Diamond Resorts is a timeshare company headquartered in Las Vegas, Nevada. The company owns a network of 379 vacation destinations in 35 countries around the world and sells vacation ownership points.
On June 29, 2016, Apollo Global Management made a successful offer to purchase Diamond Resorts International.
Michael Flaskey was named chief executive officer of the company in March 2017.
On January 18, 2018, the company underwent a brand refresh, updating its logo and officially dropping International from its name to be known as Diamond Resorts.
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Acquisitions
In October 2015 DRI bought out Gold Key Resorts for $167.5 million. This acquisition added five vacation ownership resorts in Virginia Beach, Virginia, and one in the Outer Banks, North Carolina.
Diamond Resorts acquired Intrawest Resort Club Group in November 2015, adding nine resorts and 22,000 members. After the acquisition, Diamond Resorts re-branded the Intrawest Resort Club Group as Embarc Resorts.
Cabo Villa Resort Video
Philanthropy
Diamond Resorts launched the Diamond Resorts Invitational in 2013 to benefit Florida Hospital for Children. Through the golf tournament, the company has raised a total of more than $3.1 million to the children's hospital.
In October 2015, Diamond Resorts pledged to match all new donations made to the Diamond Resorts International Foundation, a recognized 501(c)(3) organization, in 2017 up to $1 million to support Hurricane Irma relief efforts.
Undercover Boss
The founder, Stephen J. Cloobeck, was featured in the season premiere of Undercover Boss Season 4 on January 15, 2012. He was the first Chairman and CEO to go undercover a second time on November 30, 2012.
Properties
United States
International
Source of the article : Wikipedia
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