Apollo, the company that owns Diamond Resorts, has told Hilton it wants to buy their timeshare arm and will pay a premium to do so.
Hilton Grand Vacations is said to be worth $2.4 Billion and Apollo Global Management has informed the timeshare giant they are planning a purchase offer.
The New York Post reports that Apollo has given Hilton Grand Vacations three options: It would offer to buy HGV at a premium to its share price, merge the company with Diamond Resorts or sell shares in HGV.
Apollo have not released any figures as yet, but the post reports … Read more