Posts

,

Timeshare Resorts Setting Sites On Urban Destinations

Diamond Resorts Investing in St. Louis.

Diamond Resorts is turning a hotel in St Louis into a timeshare destination. Diamond has purchased six floors of the 29 storey City Place Hotel and will convert the six floors into luxury timeshare apartments. Once the redesign is complete in 2020, City Place Tower will be Diamond’s flagship urban destination.

Michael Flaskey, chief executive officer of Diamond Resorts, said: “St. Louis is a new market for the industry and we are proud that Diamond Resorts will be the only company offering vacation ownership accommodations for the millions of families who explore St. … Read more

/0 Comments/by
,

Are Diamond Resorts about to go Public?

Are Diamond Resorts about to go public?

Diamond Resorts owns a network of 379 vacation destinations in 35 countries around the world and sells vacation ownership points. In June 2016, Apollo Global Management made a successful offer to purchase Diamond Resorts International. On January 18th 2018, the company underwent a brand refresh, updating its logo and officially dropped the “International” from its name, and became known as Diamond Resorts. Along with these changes, as many as 1,000 employees at more than 15 European locatiions were told they were losing their jobs. This does not appear to have generated enough profit … Read more

/0 Comments/by

European Sales offices close with Diamond Resorts

The following news has broken, Diamond Resorts Europe will be closing select sales offices within Malaga and Tenerife.

Sales teams in both Malaga and Tenerife have been advised to seek advice from solicitors as there will be redundancies across the teams.

So what information have clients of Diamond received?

Some members are being informed that the European Sales and Marketing business has been facing a challenging time. Within the information given to clients, Diamond state they have tried numerous initiatives to try and improve performance within the sales teams.

Being one of the biggest sales teams across Europe, this will … Read more

/0 Comments/by

DIAMOND RESORTS INTERNATIONAL UNSOLICITED LETTER – Our Response

We have recently become aware of a letter sent out to Diamond Resorts International (DRI) clients with maintenance fee demands for 2017/18.

The letter warns DRI owners to be aware of claims companies. The content of the letter is merely a scaremongering exercise to deter owners from terminating their memberships with DRI.

The letter makes unsubstantiated claims about claims companies cold-calling DRI members.  Praetorian Legal never cold call clients and never have done. We are fully transparent and compliant under the Data Protection Act 1998 and we abide by the eight principles of data protection.

We are authorised and regulated … Read more

/0 Comments/by

Timeshare News – October 2017

Billion dollar lawsuit filed against Diamond Resorts International

There have been many judgements entered against companies for the sale of timeshare products. The majority of cases have, thus far, been issued within Spain. So far, the Supreme Court are said to have made 42 rulings in timeshare release matters.

It has cost the industry significantly. All this because, for years, companies have ignored the laws put into place in 1999 relating to timeshare products, which are there to protect the consumer. However, this now pales into insignificance with the latest lawsuit in America.

An online post shows that Diamond Resorts … Read more

/0 Comments/by