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UNITE HERE Local 5 Releases Report: "Apollo Global's Timeshare Sales Pitch to Institutional Investors"

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UNITE HERE Local 5 raises concerns about Apollo's reported
confidential IPO filing for its timeshare company Diamond Resorts

UNITE HERE Local 5 released research on its new website, www.DiamondResortsWatch.org,
in response to a media report about Apollo Global Management's plans to
take Diamond Resorts public. The confidential IPO filing by Apollo was
reported by the Wall Street Journal earlier this year.

UNITE HERE Local 5's report urges investors to question why Apollo would
want to go public now after it acquired the timeshare company only two
years ago in a $2.2 billion deal. The Wall Street Journal reported
Apollo could seek an IPO valuation in the $4 billion range.

UNITE HERE Local 5's report includes court document revelations from a
shareholder lawsuit about why the founder, former CEO, then-chairman and
largest shareholder of Diamond Resorts did not support the 2016 sale to
Apollo. Furthermore, UNITE HERE Local 5 reviews the conflicting
valuations that plagued the company in recent years, including its 2013
IPO, the 2016 privatization deal (including the related 2016 shareholder
lawsuit) and now this potential IPO capital raise by Apollo Global
Management.

UNITE HERE Local 5's report and supporting court documents can be viewed
at www.DiamondResortsWatch.org.
Further analysis will be updated to and available on the website.

About UNITE HERE Local 5 – Local 5 is the
Hawaii-based branch of the UNITE HERE union. UNITE HERE represents over
270,000 North American members and has a tradition of consumer advocacy.

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