Affiliate of Apollo Global Management, LLC will acquire DRI

[Spence Super Moderator Find all posts View Profile Close Spence]

Dear Members and Owners,


Today we announced that we have entered into a merger agreement under which an affiliate of Apollo Global Management, LLC will acquire Diamond Resorts International, Inc. We wanted to reach out to you directly to assure you that this transaction will not impact your membership or ownership in any way and you may continue to look forward to a lifetime of vacation experiences with us. Our top priority remains providing our members and owners with the unparalleled vacation experiences they have come to expect, and we will continue to deliver exceptional hospitality.


We look forward to seeing you on your next vacation.


Stay happy, Stay healthy and Stay Vacationed.™


Sincerely,
Diamond Resorts International®


Diamond Resorts International®, 10600 West Charleston Boulevard, Las Vegas, NV 89135 USA


©Copyright 2016 Diamond Resorts Holdings, LLC. All rights reserved. Any unauthorized duplication will constitute an infringement of copyright and will be a violation of applicable state, federal and international laws.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Who's on first?

[Tommyboy Senior Member Find all posts View Profile Close Tommyboy]

Anyone know who Apollo Global Management is?

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

https://en.wikipedia.org/wiki/Apollo_Global_Management

[Tommyboy Senior Member Find all posts View Profile Close Tommyboy]

Well, that was interesting reading! We are going to Kauai- Point at Poipu next week. I am sure that there is a review opportunity in our future. I might even consider going if it seems that they have something to say - probably not. I will try to find out something.

Tom

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Hmmm! A leveraged buyout company that specializes in distressed assets? There are a bunch of DRI folks over at TST. I wonder if the Brits are more up on this?

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

It looks like Diamond had some significant financial challenges this year:

http://www.timeshareconsumerassociat...tock-exchange/

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Who's on first?

I say that because we went to the Embassy at Poipu in 1999, which became DRI . . .

Then, a couple years ago I met a guy at the golf course in Branson who's wife had been transferred here from DRI/Poipu, to work at DRI/Fall Creek Resort, when DRI took it over from . . . .

What's on second?