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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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March 5, 2015
09:10 EDTDRIIDiamond Resorts 6.7M share Secondary priced at $33.75
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07:23 EDTDRIIJPMorgan to hold a forum
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March 2, 2015
18:24 EDTDRIIDiamond Resorts files to sell 4.83M shares of common stock for holders
Credit Suisse is acting as sole underwriter of the offering.
18:11 EDTDRIIDiamond Resorts files automatic common stock offering
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