DRII Diamond Resorts International, Inc.

This Amendment No. 8 to Schedule 13D (this “Amendment”) relates to the common stock, par value $0.01 per share (the “Common Stock”), of Diamond Resorts International, Inc. (the “Issuer”), and amends each of (i) the Schedule 13D filed by Best Amigos Partners, LLC (“BAP”), Diamond Oursurance, LLC, LDK Holdco, LLC and Lowell D. Kraff with the Securities and Exchange Commission (the “SEC”) on August 5, 2013, as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6 and Amendment No. 7 to such Schedule 13D filed on June 13, 2014, August 18, 2014, October 3, 2014, March 4, 2015, March 10, 2015, March 24, 2015, and July 19, 2016, respectively and (ii) the Schedule 13D filed by Praesumo Partners, LLC (“Praesumo” and, together with BAP, Diamond Oursurance, LLC, LDK Holdco, LLC and Mr. Kraff, the “Reporting Persons”) with the SEC on August 5, 2013, as amended by Amendment No. 1, Amendment No. 2 and Amendment No. 3 to such Schedule 13D filed on June 13, 2014, August 18, 2014 and October 3, 2014, respectively (together, as so amended, the “Schedule 13D”).

This Amendment is being filed by the Reporting Persons to furnish the additional information set forth herein. Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Schedule 13D.

Item 4. Purpose of the Transaction.

Item 4 of the Schedule 13D is hereby amended by adding the following:

Mr. Kraff’s role as a director and as Vice Chairman of the board of directors of the Issuer concluded at the annual meeting on May 24, 2016.

The Rule 10b5-a Plans with J.P. Morgan terminated and are no longer in effect.

After giving effect to the sales by LDK and BAP described below in Item 5, the Amended Stockholders Agreement covers, as of July 28, 2016, an aggregate of 27,345,217 outstanding shares of Common Stock, representing approximately 39.20% of the outstanding Common Stock (based on 69,752,698 shares of Common Stock outstanding as of July 28, 2016).

Item 5. Interest in Securities of the Issuer.

Items 5(a), (b) and (c) of the Schedule 13D are hereby amended and restated as follows:

(a) The Reporting Persons may be deemed to beneficially own 3,180,417 shares of Common Stock, representing approximately 4.48% of the Issuer’s outstanding Common Stock (based on 69,752,698 shares of Common Stock outstanding as of July 28, 2016).

(b) Mr. Kraff has sole voting power and sole dispositive power with regard to (i) 1,212,585 shares of Common Stock underlying options held by him and (ii) an aggregate of 1,967,832 shares of Common Stock held by BAP, Praesumo, Oursurance and LDK. Mr. Kraff is (i) the sole manager of BAP, (ii) the managing member of Praesumo, (iii) the sole manager of Oursurance, and (iv) the sole member of LDK. BAP has sole voting power and sole dispositive power with regard to 24,380 shares of Common Stock held by it. Oursurance has sole voting power and sole dispositive power with regard to 287,686 shares of Common Stock held by it. LDK holds no shares of Common Stock following its final sale on July 21, 2016. Praesumo has sole voting power and sole dispositive power with regard to 1,655,766 shares of Common Stock held by it.

The share ownership reported for the Reporting Persons does not include any shares of Common Stock owned by the other parties to the Stockholders Agreement, as amended by the First Amendment. Each of the Reporting Persons is deemed to be a member of a “group” for purposes of the Exchange Act with the other parties to the Stockholders Agreement, as amended by the First Amendment. Each of the Reporting Persons disclaims beneficial ownership of any shares of Common Stock owned by the other parties to the Stockholders Agreement, as amended by the First Amendment, except to the extent disclosed in this Schedule 13D.

(c) No transactions in the Common Stock have been effected by the Reporting Persons within the past 60 days, except (i) as disclosed in Amendment No. 7 filed with the SEC on July 19, 2016; (ii) for the following sales of shares of Common Stock on July 20, 2016, and July 21, 2016 in open market transactions by LDK; and (iii) for the following sales of shares of Common Stock on July 21, 2016, July 22, 2016, July 25, 2016, July 26, 2016, July 27, 2016, and July 28, 2016, in open market transactions by BAP:

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Item 6 of the Schedule 13D is hereby amended by adding the following:

The 985,277 shares of Common Stock previously pledged by BAP as collateral to secure a $10 million revolving loan facility for BAP are no longer pledged to the lender and are no longer owned by BAP.

Item 7. Material to Be Filed as Exhibits.

Item 7 of the Schedule 13D is hereby amended by adding the following exhibits:

SIGNATURE

After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: August 2, 2016