa! (Boris Karloff/mad scientist laugh )

    It looks the big evil DRI is moving one step closer to the world domination so many seem to fear.

    As a Diamond member, I can't wait to see what new properties will be added.

  5. #5
    Quote Originally Posted by singlemalt_18 View Post
    Yesterday Sunterra, today another big takeover...

    TOMORROW THE WORLD !!!! Mmoowhaaa ha haa haa! (Boris Karloff/mad scientist laugh )

    It looks the big evil DRI is moving one step closer to the world domination so many seem to fear.

    As a Diamond member, I can't wait to see what new properties will be added.
    As a non-Diamond member, I can't wait to see how much your fees are increased.

  6. #6
    Quote Originally Posted by singlemalt_18 View Post
    Yesterday Sunterra, today another big takeover...

    TOMORROW THE WORLD !!!! Mmoowhaaa ha haa haa! (Boris Karloff/mad scientist laugh )

    It looks the big evil DRI is moving one step closer to the world domination so many seem to fear.

    As a Diamond member, I can't wait to see what new properties will be added.
    I keep wonder, WHAT buyout could be bigger than Sunterra? The way I understand, Sunterra (property-wise) was pretty big. I mean, is it Marriott? Hyatt? Wyndham Worldmark?
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  7. #7
    They have been after Bluegreen for some time.... Maybe?

  8. #8
    Quote Originally Posted by winger View Post
    I keep wonder, WHAT buyout could be bigger than Sunterra? The way I understand, Sunterra (property-wise) was pretty big. I mean, is it Marriott? Hyatt? Wyndham Worldmark?
    Does anyone know what the size of the Sunterra acquisition actually was? It was in or near bankruptcy so it was probably at a discount to book.

    I would not expect it to be Marriot - too much family history and pride. I think they also have many members upset with their recent attempt in moving to points... could it be going that badly?

    Wyndham however, (ticker WYN) did have some interesting price action this week just after releasing another quarter of disappointing earnings. Actually, their stock has been on quite a ride...

    Wyndham Worldwide Corp., WYN Quick Chart - (NYSE) WYN, Wyndham Worldwide Corp. Stock Price - BigCharts.com

    They have a $7 billion market cap, but they could decide to sell off some of the resort portfolio if that is where some of the drag on earnings has been? Part of the Hyatt portfolio would be a coup! Surely someone on this forum knows something more.

  9. #9
    At an update a few months back the sales rep insinuated something similar. I hope it is not a tactic to get a sale. More choices would be nice. More on the east coast (non Florida) and the northeast would be nice. Destinations other than Arizona would be refreshing as well.

  10. #10
    Quote Originally Posted by dcwojo View Post
    At an update a few months back the sales rep insinuated something similar. I hope it is not a tactic to get a sale. More choices would be nice. More on the east coast (non Florida) and the northeast would be nice. Destinations other than Arizona would be refreshing as well.
    Well, since the session I attended was an "Owner's Update", I do fully expect the information he was telling me were true. Why would a Diamond Resorts International sales rep would lie to an owner at an Owner's Update?

    Side note - he did try selling more points, which we nicely declined of course.
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