Hilton Grand Vacations strikes deal to acquire Diamond Resorts

[Fried_shrimp]

Looks like Apollo is losing a bunch of money on the deal. DIdn't they pay over $2 billion to buy Diamond and now they are selling for $1.5 billion?

paid $2.2B, got $1.4B so lost $800m. Ouch.

 

[Fried_shrimp]

So glad this didn't go the other way. Hopefully, the system we are currently in will stay the same and we get access to the DRI resorts!

By the same token, we're hoping to get access to some HGVC reosrts.

 

[buzglyd]

"Same concept as a single guy putting a concave mirror on his bedroom ceiling."

I don't care who you are, that is funny.

And yes you're right about dots on a map. A lot of clubs do that to make members think they're getting way more locations than they really are.

 

[ocdb8r]

try this link: https://cmsprod.diamondresorts.com/sites/default/files/us-member-benefits-book-combined_23.pdf
Bear in mind that for many of the affiliate resorts the inventory is extremely limited. They exist mostly so that Diamond could put a dot on a map to make themselves look bigger than they reallly are. Same concept as a single guy putting a concave mirror on his bedroom ceiling.

This is EXACTLY my point though! Everything published shows an artificial inflation of what DRI ACTUALLY OWNS (and thereby is actually selling to HGV). I couldn't care less about the "affiliated" resorts as inventory is near nil. What are the 92 resorts HGV is actually acquiring as part of this transaction?

 

[tah]

What are the 92 resorts HGV is actually acquiring as part of this transaction?

If you look at the information provided, each resort listed indicates if it is affiliated. If it's not affiliated, it's a DRI owned resort

Here's the link again so you don't have to go back too many posts. https://cmsprod.diamondresorts.com/sites/default/files/us-member-benefits-book-combined_23.pdf Page 7 talks about the types of resorts in their inventory

(And not trying to be the grammar police -- noting you are in Amsterdam so English may not be your primary language -- I think you mean that you "couldn't care less" )

 

[Talent312]

How long before we start whining that we can't book DRI online?
I predict integration with the HGVC system will be long+convoluted.
.

 

[T_R_Oglodyte]

This is EXACTLY my point though! Everything published shows an artificial inflation of what DRI ACTUALLY OWNS (and thereby is actually selling to HGV). I could care less about the "affiliated" resorts as inventory is near nil. What are the 92 resorts HGV is actually acquiring as part of this transaction?

When I did quick count of the resorts listed in the book that were not club affiliated I came up with 94 resorts. I could easily have miscounted. But that's close enough that I would think it's every resort in the guide except those identified as Club Affiliate. Which makes sense because has no ownership or operating stake in the affiliate resorts.

 

[Sandy VDH]

If you look at the information provided, each resort listed indicates if it is affiliated. If it's not affiliated, it's a DRI owned resort

Here's the link again so you don't have to go back too many posts. https://cmsprod.diamondresorts.com/sites/default/files/us-member-benefits-book-combined_23.pdf Page 7 talks about the types of resorts in their inventory

In the guide above it shows the following for each property....

So someone would have to go through the list and compile a list. Unless one is located elsewhere.

 

[T_R_Oglodyte]

In the guide above it shows the following for each property....

View attachment 33275

So someone would have to go through the list and compile a list. Unless one is located elsewhere.

Here's some info. I'm not sure that this is completely up-to-date but it should be closeL

US Collection: https://faq.diamondresorts.com/Knowledgebase/US-Collection--What-resorts-are-in-the-US-Collection

Hawaii collection: https://faq.diamondresorts.com/Know...on--What-resorts-are-in-the-Hawaii-Collection

California collection: https://faq.diamondresorts.com/Know...hat-resorts-are-in-the-California-Collection?

can't find listings for Grand Pacific, Embarc (nee Intrawest), or the European Collection.

 

[ocdb8r]

If you look at the information provided, each resort listed indicates if it is affiliated. If it's not affiliated, it's a DRI owned resort

Here's the link again so you don't have to go back too many posts. https://cmsprod.diamondresorts.com/sites/default/files/us-member-benefits-book-combined_23.pdf Page 7 talks about the types of resorts in their inventory

When I did quick count of the resorts listed in the book that were not club affiliated I came up with 94 resorts. I could easily have miscounted. But that's close enough that I would think it's every resort in the guide except those identified as Club Affiliate. Which makes sense because has no ownership or operating stake in the affiliate resorts.

Thanks both - this makes it a bit easier. If I get the energy, I'll put together a list based on the member guide.

