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July 30, 2014
16:39 EDTDRIIDiamond Resorts reports Q2 revenue $209.01M, consensus $204.64M
Hospitality and Management Services revenue grew by $9.6M, or 22.6%, for Q2 compared to 2Q13. This growth was driven mainly by increased management fees as a result of the inclusion of the managed properties from the Island One and PMR Service Companies acquisitions, increased operating costs at the resort level which generated higher same-store management fee revenue and increased revenues from Club operations. Vacation Interest Sales, net grew by $19.6M, or 17.7%, for Q2 compared to the 2Q13. This growth was driven by a 4.7% increase in tours to 58,267 from 55,650;10.1% increase in transactions to 8,276 from 7,518; 10.6% increase in average transaction price to $17,713 from $16,012.
News For DRII From The Last 14 Days
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November 25, 2015
06:01 EDTDRIIDiamond Resorts to acquire Intrawest Resorts Club Group for $85M
Diamond Resorts (DRII) announced that it has entered into a definitive agreement to purchase Intrawest Resort Club Group from Intrawest Resorts (SNOW) for $85M, subject to certain closing date adjustments. The transaction is expected to be completed by the first quarter of 2016. IRCG develops, sells interests in, and manages a points-based timeshare vacation club called Club Intrawest. The transaction includes the management contracts with Club Intrawest, the current balance of notes receivable, approximately four acres of undeveloped land, and the current balance of points available for sale.

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