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In September 2000, the company acquired the Albuquerque Best Western Airport Inn. [3] In 2004, the company sold the 160-unit InnSuites Hotels & Suites Tempe-Phoenix for $6.8 million to an affiliate of James Wirth, the founder, and sold a 131-unit hotel in San Diego for $9.7 million. [4] In November 2013, the company announced a partnership with ...
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.
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.
The hotel brand was announced in January 2016 at the Americas Lodging Investment Summit in Los Angeles. It was designed to compete against Comfort Inn and La Quinta, [5] and the first Tru by Hilton hotels were expected to open late in the same year. [6] The goal was to create rooms of 228 square feet (21.2 m 2) with "clever" bathrooms. The ...
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.
The Nevada was put up for sale in 2021 for $2.75 million after de la Pena’s son said staffing shortages were causing the business to struggle. Lipton’s Crane Group purchased the motel for $1.6 ...