 

[geist1223]

We are DRI Owners. With Club Select/Club Combination we are Platinum. We actually only own 19,000 DRI Points. How will this affect our Ownership and Benefits? Also with the DRI Exchange Program we have 2 Level 6's and 1 Level 2 Deposited. We have 5 years to use those. We recently changed from the Hawaiian Collection to Cabo Azul.

We are not happy. We are in a state of confusion. Every one talks about how wonderful KBC is. We were not that impressed when we were there a couple years ago. They Beach was only about 15 feet at low tide and basically nil at high tide. We have also heard rumors of issues with KBC that may involve the underpinings of structure and also Pool issues.

We have enjoyed DRI and have learned to use the System to our Benefit. Nothing we can do about it. Wait and see what develops.

 

[DazedandConfused]

They exist mostly so that Diamond could put a dot on a map to make themselves look bigger than they reallly are. Same concept as a single guy putting a concave mirror on his bedroom ceiling.

That is their mistake as my ceiling mirror is "convex"

The image formed in a convex mirror is always virtual and "erect", whatever be the position of the object.

Concave Mirrors And Convex Mirrors - Image Formation, Ray Diagram

Learn about spherical mirrors types, characteristics, concave and convex image formation. Explore concave & convex mirrors, ray diagrams guidelines and image formation examples.

byjus.com

 

[T_R_Oglodyte]

never mind.

 

[T_R_Oglodyte]

(never mind)^2

 

[tschwa2]

How long before we start whining that we can't book DRI online?
I predict integration with the HGVC system will be long+convoluted.
.

or they will keep them separate and make you buy into HGVC and tell you with each person that converts, there will be less availability for the old legacy diamond users.

 

[winger]

We stayed at a property Diamond now operates in Whistler (late June) and would look forward to getting back there.

Be aware, most of Diamonds' locations are "Affiliates", meaning low or almost no inventory

 

[dayooper]

Thanks both - this makes it a bit easier. If I get the energy, I'll put together a list based on the member guide.

I‘m starting one now and I’m almost through Florida. It’s a slow go on my IPad, but it’s interesting to see what resorts they have. On a side note, if you ever want to go to Kissimmee, DRI is a the way to go.

 

[ocdb8r]

If you look at the information provided, each resort listed indicates if it is affiliated. If it's not affiliated, it's a DRI owned resort

Here's the link again so you don't have to go back too many posts. https://cmsprod.diamondresorts.com/sites/default/files/us-member-benefits-book-combined_23.pdf Page 7 talks about the types of resorts in their inventory

So, the guide doesn't include any of the Embarc/Intrawest resorts...what's the deal? Are they owned by DRI or not? Can we expect they're included in this deal?

Otherwise, I just went through and for DRI owned resorts (not affiliates) I'm not overly excited as an HGV owner. Looks like some nice additions in AZ, Cabo, St. Maarten, UK and Spain (but a LOT of Canary Islands, which isn't that interesting) and that's about it. The rest of the US locations are not very interesting or the accommodations look subpar. If we can add Embarc/Intrawest to the list there are some nice additions with Canada, Palm Springs, Sandestin and Zihuatanejo.

A few interesting observations:

• The Crescent in South Beach Miami is right next door to the McAlpin. Good opportunity for some synergies there.
• There is a TON of Orlando area inventory...like an ABSURD amount.
• Everything in Asia, Australasia, Central/South America and Africa appeared to be "affiliates".

 

[T_R_Oglodyte]

Be aware, most of Diamonds' locations are "Affiliates", meaning low or almost no inventory

The only Whistler resort that shows up in the Diamond resort directory to Clocktower, which is a Vacation Internationale resort. Diamond gets some inventory from Vacation Internationale because there are some Diamond Club members who started out as VI members, but then bought into Club Sunterra when Sunterra was the resort manager for VRI. So when VI booted Sunterra as resort manager, a deal was cut to give DRI access to a certain amount of VI inventory, corresponding to the VI inventory that had been added to Club Sunterra.

 

[T_R_Oglodyte]

So, the guide doesn't include any of the Embarc/Intrawest resorts...what's the deal? Are they owned by DRI or not? Can we expect they're included in this deal?

Good question. DRI owns Embarc, but there is a strong firewall between Embarc and the other DRI resorts.

• Everything in Asia, Australasia, Central/South America and Africa appeared to be "affiliates".

Yep. I believe the only places where DRI actually owns/operates resorts is Europe (including the Atlantic Islands), the US (including Hawaii), Mexico, and St. Martin.

 

[dayooper]

Good question. DRI owns Embarc, but there is a strong firewall between Embarc and the other DRI resorts.

Isn‘t that firewall there because the Embarc owners really put up a fuss about associating with DRI? They might be more receptive to HGVC. They used to have a nice relationship a few years ago (prior to Diamond acquiring them).

