Diamond Resorts is a wholly owned subsidiary of Hilton Grand Vacations . Diamond Resorts was an independent timeshare and vacation ownership company until it was purchased by HGV in 2021. Following the purchase, Diamond's resorts became part of HGV's resort portfolio, and Diamond itself became a brand and subsidiary of HGV. The majority of Diamond Resorts have been or will be rebranded as Hilton vacation Club properties, however the original brand will continue to exist as some resorts are slated to retain the Diamond Resorts name.
29-836: 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 March 2018, the company announced it was sponsoring a new golf tournament, the Diamond Resorts Tournament of Champions, with the LPGA as an official season event. 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
58-721: A $ 40,000 purse. PGA Tour professional Nick O'Hern won the Professional Golf Division and retired NFL player Mark Rypien was the celebrity champion. In its second year, the Diamond Resorts Invitational was held at Isleworth Country Club in Windermere, Florida from December 11–14, 2014. More than 400 people participated in the weekend event, which included a celebrity/amateur golf tournament and private concert by country music artist Colt Ford . PGA Tour professional J. B. Holmes won
87-517: A boutique hotel in Honolulu, Hawaii . In January 2020, Diamond Resorts partnered with Highgate to rent units in two properties in New York City. In March 2021, Apollo Global agreed to sell Diamond Resorts to Hilton Grand Vacations for $ 1.4 billion. The acquisition was completed on August 2, 2021. The company's founder, Stephen J. Cloobeck , was featured in the fourth season premiere of
116-582: The Arizona Supreme Court ruled disgorgement was not authorized under the ACFA. Arizona Attorney General Mark Brnovich announced April 19, 2016 legal action against Volkswagen for violating the ACFA after the company admitted to using defeat devices to skew vehicle emissions in 2015. Around 4,000 Arizona residents were affected, placing the potential penalty at $ 40 million. Diamond Resorts settled for $ 800,000 on December 23, 2016, after
145-618: The FTC warns are likely to rise every year. Diamond Resorts's official 2014 SEC filing states that club members do not have the right to terminate membership, except in certain areas where consumers are protected by state law. Jeff Weir, a Diamond timeshare owner and journalist covering the timeshare industry, told The New York Times , "In my experience, Diamond is much more ambitious, aggressive and downright nasty in their sales presentations compared to Marriott and Westin. Diamond just has an amazing reputation of being tough on people." Mike Flaskey,
174-645: The Outer Banks , North Carolina . That same month, 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. Diamond Resorts acquired Intrawest Resort Club Group in November 2015, adding nine resorts and 22,000 members. After the acquisition, Diamond Resorts re-branded
203-549: The Act for him to state that the car was in good shape, but it would also be a violation if he failed to disclose the fact that the car could not be safely driven. Merchants who willfully violate the ACFA may be required to pay up to $ 10,000 per violation. It also gives broad powers to the Attorney General to investigate fraud already committed or about to be. For instance, Consumer Protection Law Developments states that
232-488: The American reality television series Undercover Boss on January 15, 2012, marking the first time the head of a company previously featured in an earlier episode went undercover a second time. Diamond Resorts is notable for high-pressure sales tactics used to close sales and generate fees for consumers. Club members are charged yearly maintenance fees (including management fees), which are set by Diamond Resorts and which
261-527: The Attorney General has the power to "issue subpoenas, administer oaths or affirmations, and conduct hearings in order to carry out his duties under the ACFA." The AFCA was first introduced as House Bill 114 by Arizona House Republican majority leader D. Delos Ellsworth . The minutes from the House Commerce and Industry Committee said this: House Bill 114 was introduced by Chairman Ellsworth who then introduced Attorney General Darrell Smith to explain
290-495: The Intrawest Resort Club Group as Embarc Resorts. On June 29, 2016, Apollo Global Management made a successful offer to purchase Diamond Resorts International. On December 23, 2016 Arizona Attorney General Mark Brnovich announced a settlement of $ 800,000 with Diamond Resorts. As part of the settlement, customers who bought their timeshares under false pretenses could relinquish them. Michael Flaskey
