Cash rich Apollo Global Management made an offer of $2.2 Billion for Diamond Resorts which they accepted. Not that Diamond needed to be rescued but the additional financing will allow Diamond Resorts to continue to grow and enhance their services and expand their owner base.
After reading this story I began looking further into what Diamond has done to set themselves apart from the traditional timeshare week sales model. I’m becoming more and more convinced of the advantages that Diamond Resorts owners have in comparison to other timeshare plans.
For example, when you think of New York City in terms of timeshare most people would only name the Manhattan Club or the Hilton. Not so with Diamond. Through Diamond Resorts points and affiliates programs these participating hotels are available as well:
AKA Times Square at 123 West 44th St
Club Quarters opposite Rockefeller Center at 25 West 51st St.
Hotel Boutique at Grand Central, 447 Lexington Avenue
The Jewel facing Rockefeller Center 11 West 51st St
World Center Hotel, NYC 144 Washington St.
PLUS two cruise lines out of New York:
Norwegian Gem Canada And New England Cruise
Norwegian Breakaway Bahamas and Florida Cruise
Diamond Resorts’ home page declares they have 350+ destinations available to their members. They have vacation condos available in Australia, Africa, Asia, Europe, Mexico, the Caribbean, South America, the US, and Canada.