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20-924: In April 2017, KSL and Aspen jointly purchased Intrawest . This acquisition was followed by Mammoth Resorts a few days later and Deer Valley in August. All of these assets were combined with KSL's Squaw Valley Alpine Meadows ski resort to form Alterra Mountain Company in January 2018. In late January 2018, Alterra announced the Ikon Pass, a season pass that provides unlimited or restricted access to all of their ski resorts in collaboration with Alta Ski Area , Snowbasin , Arapahoe Basin , Aspen/Snowmass , Boyne Resorts , Jackson Hole Mountain Resort , Powdr Corporation , Revelstoke Mountain Resort , SkiBig3, and Snowbird . This

40-524: 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

60-526: A wholly owned division of Aspen Skiing Company . The company later went public, listed on the Toronto and New York Stock Exchanges and, in 1996, merged with Whistler Mountain Ski Corporation to form Whistler-Blackcomb resort, a venue of the 2010 Winter Olympics and Paralympic Games. Intrawest eventually spun off Whistler-Blackcomb and sold the last of its shares in that company in 2012. Today,

80-517: Is a competitor to Vail Resorts ' Epic Pass. In 2021, Alterra Mountain Company announced its plans to invest $ 207 million in capital improvements for the upcoming year, including transformational base area and on-mountain developments at Steamboat, Deer Valley Resort, Squaw Valley Alpine Meadows and Mammoth Mountain. As of late 2021, the Chief Executive Officer was Jared Smith. Intrawest Intrawest Resorts Holdings, Inc

100-815: 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

120-624: 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,

140-647: 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

160-493: 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

180-498: 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

200-748: The Intrawest network includes mountain resorts . Intrawest also operates Club Intrawest , a private resort club with nine locations in North America. The company is the largest developer and operator of resort properties in North America offering skiing , snowboarding , golf , mountain biking , lodging, and real estate opportunities at each of its resorts. Intrawest develops real estate at its resorts and at other locations across North America. The company owns Canadian Mountain Holidays ,

220-532: 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

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240-709: The largest heli-skiing operation in the world. On November 12, 2013, Intrawest filed an initial public offering (IPO) with the New York Stock Exchange to raise up to $ 100 Million. The filing states that the money is being raised, "for working capital and other general corporate purposes, which may include potential investments in, and acquisitions of, ski and adventure travel businesses and assets." In 2016, Intrawest initiated significant reductions in full time staff to achieve rapid cost reductions. Numerous key staff positions have been eliminated at its corporate headquarters and resort locations. This follows

260-693: 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,

280-478: The sale of the Club Intrawest time share lodging operation to Diamond Resorts International at the end of 2015. It is unclear regarding the company's longer term strategies as it continues to display inconsistent approaches in its business and staffing model. In 2017, Intrawest was sold to Henry Crown and Company (which owns Aspen Skiing Company ) and KSL Capital Partners for $ 1.5 billion. In May 2017, it

300-476: Was a developer and operator of destination resorts and a luxury adventure travel company. The company was founded in 1976 as a privately funded real estate development company. In 2006, Intrawest was purchased by Fortress Investment Group , a private equity investment company, which resulted in the company being delisted from the Toronto Stock Exchange and New York Stock Exchange. Fortress

320-641: Was announced that Intrawest would no longer exist as a public company after its acquisition by Henry Crown and Company and KSL Capital Partners. Intrawest resorts are now operated by Alterra Mountain Company , which announced its new name at the 2018 Outdoor Retailer show in Denver, Colorado. In 1986, Intrawest acquired Blackcomb Mountain from the Federal Business Development Bank, a Canadian Crown Corporation, and Fortress Mountain of Alberta (no relation to Fortress Investments LLC),

340-466: Was announced that Intrawest would no longer exist as public company. The newly formed company is called Alterra Mountain Company , which was announced at the 2018 Outdoor Retailer Show in Denver, Colorado. Resorts owned at least in part by Intrawest included: Diamond Resorts International Diamond Resorts is a wholly owned subsidiary of Hilton Grand Vacations . Diamond Resorts was an independent timeshare and vacation ownership company until it

360-508: 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

380-471: 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. Diamond Resorts launched

400-541: Was under financial pressure related to the Intrawest debt, but a new loan with a single lender was completed in April 2010 and all prior lenders were repaid in full. In recent years, Intrawest has strengthened its cash flows, despite 2012 proving to be a challenging year for the American ski industry with warmer than normal temperatures and snowfall at 50% of historical averages. Western Canada experienced above average and record snowfall amounts in some areas. In May 2017, it

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