Signa Agrees Sale of Iconic Venice Hotel to Schoeller Group
Signa Prime Selection AG has agreed to sell three Italian properties, including the five-star Hotel Bauer in Venice, to the Schoeller Group.
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Signa Prime Selection AG has agreed to sell three Italian properties, including the five-star Hotel Bauer in Venice, to the Schoeller Group.
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Sep 18, 2018
Bloomberg News
,(Bloomberg) -- Diamond Resorts, a timeshare company owned by Apollo Global Management LLC, has hired a new chief financial officer who was fired by his last employer for violating company rules.
Diamond, which Apollo took private in 2016 for $2.2 billion, has hired Jim Mikolaichik, the company said in a statement today. Earlier this year, Apollo confidentially filed to take Diamond public again, according to a person familiar with the plans, who asked not to be named because the plans are private.
Mikolaichik was fired last month by Hilton Grand Vacations Inc. “for conduct and behavior not consistent with the company’s policies,” the company said at the time. The firing “was not related to any issues involving the company’s business, strategy, operations, performance, financial reporting or internal controls,” according to an August statement.
Stevi Wara, a spokeswoman for Diamond Resorts, didn’t immediately respond to a voice message and email seeking comment. Mikolaichik is replacing outgoing CFO Peter Crage, who is retiring, the statement from Diamond said.
An Apollo representative had no immediate comment.
To contact the reporters on this story: Patrick Clark in New York at pclark55@bloomberg.net;Gillian Tan in New York at gtan129@bloomberg.net
To contact the editors responsible for this story: Daniel Taub at dtaub@bloomberg.net, Peter Jeffrey
©2018 Bloomberg L.P.