Question: Did Diamond Resorts Buy Festiva?

How do I get rid of my Festiva timeshare?

Please call Customer Service at 800-339-5120 to discuss cancellations or make changes to your reservations. Reservation Change and Cancellation Policy. Purchasers have 30 days from date of purchase to cancel the vacation package for a full refund.

Who is Diamond Resorts buying?

Hilton Vacations buys Diamond Resorts1 min read On Aug. 2, Hilton Grand Vacations Inc. completed the previously-announced acquisition of Diamond Resorts International Inc. According to a press release, the stock-based transaction has equity value of approximately $1.4 billion for the timeshare resorts.

Did Diamond Resorts get bought out?

(Aug. 2, 2021) – Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or the “Company”) announced today that it has completed the previously announced acquisition of Diamond Resorts International, Inc. (“Diamond”) from funds managed by affiliates of Apollo Global Management, Inc.

Is Festiva still in business?

Since its formation in 2000, Festiva has become one the most successful privately held vacation ownership companies in the United States. Festiva continues to market and sell traditional timeshare weeks and various other vacation travel products through a subsidiary company.

Can you just walk away from your timeshare?

You can’t just walk away from a timeshare. That’s because they often come with an obligation to pay maintenance fees for as long as you own them. It says 85 percent of timeshare owners who go to contract regret their purchase.

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Can you refuse to inherit a timeshare?

If you die owning a timeshare, it does become part of your estate and obligations are indeed passed onto the next-of-kin or the estate’s beneficiaries. However, they do not have to accept it, in the same way that anyone has the right to refuse any part of an inheritance.

Is Hilton buying diamond?

Hilton Grand Vacations has completed the previously announced acquisition of Diamond Resorts International, creating the largest upper upscale and luxury timeshare operator in a stock-based transaction with an equity value of approximately $1.4 billion, according to a press release from Hilton Grand Vacations.

Are timeshares worth anything?

No, the timeshare has no value, because you don’t own anything in the normal sense of the word. It’s not like your regular home, which likely has some equity built up. In fact, a timeshare goes down in value from the moment you sign the contract. There are much better ways to invest your hard-earned money.

Can you cancel Diamond Resorts membership?

Cancellation: For a full refund of your Deposit, Owner(s) may cancel at any time within 10 days upon receipt of the confirmation letter (the “Cancellation Period”). Please send cancellation requests to Diamond Events, 10615 Park Run Drive, Las Vegas, NV, 89144 or call 1.800. 391.7840.

Who is the CEO of Diamond Resorts International?

In March 2021, Apollo Global agreed to sell Diamond Resorts to Hilton Grand Vacations for $1.4 billion. The acquisition was completed on August 2, 2021.

What is a Ford Festiva?

The Ford Festiva is a subcompact car that was marketed by Ford between 1986 and 2002. Festiva was sold in Japan, the Americas, and Australia. The name “Festiva” is derived from the Spanish word for “festive”. South Korean first generation sales began in 1987 under the name Kia Pride, assembled by Kia under license.

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