 

[ConejoRed]

O.k... here is a quick list from the various sources. I have probably missed one or two as I only have 81. Then if you add in the 9 Embarc resorts you get to 90 (but apparently there should be 92). Only included those that did not have an affiliate or managed indication.

Alpine Club	Austria
Bell Rock Inn	AZ
Kohls Ranch Lodge	AZ
Los Abrigados Resort and Spa	AZ
PVC at the Roundhouse	AZ
Rancho Manana Resort	AZ
Scottsdale Links Resort	AZ
Scottsdale Villa Mirage	AZ
Sedona Summit	AZ
The Ridge on Sedona Golf Resort	AZ
Varsity Clubs of America	AZ
Lake Tahoe Vacation Resort	CA
Marquis Villas Resort	CA
Palm Canyon Resort	CA
Riviera Oaks Resort & Racquet	CA
Riviera Shores Resort	CA
Riviera Beach Resort	CA
Cala Blanca	Canary Islands
Club del Carmen	Canary Islands
Jardines del Sol	Canary Islands
Royal Sunset Beach	Canary Islands
Royal Tenerife Country Club	Canary Islands
Santa Barbara Golf and Ocean Club	Canary Islands
Sunset Bay Club	Canary Islands
Sunset Harbor Club	Canary Islands
Sunset View Club	Canary Islands
The Historic Crags Lodge	CO
Alhambra at Poinciana	FL
Alhambra Villas	FL
Barefoot'n Resort	FL
Bryan's Spanish Cove	FL
Charter Club Resort of Naples	FL
Crescent Resort on South Beach	FL
Cypress Pointe Resort	FL
Daytona Beach Regency	FL
Grand Beach Resort	FL
Grande Villas Resort	FL
Liki Tiki Village	FL
Mystic Dunes Resort and Golf	FL
Orbit One Vacation Villas	FL
Parkay Intgernational Resort	FL
Polynesian Isles Resort	FL
The Cove on Ormond Beach	FL
Le Club Mougins	France
Royal Regency	France
Kaanapali Beach Club	HI
The Modern Honolulu	HI
The Point at Poipu	HI
Varsity Clubs of America - South bend	IN
Palazzo Catalani	Italy
Cabo Azul Resort and Spa	Mexico
Sea of Cortez Beach Club	Mexico
The Suites at Fall Creek	MO
Beachwoods Resort	NC
Villas de Santa Fe	NM
Cancun Resort Las Vegas	NV
Desert Paradise Resort	NV
Polo Tower Suites	NV
Polo Tower Villas	NV
Vilar Do Golf	Portugal
Los Amigos beach Club	Spain
Royal Oasis Club at Pueblo Quinta	Spain
Sahara Sunset	Spain
White Sands Beach	Spain
Flamingo Beach Resort	St. Maarten
Royal Palm Beach Resort	St. Maarten
Bent Creek Golf Village	TN
Cromer County Club	UK
Pine Lake Resor	UK
Thurnham Hall	UK
Woodford bridge County Club	UK
Wychnor Park Country Club	UK
The Kenmore Club	UK
Cedar Breaks Lodge and Spa	UT
Beach Quarters Resort	VA
Boardwalk Resort and Villas	VA
Greensprings Vacation Resort	VA
Ocean Beach Club	VA
Oceanaire Resort	VA
The Historic Powahatan Resort	VA
Turtle Cay Resort	VA

 

[T_R_Oglodyte]

Isn‘t that firewall there because the Embarc owners really put up a fuss about associating with DRI? They might be more receptive to HGVC. They used to have a nice relationship a few years ago (prior to Diamond acquiring them).

IIRC - there is something in the legal documents created by Intrawest that dictated that DRI keep Embarc completely separated. No idea what that might have been, since it wasn't a point of interest for me.

 

[CalGalTraveler]

Boy what's old is new again. HGVC and Embarc/Intrawest previously had direct trading prior to Diamond acquisition. Now it's back (maybe). I don't believe the Embarc resort we stayed at Whistler was Clocktower because there is a resort by that name in town. This one also had a clocktower but it is next to the Fairmont up the hill from town. Nice resort with great walk on skiing. Would love to visit again.

Synergies with the Modern next to HHV.

KBP will be a great addition. They should have acquired when it was an Embassy Suites. IMO the location is better than HGV in Kihei. Right on the beach (no road) next to the Westin Kaanapali resort and the upscale Hono Koa resort. The KBP building needs renovation and updating. IMO the pink is hideous, the metal railings make it look cheap. Pool looked nice. The interiors need an update too based on the photos.

 

[letsgobobby]

Cabo Azul and Embarc seem to til the list of appealing DRI Properties. Anyone care too add to that list?