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LAS VEGAS-Diamond Resorts International, a global leader in the hospitality and vacation ownership industries, has completed two strategic acquisitions, adding Island One and the remaining portion of Pacific Monarch Resorts to its network.

Diamond has acquired the management contracts for each company’s properties, and added Island One’s owner families to Diamond’s portfolios. Diamond had previously acquired Pacific Monarch’s other management agreements and owner families in 2012. The closings of both acquisitions were contingent upon the completion of Diamond’s initial public offering, which closed on July 24, 2013.

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