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On June 2, 2017, the company sold the InnSuites Ontario California Hotel and Suites property for $17.5 million and repaid debt of $7.2 million. [ 7 ] In August 2018, the company sold IBC Hotels to OBASA Capital Investments for $250,000 and a promissory note in the amount of $2,750,000 with interest to be accrued at 3.75%.
In April 2018, Diamond Resorts announced it had acquired The Modern Honolulu, a boutique hotel in Honolulu, Hawaii. [16] In January 2020, Diamond Resorts partnered with Highgate to rent units in two properties in New York City. [17] In March 2021, Apollo Global agreed to sell Diamond Resorts to Hilton Grand Vacations [18] for $1.4 billion.
Diamond Resorts is a wholly owned subsidiary of Hilton Grand Vacations. It was once a separate timeshare resort and ownership company until it was purchased by HGV in 2021. The majority of Diamond Resorts properties will be rebranded to Hilton Vacation Club resorts, but some will retain the Diamond Resorts name.
Desert Diamond Casino: Why: Pima: Arizona: Hickiwan: Land-based: Owned by the Tohono Oʼodham Nation; formerly known as Golden Hassan Casino Desert Diamond Casino, Sahuarita: Sahuarita: Pima: Arizona: San Xavier: Land-based: Owned by the Tohono Oʼodham Nation: Desert Diamond Casino–West Valley: Glendale: Maricopa: Arizona: San Lucy: Land ...
In March 1945, John Murphey and Rev. George W. Ferguson sold the property to Mr. and Mrs. Howard Morgan for $110,000. The new owners announced plans to operate a desert resort hotel on the property, then consisting of 80 acres. [5] By December 1945, the property was operating as the Hacienda del Sol Ranch Hotel. [6]
The nearby gypsum mine was purchased in 1923 by the Blue Diamond Corporation of California. [5] The company opened a wallboard manufacturing plant at the site in 1941, and then began building a company town in 1942. [6] [7] The village of Cottonwood became known as Blue Diamondville that year, when a post office opened under that name.