M&A Deal Summary

Diamond Resorts Acquires Gold Key Resorts

On October 19, 2015, Diamond Resorts acquired leisure company Gold Key Resorts

Acquisition Highlights
  • This is Diamond Resorts’ 1st transaction in the Leisure sector.
  • This is Diamond Resorts’ 1st transaction in the United States.
  • This is Diamond Resorts’ 1st transaction in Virginia.

M&A Deal Summary

Date 2015-10-19
Target Gold Key Resorts
Sector Leisure
Buyer(s) Diamond Resorts
Deal Type Add-on Acquisition

Target

Gold Key Resorts

Virginia Beach, Virginia, United States
Gold Key Resorts LLC manages vacation ownership resorts and sells vacation ownership points that provide members and owners with Vacations for Life at over 330 managed and affiliated properties and cruise itineraries.

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Buyer(S) 1

Buyer

Diamond Resorts

Las Vegas, Nevada, United States

Category Company
Founded 1996
Sector Leisure
Revenue 874M USD (2015)
DESCRIPTION

Diamond Resorts is a provider of hospitality and management services. The company operates in two segments, Hospitality and Management Services, and Vacation Interest Sales and Financing. Diamond Resorts with its network of more than 420 vacation destinations located in 35 countries throughout the continental United States, Hawaii, Canada, Mexico, the Caribbean, South America, Central America, Europe, Asia, Australasia, and Africa, provides guests with choice and flexibility to let them create their dream vacation, whether they are traveling an hour away or around the world. Our relaxing vacations have the power to give guests an increased sense of happiness and satisfaction in their lives, while feeling healthier and more fulfilled in their relationships, by enjoying memorable and meaningful experiences that let them Stay Vacationed. Diamond Resorts was founded in 1996 and is based in Las Vegas, Nevada.


DEAL STATS #
Overall 1 of 2
Sector (Leisure) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-25 Intrawest Resort Club Group

Vancouver, British Columbia, Canada

Intrawest Resort Club Group is a vacation club business services.

Buy $85M