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Thread: Big Takeover Announcement?

  1. #11
    Quote Originally Posted by winger View Post
    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.
    I think their sense of time is off somewhat. As I wrote earlier I was given the same type of information and the timing we were told was also a week or two and three months later nothing.

  2. #12
    Quote Originally Posted by winger View Post
    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.
    An ''owners update'' at any resort is nothing but a sales pitch and the person you were talking to was a timeshare sales weasel. Since when did timeshare sales weasels ever tell the truth about anything? The best way to tell if they are lying is to look to see if their lips and moving.

  3. #13

    Talking

    Quote Originally Posted by winger View Post
    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.
    I did not know that a t/s sale person would tell the untrue to make a sell.

  4. #14
    Senior Member
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    I certainly hope not. I do not see that being good for us. With BG stock rising one wonders why they would choose to do it now.

    Quote Originally Posted by timeos2 View Post
    They have been after Bluegreen for some time.... Maybe?

  5. #15
    ?

    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.[/QUOTE]

    I would hate to see how much the stock would go up if they had good earnings! I think you are off on calling them dissapointing I listened to the earnings call, read the report and it is overall very good and positive. Analysts seem to love them right now.

  6. #16
    Quote Originally Posted by gandalf252002 View Post
    I certainly hope not. I do not see that being good for us. With BG stock rising one wonders why they would choose to do it now.
    Overall I think I'd file it under typical puffing and misinformation all too often used in every sales / update presentation. I'd be very surprised if there is really much meat behind it.

    Still, fun to speculate.

  7. #17
    Quote Originally Posted by timeos2 View Post
    Overall I think I'd file it under typical puffing and misinformation all too often used in every sales / update presentation. I'd be very surprised if there is really much meat behind it.

    Still, fun to speculate.
    When we were at Poipu last August the salesman said that by the end of the year DRI would be have resorts on in Waikiki and Hilo. I saw that his lips were moving when he said it, so I decided I shouldn't hold my breath.

    ++++++

    In the realm of speculation, I note as well that settlement of the Raintree litigation removes a possible obstacle to resurrecting that deal as well. Granted that wouldn't be near the size of a Sunterra type of deal, but it would be significant. And Raintree is still a great fit for DRI.
    “Maybe you shouldn't dress like that.”

    “This is a blouse and skirt. I don't know what you're talking about.”

    “You shouldn't wear that body.”

  8. #18
    Senior Member dougp26364's Avatar
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    The thing is, DRI is big into acquisition to build it's brand. Right now is the time to aquire if you have the money or financing. Financing can be difficult and, I don't think DRI has the cash on hand. It certainly didn't have enough cash on hand to pull of the Bluegreen aquisition when the markets fell and financing dried up.

    The salesmen never know what's going on. Sales managers routinely feed the rumor mill. There may be something in the works but they wouldn't know the timing of any deal to come down the line.

    It would not surprise me to see DRI merge with another timeshare devloper. They did it with Sunterra, the recently merged in ILX and Pacific Monarch, They almost had Bluegreen. This is how they operate and there are plenty of distressed timeshare management companies to choose from. I was almost surprised they didn't go after Consolidated when they went bankrupt but, my guess is DRI just didn't want three more resorts in Vegas, all of them off strip.

    I can see potential targets but, none bigger than Sunterra. It will be interesting to see what happens by the end of the year.......if anything. For all we know there could be something in the works that never ends up being completed. Then it's just another TS salesman spouting half truths that no one should believe.

    I'm very indiferent to a Bluegreen aquisition. I'd love to see them aquire Wyndham for the locations. I'd like to think Marriott, HGVC, DVC, Hyatt, Starwood et.... were out of reach but, one never knows in this economy as companies try to downsize. Shell vacation club, Festiva, Southwind,Summerbay, VRI and others in the mid-size range are all possiblities but, I wouldn't consider them larger than the Sunterra buyout.
    Our timeshare and other photo's at http://dougp26364.smugmug.com/

  9. #19
    Well, it seems the consensus here is the that rep we spoke with was not telling us the truth. Shame on him, if this were true.

    Anyways, I would personally like DRI to take over more depressed location our here on the West Coat and re-face them. We like the Diamond hard-product, and that does NOT include the affiliates, although some of the affiliates' location is another story.
    EMAIL me if you wish, do NOT PM

  10. #20
    Senior Member Tommyboy's Avatar
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    We just attended an "Owner Update" at Point at Poipu last week. The salesperson mentioned that a large number of new members (250,000 was the number he mentioned) is very near. He also said that there is some arrangement for financial backing for acquisitions. Of course, he said that the large influx will diminish our ability to get the prime times and we needed to purchase points in the Hawaii Collection to get the 13 month advantage. He also said that the Hawaii Collection is almost sold out and offered a bargain of (minimum purchase) 8500 points for $51,000 and 17,000 points for $107,000. The price per point was in the $6.00/point range. After we declined, he dredged up an old offer at "reduced price" of $2.00/point which we had previously declined. Same thing again, declined. Then another salesperson came out with a sampler offer to hold the current price. We disappointed her also. They were unable to tell me which buildings are scheduled for remodel first. The promised 55 min owner update lasted 1-1/2 hrs and was all sales push, as expected.
    Tom

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