319-614: The PGA Tour Division, shooting a 9-under 63. The celebrity champion was former Atlanta Braves pitcher John Smoltz , who defeated the President of Baseball Operations for the Atlanta Brave, John Hart , in a one-hole playoff, for the first of his three victories in the event (including the successor tournament). In 2016, the golf event was named Diamond Resorts Invitational benefiting Florida Hospital for Children and
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#1732780869200348-510: The act, however a private citizen's lawsuit must be brought within one year from the date of the claim. The ACFA gives consumers in Arizona recourse in the event of fraudulent marketing and sales. A brochure released by the State of Arizona Financing Fraud Division states: For example, if a car dealer sold a used car which he knew could not be safely driven, it would not only be a violation of
377-430: The company was sued by Arizona under the ACFA for misleading consumers about timeshares. Some of the allegations included increasing maintenance fees, membership resale and buy-back programs, timeshare resale market, ability to rent timeshares, and discounts on travel needs. Arizona brought an ACFA case against Theranos , reaching a $ 4.65 million settlement in 2017. Arizona consumers who were affected received refunds in
406-530: The company's current chief executive officer, spoke on Fox Business about how the company is shaking up its sales and marketing model to better meet traveler's desires. On December 23, 2016, Arizona Attorney General Mark Brnovich announced a settlement of $ 800,000 with Diamond Resorts over accusations that Diamond Resorts had violated the Arizona Consumer Fraud Act . Of the settlement funds, $ 650,000 were used for customer restitution. Under
435-541: The first time against pharmaceutical companies, joining Illinois and Minnesota. The Arizona Court of Appeals allowed action under the ACFA against Medicis Pharmaceutical for marketing acne medication containing minocycline , known to cause a lupus -like autoimmune response. In the 2012 case of State of Arizona vs Autozone , Autozone was charged under the ACFA for multiple instances of mispricing merchandise from 2001 - 2006. The state of Arizona sought disgorgement instead of returning funds to consumers. After review,
464-544: The mail. The average refund was $ 60.92. The largest refund was $ 3,411. Under the terms of the settlement Theranos was banned for two years from blood-testing. Attorney General Brnovich announced a $ 6.28 million settlement with General Motors LLC in March 2018 as part of a faulty ignition switch-related settlement. Under the settlement, approximately 33,000 Arizona consumers who purchased GM vehicles between July 2009 and July 2014 are eligible for payments. Consumers will receive
493-404: The merchant as well as the consumer from such frauds. It will also help to retain money for the state that is now being taken out of the state by those who are defrauding and leaving the state immediately thereafter and moving on to other places. House Bill 114 was passed as an emergency measure and signed into law by Jack Williams on March 13, 1967. In 2015 Arizona applied consumer fraud law for
522-638: The previous two LPGA seasons, along with celebrity participants. The Diamond Resorts Tournament of Champions replaces the golf tournament the company previously sponsored, the Diamond Resorts Invitational . That same month, acquired Amber Vacation Club in March 2018 and will assume operations at Amber's managed resorts, Sunrise Ridge Resort in Pigeon Forge, Tennessee and Alhambra Villas and Alhambra at Poinciana in Kissimmee, Florida. In April 2018, Diamond Resorts announced it had acquired The Modern Honolulu,
551-427: The previous two seasons. They competed alongside 45 sports and entertainment celebrities. In 2013, PGA Tour professional, Brian Gay , offered to lend his name to the inaugural Diamond Resorts-sponsored golf invitational in an effort to help raise money for Florida Hospital for Children. More than 300 golfers, celebrities and spectators attended the event. The tournament also hosted a celebrity-only golf tournament with
580-534: The professional division and MLB pitcher Mark Mulder won the celebrity division. The tournament was a PGA Tour Champions Challenge Season event again in 2018 and held Jan. 12-14 at Tranquilo Golf Club at Four Seasons Resort Orlando. The professional field featured 28 PGA Tour Champions players and four LPGA players, including Brittany Lincicome and Brooke Henderson , competing for a $ 750,000 purse. The celebrity field featured 50 sports and entertainment players competing for their own $ 500,000 purse. All three days of
