Press Release March 17, 2021

Hilton Grand Vacations to Acquire Diamond Resorts International

Alston & Bird client Hilton Grand Vacations (HGV), has entered into a definitive agreement to acquire Diamond Resorts International Inc. in a transaction valued at approximately $1.4 billion.

The acquisition will expand HGV’s footprint to more than 20 new markets, and the combined company will have 720,000 owners across more than 150 resorts. The combination will result in a premier vacation ownership company with the broadest offering in the industry.

Based in Orlando, FL, HGV is an NYSE-listed company that was founded in 1992 as a subsidiary of Hilton Worldwide Holdings Inc. It was spun-off from Hilton in early 2017 to become an independent publicly traded company. HGV is a leading global timeshare company that develops, markets, and operates brand-name vacation ownership resorts in key vacation destinations.

Diamond Resorts International is the largest independent timeshare company and is headquartered in Las Vegas, NV. In addition to the operation of timeshare properties, the company’s ownership community has access to exclusive concerts, VIP receptions, and other signature events.

Advising HGV in the proposed acquisition is an Alston & Bird team led by partners Alex Park and Rebecca Valentino, senior associate Bhanu Mathur, and associate John Schippert (Mergers & Acquisitions); partners Tara Castillo and Paul Hespel, senior associates Bradford Patterson, Anna French, and David Rutherford (Finance); partner Brett Coburn and senior associate Kaitlin Owen (Labor & Employment); partner Kyle Woods and counsel Kerry Wenzel (Employee Benefits & Executive Compensation); partners Kendall Houghton and Shawna Tunnell (Tax); senior attorney Celeste Ahl (Real Estate & REITs); partner Elise Paeffgen (Environment, Land Use & Natural Resources); and partner Adam Biegel and senior associate Simon Albert (Antitrust).
Media Contact
Nicholas Clarke
Senior Communications Manager
Phone: 212.210.1222

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