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
10 February 2025
Press Releases
Foley Announces Divya Reddy as First Chief Practice Officer to Further Enhance Client Service and Collaboration
Foley & Lardner LLP is pleased to announce the promotion of Divya Reddy to the newly created role of Chief Practice Officer (CPO) to further enhance the firm’s client service and promote greater integration across the firm’s legal departments.
03 February 2025
Press Releases
Foley Announces 2025 New Partner Class
Foley & Lardner LLP is pleased to announce the promotion of 17 lawyers to the firm’s partnership, effective February 1, 2025.
17 January 2025
Press Releases
Young Leaders Share Their Dreams for the Future at Foley’s Annual MLK Jr. Oratory Competition
The voices of tomorrow resonated with hope and inspiration today as elementary students from Dallas, Houston, and Chicago took the stage for the final rounds of Foley & Lardner LLP’s Annual MLK Jr. Oratory Competitions.