On March 10, 2021 Hilton Grand Vacations Club announced that they have entered into a definitive agreement to acquire Diamond Resorts. The stock-based transaction has an equity value of approximately $1.4 billion.
The acquisition will merge vacation club powerhouse HGV and Diamond Resorts, the largest independent timeshare operator. The combined company will now operate 154 resorts and have over 720,000 owners. HGV’s 62 upscale properties and Diamond’s 92 resorts will create the largest offering of ownership opportunities in the industry. Upon merging, Hilton will diversify their portfolio and expand its business into over 20 new markets. Through this agreement, the number of vacation options will double for the combined owner base. Diamond’s resorts will boost HGV’s already vast selection of beach and attraction-based resorts, while also adding more drive-to destinations in desert and mountain regions.
This strategic combination will leverage the strengths of each company, positioning us to drive significant Net Owner Growth while enhancing efficiencies of scale and generating significant shareholder value.Mark Wang, President and CEO of Hilton Grand Vacations
Combining Hilton Grand Vacation’s trusted services and Diamond’s flexible point-based ownership will certainly cater to a larger audience and drive growth for the company.
This acquisition will provide more destinations for owners in the busy vacation season ahead. The travel industry is expected to see a surge in the upcoming months following the release of COVID-19 vaccinations. Hilton is, most importantly, taking many precautions to make sure their guests feel safe.
Hilton Grand Vacations Timeshare
Over the years, Hilton has proven that they are one of the leaders of the vacation ownership industry. HGV’s luxurious resorts around the world provide comfort and hospitality to their 325,000+ owners. Their flexible system allows owners to use their points as vacation currency, rather than fixed weeks, creating endless vacation opportunities. If you’re looking to buy Hilton Grand Vacations Club timeshares, the experts at Timeshares Only are licensed and eager to help you. Browse our selection of Hilton Timeshare Resales on our marketplace.
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