diamond resorts international
Diamond Resorts Realigns Senior Leadership: Matthew Avril Resigns; Current COO Michael Flaskey to Assume Role of CEO
March 6, 2017
Current General Counsel and Chief Administrative Officer, Ken Siegel, has been named President LAS VEGAS--Diamond Resorts International® ("Diamond Resorts"), a global leader in the hospitality and vacation ownership industries, today announced the promotions of Michael Flaskey and Ken Siegel, as well as the retirement of Matthew Avril due to family and personal reasons. Avril will continue as an advisor to Apollo and the Company's management during his retirement. Diamond Resorts' current Chief Operating Officer, Michael Flaskey, has been appointed Chief Executive Officer, while current General Counsel and Chief Administrative Offic...
Diamond Resorts International® Appoints Kenneth S. Siegel as Executive Vice President, Chief Administrative Officer and General Counsel
December 22, 2016
LAS VEGAS-- Diamond Resorts International®, a global leader in the hospitality and vacation ownership industries (the "Company" or "Diamond Resorts"), announces today that Kenneth S. Siegel will assume the role of Executive Vice President, Chief Administrative Officer and General Counsel. Siegel has over 20 years' experience in leadership roles at multinational organizations. Most recently, he served as the Chief Administrative Officer and General Counsel of Starwood Hotels & Resorts Worldwide, Inc., where he had a broad range of responsibilities including overseeing all of Starwood's legal, compliance and governmental affairs g...
Diamond Resorts International | November 29, 2016
LAS VEGAS--November 29, 2016--Diamond Resorts International®, a global leader in the hospitality and vacation ownership industries, announces today that Matthew Avril will assume the role of Chief Executive Officer effective January 1, 2017. Avril will also join the Board of Directors of Diamond Resorts' parent company. With over 30 years of experience in executive leadership roles, principally in the hospitality and vacation ownership industries, Avril has held senior positions within Starwood Hotels and Resorts Worldwide, Inc. and at Starwood Vacation Ownership (and predecessor entities) dating back to 1989, including serving as P...
Diamond Resorts Intl. Enters into Definitive Merger Agreement with Affiliates of Apollo Global Management for $2.2 billion in Cash
Apollo | June 30, 2016
LAS VEGAS - June 30, 2016 - Diamond Resorts International, Inc. ("Diamond Resorts" or the "Company") (NYSE: DRII) today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with affiliates of certain funds (the "Apollo Funds") managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE: APO), pursuant to which the Apollo Funds will acquire Diamond Resorts for $30.25 per share or approximately $2.2 billion. The all-cash offer represents a premium of approximately 26% over Diamond Resorts' closing share price on June 28, 2016, and a premium of ...
October 20, 2015
October 20, 2015 - LAS VEGAS - Diamond Resorts International, Inc. (NYSE:DRII), announced today that it has completed the previously disclosed acquisition of the vacation ownership business of Gold Key Resorts, adding five vacation ownership resorts in Virginia Beach, VA and one in the Outer Banks, NC. The acquisition adds two new East Coast locations to Diamond Resorts, bringing its global portfolio to a total of 99 managed resorts. David Palmer, President and Chief Executive Officer, Diamond Resorts International, said, "We are pleased to have completed this acquisition, which expands our presence on the East Coast and brings to Diamo...
Gold Key Resorts | August 17, 2015
LAS VEGAS--August 17, 2015--Diamond Resorts International, Inc. (NYSE:DRII), announced today that it has executed an agreement to purchase the vacation ownership business of Gold Key Resorts, which manages five vacation ownership resorts in Virginia Beach, VA and one in the Outer Banks, NC, for $167.5 million. "This is an exciting acquisition that provides us with a platform to expand into a new, complementary geography and owner base," said David Palmer, President and Chief Executive Officer, Diamond Resorts International. "We are purchasing a business with a history of a strong operating performance, and we believe that we can leverag...
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