Friday, January 11, 2008

INDUSTRY VETERAN APPOINTED AS PRESIDENT OF EUROPEAN OPERATIONS FOR DIAMOND RESORTS INTERNATIONAL®

INDUSTRY VETERAN APPOINTED AS PRESIDENT OF EUROPEAN OPERATIONS FOR DIAMOND RESORTS INTERNATIONAL®

Las Vegas - January 8, 2008 -- Diamond Resorts International® (DRI), a global leader in the vacation ownership industry, has appointed Martin M. Kandel ("Marty") to the position of President for European Operations, reporting to the President and Chief Operating Officer for DRI, Simon Crawford-Welch, Ph.D, RRP.

Prior to joining DRI, Kandel held the position of Chief Executive Officer at Accor Première Vacation Club providing the experience and leadership to build a large, profitable operation, which saw average year-on-year revenue growth in excess of 30%. At Accor, Kandel was responsible for more than 1,100 employees, 19 resort properties and 17 sales offices throughout Australia, New Zealand and Indonesia, and $100,000,000 in annual sales. Kandel also served for 11 years as CEO of Accumen Sales & Marketing Group, a Florida-based timeshare development, sales, marketing and travel company.

"Marty brings with him a wealth of experience in all areas of the timeshare business, and a particularly strong focus on sales, marketing and product and property development," says Simon Crawford-Welch. "His engagement to lead our European operations underscores our desire to offer better products, value and service to our members and owners worldwide."

Kandel is a former Maryland Assistant Attorney General appointed to the Governor's Task Force on Timesharing and selected to author state timesharing legislation as well as policies for regulatory agencies. He remains a member in good standing (inactive) of the Maryland Bar.

"Europe is an important part of our growth strategy," says Stephen J. Cloobeck, Chairman and Chief Executive Officer of DRI. "Marty was instrumental in Accor's success, and his vision for our European operations is equally as ambitious and well aligned with our brand goals and desire to deliver superior, customer-focused hospitality service on a global scale, regardless of geographic boundaries."

Kandel is a trustee member of American Resort Development Association (ARDA) and in 2002 was appointed to the Board of Directors. He is also a member of the Board of Directors of the Australian Timeshare and Holiday Ownership Council Limited (ATHOC).

"Our owners' opinions will be key to future resort developments and improvement to our European operations," Kandel says. "With the strong team that currently exists in Europe, and an owner-centric commitment, I am certain we will deliver exactly the kind of quality product that will ensure our owners expectations and satisfaction, and the success of Diamond Resorts International® worldwide."

Diamond Resorts International®, based in Las Vegas, Nev., is one of the largest vacation ownership companies in the world with more than 110 branded and affiliated resorts throughout the continental United States and Hawaii, Canada, Mexico, the Caribbean and Europe. Offering simplicity, choice and comfort to its more than 360,000 owners through the branded-service of more than 5,000 team members worldwide, Diamond Resorts International® is dedicated to providing its guests with effortless and relaxing vacation experiences every time, for a lifetime.

For more information, please visit DiamondResorts.com

Contact: Kimberly Perette
Tel: (702).261.1005

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