Foley Represents Hilton Grand Vacations in Acquisition of Diamond Resorts International
10 March 2021
Foley & Lardner LLP served as lead timeshare and exchange counsel on behalf of Hilton Grand Vacations Inc. (NYSE:HGV) in a definitive agreement to acquire Diamond Resorts International, Inc. Announced on March 10, the stock-based transaction has an equity value of approximately $1.4 billion.
The deal combines the largest independent timeshare operator with HGV’s internationally recognized brand to create significant value from scale, while expanding and diversifying HGV’s resort portfolio into over 20 new markets. The combined company will have the broadest offering in the vacation ownership industry, including Diamond’s 92 leisure resorts and nearly 400,000 owners and HGV’s 62 upscale and luxury properties and over 325,000 owners.
The Foley team was led by partner Bill Guthrie, and also included partners Dan Bachrach and Matt Jassak.
The deal combines the largest independent timeshare operator with HGV’s internationally recognized brand to create significant value from scale, while expanding and diversifying HGV’s resort portfolio into over 20 new markets. The combined company will have the broadest offering in the vacation ownership industry, including Diamond’s 92 leisure resorts and nearly 400,000 owners and HGV’s 62 upscale and luxury properties and over 325,000 owners.
The Foley team was led by partner Bill Guthrie, and also included partners Dan Bachrach and Matt Jassak.
People
Related News
24 October 2024
Press Releases
Foley Publishes a ‘How-To’ Manufacturing Guide on Today’s Pressing Legal Challenges and Those that Lie Ahead
Foley & Lardner LLP today released its 2024 End-to-End Manufacturing Manual, a compilation of essays focused on helping companies navigate the ever-changing future of manufacturing.
23 October 2024
Press Releases
Foley Strengthens Florida Presence with Addition of Two Corporate Partners
Foley & Lardner LLP announced today that it has expanded its Innovative Technology Sector and Transactions Practice Group with the addition of partners Joshua Ehrenfeld and Charles Curley to the firm’s Jacksonville office.
14 October 2024
Press Releases
Foley Releases eBook Exploring Developments and Impacts of Artificial Intelligence Advancements
Foley & Lardner LLP today published its second annual eBook that examines Artificial Intelligence with insights on how to navigate the rapidly evolving landscape of this technology as it transforms industries across all economic sectors.