Showing posts with label notimeshare. Show all posts
Showing posts with label notimeshare. Show all posts
Diamond Resorts acquires two rival firms
LAS VEGAS -- Las Vegas-based vacation ownership firm Diamond Resorts
acquired two rival firms following the company’s initial public stock
offering, which closed a week ago.
Diamond Resorts said in a statement late Wednesday it bought seven properties in Florida operated by Island One and acquired seven properties in Las Vegas, California and Mexico owned by Pacific Monarch Resorts.
Last year, Diamond Resorts acquired most of Pacific Monarch management agreements.
The company did not disclose financial details for the transactions.
“These types of acquisitions represent an excellent strategic growth platform for our business,” Diamond Resorts Chief Executive Officer David Palmer said in a statement. “Coinciding with our initial public offering, these transactions will benefit our business by adding significant cash flow to our hospitality management segment.”
Diamond Resorts has a network of more than 300 vacation destinations in 33 countries.
Shares of Diamond Resorts closed at $15.40 on the New York Stock Exchange, up 7 cents or 0.46 percent.
Diamond Resorts said in a statement late Wednesday it bought seven properties in Florida operated by Island One and acquired seven properties in Las Vegas, California and Mexico owned by Pacific Monarch Resorts.
Last year, Diamond Resorts acquired most of Pacific Monarch management agreements.
The company did not disclose financial details for the transactions.
“These types of acquisitions represent an excellent strategic growth platform for our business,” Diamond Resorts Chief Executive Officer David Palmer said in a statement. “Coinciding with our initial public offering, these transactions will benefit our business by adding significant cash flow to our hospitality management segment.”
Diamond Resorts has a network of more than 300 vacation destinations in 33 countries.
Shares of Diamond Resorts closed at $15.40 on the New York Stock Exchange, up 7 cents or 0.46 percent.
Wyndham time shares pitch more, sell more
The world's largest time-share developer reported an increase in sales for the second quarter, driven by a higher volume of guests going on tours to hear sales pitches.
Wyndham Worldwide Corp., the parent company of Orlando-based Wyndham Vacation Ownership, said its time-share operation had revenue of $630 million for the three months that ended June 30. That figure was up 11 percent compared with the same period a year earlier.
Partly driving the increase was Wyndham's acquisition of Shell Vacations Club, an early pioneer in the time-share business.
Wyndham said its time-share sales were up 5 percent from a year ago, driven by a 10.8 percent increase in "tour flow," or the number of people sitting through its sales pitches. But the company's marketing efforts were less effective, as the "volume per guest" — or the amount of revenue generated per tour —- decreased by 4.4 percent.
Two Red Weeks - $1500
Check out our resale page, an owner is selling 2 weeks for only $1500 at Fairfield Glade in Crossville, TN. Fees for 2011 are paid weeks are #26 and 27 (4th of July).
Do not contact us if you are a resale company, I will only forward your name when I can verify you are an interested party, not trying to get a listing fee from these owners.
Do not contact us if you are a resale company, I will only forward your name when I can verify you are an interested party, not trying to get a listing fee from these owners.
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