609-407: The purpose of this Bill and their reasons for endorsing it. He stated that this Bill is to stop the fraud that now exists in the selling of many goods to the consumer, and the need for legislation to protect them from such. Mr. Smith introduced Mr. Philip Marquardt, an assistant on the staff of the Attorney General. Mr. Marquardt gave additional information in explaining that this Bill will also protect
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#1732780869200638-448: The settlement, customers who had purchased timeshares in Arizona between January 1, 2011, and July 23, 2017, could be released from their timeshare, provided they gave a detailed description of deceptive statements or false promises made by Diamond Resorts employees during the sale. The Attorney General's website states that alleged misrepresentations were related to: Diamond Resorts Invitational The Diamond Resorts Invitational
667-432: The successor tournament. 28°23′57″N 81°32′52″W / 28.3991°N 81.5478°W / 28.3991; -81.5478 Arizona Consumer Fraud Act The Arizona Consumer Fraud Act (ACFA) is a package of Arizona state laws that give protections to consumers in almost any kind of transaction related to the sale or advertisement of merchandise. Both the state and a private citizen may bring action under
696-480: The tournament became a PGA Tour Champions Challenge Season event. It was held Jan. 13-15 at Tranquilo Golf Club at Four Seasons Resort Orlando. It had 27 PGA Tour Champions players, three LPGA players and 48 other amateur celebrity players. The players were organized into threesomes of one professional and two celebrities, and competed side-by-side in a Modified Stableford scoring format for separate purses totaling $ 1.25 million. PGA Champions Tour player Woody Austin won
725-452: The tournament were again nationally televised on Golf Channel. Former top-ranked American tennis player Mardy Fish took home the $ 100,000 first place prize money in the celebrity division, while PGA TOUR Champions standout Scott Parel pocketed $ 125,000 by winning the professional division after a first hole playoff, his second victory in the event. Fish and John Smoltz share the record at three wins, as Smoltz (2019-20) and Fish (2021) have won
754-531: Was a PGA Tour Champions Challenge Season event and celebrity golf tournament, played at Tranquilo Golf Club at Four Seasons in Orlando, Florida , and benefited Florida Hospital for Children. The tournament began as a celebrity-only tournament in 2013 and in 2017, the tournament was made a PGA Tour Champions Challenge Season event. The 2018 event featured a field of 28 PGA Tour Champions and 4 LPGA Tour professionals, and 50 celebrity amateur golfers. The tournament
783-752: Was a no cut 54-hole event, and used the Modified Stableford scoring system. Over the years, the tournament helped raise more than $ 3.1 million for Florida Hospital for Children. In March 2018, tournament sponsor Diamond Resorts announced it was changing the tournament for 2019 to an official LPGA Tour event called the Diamond Resorts Tournament of Champions . The new tournament was the LPGA's 2019 season opener with $ 1.2 million in prize money. The 26-player pro field included only those LPGA players who had qualified by winning in
812-454: 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. Diamond Resorts announced in March 2018 that the company was partnering with the LPGA to launch the Diamond Resorts Tournament of Champions. The tournament begins the LPGA's 2019 season and features tournament winners from
841-837: Was nationally televised on the Golf Channel with an 81-person field, 54-hole celebrity tournament. It was held January 12–17, 2016 at The Golden Bear Club in Windermere, Florida and featured a Stableford scoring format with a $ 500,000 purse. After three days of play, former professional American tennis player, Mardy Fish , claimed victory. The celebrity lineup included Super Bowl MVPs Jerry Rice , Marcus Allen , Richard Dent and Mark Rypien ; Atlanta Braves Hall of Fame pitcher of Greg Maddux , John Smoltz and Tom Glavine ; ESPN college football expert and former NFL quarterback Danny Kanell ; baseball legends Reggie Jackson , Roger Clemens and Gaylord Perry ; and celebrity entertainers Larry The Cable Guy , Jake Owen and Colt Ford . In 2017,
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