Diamond Resorts Announces North American Portfolio Expansion

. October 14, 2008

JANUARY 3, 2008. Diamond Resorts International(R) (DRI) announces the addition of 14 new resorts to its North American portfolio, offering expanded choices to its more than 360,000 owners worldwide. The expansion adds new affiliate properties in California, Colorado, Hawaii, Utah, Washington, Canada and 8 resorts in Mexico.

"We made a brand promise to offer more destination choice to our owners," says Stephen J. Cloobeck, Chairman and Chief Executive Officer of DRI. "The addition of 14 new resorts to the North American portfolio, and further expansion plans in the works, underscores the commitment to our brand tenets of simplicity, choice and comfort and our ongoing commitment to our owners."

Location is one facet of the additional choice now being offered to DRI owners. The newly affiliated resorts range from boutique hotels, offering an exceptionally personalized vacation experience, to more traditional hotel, lodge and vacation ownership accommodations.

"Our owner surveys have consistently highlighted requests for more choice in two geographic areas, Mexico and North American ski and mountain resorts," says DRI President and Chief Operating Officer Simon Crawford-Welch Ph.D., RRP. "With availability at these new affiliate resorts as of January 2008, we're delivering those vacation spots with a broad selection that meet or exceed our standards of service and comfort. These new affiliations further solidify our position as a pure-play - 100% timeshare focused - leader in the vacation ownership industry."

The expanded offerings in Mexico span the continent from the Pacific coast vacation hot spots of Acapulco, Mazatlan and Puerto Vallarta to exciting destinations along the Yucatan Peninsula including Cancun and the island jewel of Isla Mujeres. Strategic locations in the heart of Mexico's Oaxaca region provide the perfect base to explore world-renowned archaeological sites and the rich cultural history of Central America.

For those seeking sports and relaxation at the new resorts in the U.S. and Canada, mountain destinations in Colorado, Utah and Whistler, British Columbia, offer world-class winter sports and diverse summer activities, while additions in Palm Springs and Hawaii expand golf offerings with championship courses nearby.

Diamond Resorts International(R), based in Las Vegas, Nev., is one of the largest vacation ownership companies in the world with over 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(R) is dedicated to providing its guests with effortless and relaxing vacation experiences every time, for a lifetime.

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